Result of Annual General Meeting

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/ Special	For		Against		Total votes cast
			No. of votes	%	No. of votes	%
1	To receive the annual report and accounts for the period ended 28 February 2022	Ordinary	22,732,440	100	0	0	22,732,440
2	To approve the Report on Remuneration	Ordinary	22,732,440	100	0	0	22,732,440
3	To re-appoint Stefania Barbaglio as a director	Ordinary	22,732,440	100	0	0	22,732,440
4	To re-appoint Craig Foster as a director	Ordinary	22,732,440	100	0	0	22,732,440
5	To re-appoint Andrew John Gowdy Morrison as a director	Ordinary	22,732,440	100	0	0	22,732,440
6	To re-appoint Gregory Mark Wood CBE as a director	Ordinary	22,732,440	100	0	0	22,732,440
7	To re-appoint PKF Littlejohn LLP as auditor	Ordinary	22,732,440	100	0	0	22,732,440
8	To authorise the Directors to determine the auditor's remuneration.	Ordinary	22,732,440	100	0	0	22,732,440
9	To authorise the Directors to allot shares.	Ordinary	22,732,440	100	0	0	22,732,440
10	To authorise the Directors to disapply pre-emption rights.	Special	22,315,774	98.16	416,666	1.84	22,732,440
11	To authorise calling of a general meeting on 14 clear days' 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 £0.05 each.

Enquiries

For further information, please visit  www.ondoplc.com   or contact the following: 

Ondo InsurTech Plc Craig Foster, Chief Executive Office	[phone]
Broker SI Capital Ltd Nick Emerson Jon Levinson	[phone] [phone]
Public & Investor Relations Cassiopeia Services Ltd Stefania Barbaglio	[phone]

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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