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An update from Ondo InsurTech Plc ( (GB:ONDO) ) is now available.
Ondo InsurTech Plc has announced a series of transactions involving its Share Incentive Plan (SIP) and director share dealings. The SIP arrangement allows employees, including key directors Craig Foster and Kevin Withington, to purchase shares at the market rate with matching shares provided by the SIP. Additionally, non-executive director Stefania Barbaglio exercised warrants, increasing her stake in the company. These movements are part of Ondo’s strategy to bolster employee investment and align interests with the company’s growth. Furthermore, the total voting rights update reflects an increase in issued shares due to warrant and option exercises, marking an important step in strengthening shareholder transparency and engagement.
More about Ondo InsurTech Plc
Ondo InsurTech Plc is a leader in claims prevention technology for home insurers, focusing on the global expansion of its LeakBot technology. This technology aims to mitigate water damage claims, which constitute a significant portion of home insurance claims. LeakBot is a self-installing device that detects leaks and alerts homeowners via a mobile app, offering solutions to prevent costly damage. The company partners with several major insurance carriers in Europe and the USA and has received the London Stock Exchange Green Economy Mark.
YTD Price Performance: -6.25%
Average Trading Volume: 899,926
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £49.04M
Learn more about ONDO stock on TipRanks’ Stock Analysis page.
