Source - LSE Regulatory
RNS Number : 6190R
Ondo InsurTech PLC
30 October 2023
 

30 October 2023

 

 

Ondo InsurTech Plc

("Ondo", or the "Company")

 

Appointment of Dowgate Capital as Broker and Financial Adviser

 

Ondo InsurTech Plc (LSE: ONDO), a leading company in claims prevention technology for home insurers, is pleased to announce the appointment of Dowgate Capital Limited as the Company's Broker and Financial Adviser with immediate effect.

 

Enquiries:

 

Ondo InsurTech Plc

Craig Foster, CEO

Kevin Withington, CFO

 

+44 (0) 8007 839 866

Dowgate Capital Limited

Broker & Financial Adviser

Russell Cook

Nick Chambers

 

+44 (0) 20 3903 7715

Cassiopeia Services Ltd

PR & Investor Relations

Stefania Barbaglio

 

+44 (0) 7949 690 338


 

 

About Ondo InsurTech PLC

 

Ondo InsurTech Plc is a world leading provider of claims prevention technology for home insurers.  Ondo's focus is on the global scale-up of LeakBot - claims prevention technology that prevents water damage claims in houses.  Water damage is the single biggest cause of home insurance claims, accounting for [an estimated] $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 14 insurance carriers - including Admiral, Direct Line Group, Hiscox, Mapfre and TopDanmark - across 5 different countries, in Europe and the USA.

 

 

For more information, visit www.ondoplc.com

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
APPEAXENALEDFEA
Find out how to deal online from £1.50 in a SIPP, ISA or Dealing account. AJ Bell logo

Related Charts

Ondo Insurtech PLC (ONDO)

+1.70p (+7.46%)
delayed 18:30PM