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Result of General Meeting and Issue of Equity | Company Announcement

cryptonews100_tggfrn by cryptonews100_tggfrn
July 9, 2026
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Close of Accelerated Bookbuild to New Orders | Company Announcement
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THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF THE MARKET ABUSE REGULATION (EU) 596/2014 AS IT FORMS PART OF UK DOMESTIC LAW BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018 (AS AMENDED) (“UK MAR”). UPON THE PUBLICATION OF THIS ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE. THIS INSIDE INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN.

 

 

Phrases used however not outlined on this announcement have the identical which means as set out within the Company’s announcement launched at 4:05 pm on 22 June 2026.

 

9 July 2026

Ondo InsurTech Plc

(“Ondo” or the “Company”)

 

Result of General Meeting, Issue of Equity, Capital Reorganisation

 and Whole Voting Rights

 

Ondo InsurTech Plc (LSE: ONDO), a number one supplier of claims prevention expertise for house insurers, is happy to announce that on the General Meeting (“GM“) held earlier at the moment, all resolutions, as set out within the GM discover printed on 24 June 2026, had been duly handed on a ballot. Resolutions 1-3 had been handed as peculiar resolutions and resolutions 4-6 had been handed as particular resolutions.

The outcomes of the ballot had been as follows:

 

FOR

AGAINST

FOR

%

AGAINST

%

ABSTAIN

 Abnormal Decision 1

44,732,527

205,087

99.54

0.46

69,649

 Abnormal Decision 2

44,738,651

198,963

99.56

0.44

69,649

 Abnormal Decision 3

44,740,151

197,463

99.56

0.44

69,649

 Particular Decision 4

44,729,887

205,087

99.54

0.46

72,289

 Particular Decision 5

44,731,387

203,587

99.55

0.45

72,289

 Particular Decision 6

44,729,887

205,087

99.54

0.46

72,289

 

Completion of Fundraising and Capital Reorganisation

Because of this of the resolutions being handed, the Company will allot 96,710,000 New Abnormal Shares comprising 87,039,000 Putting Shares and 9,671,000 Retail Provide Shares, topic to Admission, to lift gross proceeds of £2.9 million. The Company can also be at the moment issuing unsecured Convertible Mortgage Notes totalling £2.0 million.

As set out within the Round and following the passing of the Resolutions, the Capital Reorganisation will now take impact to facilitate the issuance and Admission of the New Abnormal Shares pursuant to the Fundraising. Below the Capital Reorganisation, every Current Abnormal Share of 5 pence nominal worth will probably be subdivided and reclassified into one New Abnormal Share of 1 pence every and one new Deferred Share of 4 pence every.

 

Admission

Software has been made to the London Inventory Trade for 96,710,000 New Abnormal Shares to buying and selling on the Essential Market of the London Inventory Trade. It’s anticipated that admission will grow to be efficient and that dealings within the New Abnormal Shares will start at 8.00 a.m. on 10 July 2026.

The New Abnormal Shares, when issued, will probably be totally paid and will rank pari passu in all respects with one another and with the present Abnormal Shares of the Company, together with, with out limitation, the suitable to obtain all dividends and different distributions declared, made or paid after the date of subject.

 

Whole Voting Rights

Following Admission of the New Abnormal Shares, the Company’s issued share capital will comprise 246,524,760 Abnormal Shares all carrying one voting proper every. The Company doesn’t maintain any shares in treasury. Accordingly, the whole quantity of voting rights within the Company following Admission will probably be 246,524,760, which can be utilized by shareholders because the denominator for the calculations by which they’ll decide whether or not they’re required to inform their curiosity in, or a change to their curiosity in, the Company pursuant to the FCA’s Disclosure Steering and Transparency Guidelines.

 

Enquiries

For additional info, please go to www.ondoplc.com or contact the next:

 

Ondo InsurTech Plc

Mark Wooden, Govt Chairman

Craig Foster, CEO

Kevin Withington, CFO

+44 (0) 800 783 9866

Singer Capital Markets

(Dealer & Monetary Adviser)

Charles Leigh-Pemberton

Jen Boorer

James Todd

Anastassiya Eley

+44 (0) 20 7496 3000

Alma Strategic Communications

Andrew Jaques

Andy Bryant

Hannah Campbell

+44 (0) 20 3405 0205 or ondo@almastrategic.com

 

 



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