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Ondo InsurTech Plc ( (GB:ONDO) ) has provided an update.
Ondo InsurTech plc has applied to the Financial Conduct Authority and the London Stock Exchange for a block listing of 10,441,618 new ordinary shares. These shares will be used to fulfill share option awards previously granted to employees and directors under various share option plans, with the block listing expected to become effective on December 31, 2024. This move is expected to streamline the company’s share management and potentially enhance its market positioning by aligning employee and director incentives with shareholder interests.
More about Ondo InsurTech Plc
Ondo InsurTech plc operates in the insurtech industry, focusing on providing innovative insurance technology solutions. Its primary services revolve around offering share options and plans to employees and directors, which are instrumental in enhancing stakeholder engagement and company growth.
YTD Price Performance: 55.64%
Average Trading Volume: 940,578
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £42.19M
Learn more about ONDO stock on TipRanks’ Stock Analysis page.
