TIDMONDO

RNS Number : 8182W

Ondo InsurTech PLC

22 August 2022

22(nd) August 2022

Ondo InsurTech Plc

("Ondo" or the "Company")

Result of Annual General Meeting

Ondo InsurTech Plc (LON: ONDO) - the insurtech company which aims to be the leading provider of claims prevention technology for home insurers - announces that the Annual General Meeting was held earlier today and all resolutions put to shareholders were duly passed and approved on a show of hands at the meeting. The results of the proxy voting position received in advance of the meeting are reported below:

 
                    Resolution                  Ordinary/      For               Against             Total 
                                                 Special                                           votes cast 
                                                              No. of       %     No. of     % 
                                                               votes              votes 
      To receive the annual 
       report and accounts 
       for the period ended 
 1     28 February 2022                         Ordinary    22,732,440    100       0       0     22,732,440 
      To approve the Report 
 2     on Remuneration                          Ordinary    22,732,440    100       0       0     22,732,440 
      To re-appoint Stefania 
 3     Barbaglio as a director                  Ordinary    22,732,440    100       0       0     22,732,440 
      To re-appoint Craig 
 4     Foster as a director                     Ordinary    22,732,440    100       0       0     22,732,440 
      To re-appoint Andrew 
       John Gowdy Morrison 
 5     as a director                            Ordinary    22,732,440    100       0       0     22,732,440 
      To re-appoint Gregory 
       Mark Wood CBE as 
 6     a director                               Ordinary    22,732,440    100       0       0     22,732,440 
      To re-appoint PKF 
       Littlejohn LLP as 
 7     auditor                                  Ordinary    22,732,440    100       0       0     22,732,440 
                 To authorise the 
                  Directors to determine 
 8                the auditor's remuneration.   Ordinary    22,732,440    100       0       0     22,732,440 
      To authorise the 
       Directors to allot 
 9     shares.                                  Ordinary    22,732,440    100       0       0     22,732,440 
                 To authorise the 
                  Directors to disapply 
 10               pre-emption rights.            Special    22,315,774   98.16   416,666   1.84   22,732,440 
          To authorise calling 
           of a general meeting 
           on 14 clear days' 
 11        notice.                               Special    22,732,440    100       0       0     22,732,440

A vote withheld is not a vote in law and is not counted in the calculation of votes validly cast for or against a resolution.

The Company's issued share capital is 68,169,612 ordinary shares of GBP0.05 each.

Enquiries

   For further information, please visit  www.ondoplc.com   or contact the following: 
 
 Ondo InsurTech Plc 
  Craig Foster, Chief Executive Office      +44 (0) 800 783 9866 
 Broker 
  SI Capital Ltd 
  Nick Emerson                              +44 (0) 1483 413500 
  Jon Levinson                              +44 (0) 20 3143 0600 
 Public & Investor Relations 
  Cassiopeia Services Ltd 
  Stefania Barbaglio                        +44 (0) 7949 690338

About Ondo InsurTech Plc

Ondo InsurTech Plc is on a mission to become the world's leading provider of claims prevention technology for home insurers. Ondo's focus is on the global scale-up of LeakBot - an end-to-end internet of things solution which protects homes from the impact of water damage. Water damage is the single biggest cause of home insurance claims, accounting for $17bn of claims every year in the USA and UK combined. LeakBot is a patented self-install solution that connects to the home wireless network and, if it detects a leak, notifies the customer via the LeakBot mobile app and provides access to a team of expert LeakBot engineers to 'find and fix' the problem. Recent independent research by Consumer Intelligence found LeakBot can reduce the cost of water damage claims by 70%.

LeakBot partners with 11 insurance carriers - including Admiral, Direct Line Group, Hiscox, Mapfre and TopDanmark - across 5 different countries, in Europe and the USA.

In March 2022 LeakBot became the first InsurTech to IPO in London, as Ondo InsurTech Plc and holds the LSE's official Green Economy Mark as a business contributing to the Global Green Economy (LSE:ONDO).

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END

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August 22, 2022 10:31 ET (14:31 GMT)

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