23 September 2024
Ondo InsurTech Plc
("Ondo" or the "Company")
Result of Annual General Meeting
Ondo InsurTech Plc (LSE: ONDO), a leading company in claims prevention technology for home insurers, is pleased to announce that at the Annual General Meeting held earlier today, all resolutions as set out in the Notice of Annual General Meeting dated 30 August 2024 were duly passed.
The proxy votes received from shareholders on each resolution are set out below:
| Res. | Description | Votes For | % of votes cast | Votes against | % of votes cast | Total votes cast (excluding votes withheld | Votes Withheld |
| Ordinary Resolutions | |||||||
| 1 | To receive the 2024 Report and Financial Statements | 33,265,388 | 99.99% | 2,860 | 0.01% | 33,268,248 | 0 |
| 2 | To approve the Remuneration Report | 33,220,190 | 98.92% | 36,175 | 1.08% | 3,358,194 | 11,883 |
| 3 | To reappoint PKF Littlejohn LLP as auditors of the Company | 33,253,505 | 99.99% | 2,860 | 0.01% | 33,256,365 | 11,883 |
| 4 | Authority to determine remuneration of the auditors | 33,253,505 | 99.96% | 14,743 | 0.04% | 33,268,248 | 0 |
| 5 | Authority to allot shares
| 33,165,421 | 99.69% | 102,761 | 0.31% | 33,268,182 | 66 |
| 6 | Adoption of the Ondo Equity Incentive Plan | 33,253,439 | 99.96% | 14,743 | 0.04% | 33,268,182 | 66 |
| 7 | Approval of the Ondo EBT | 33,253,439 | 99.96% | 14,743 | 0.04% | 33,268,182 | 66 |
| Special Resolutions | |||||||
| 8 | Disapplication of pr-emption rights | 33,165,421 | 99.69% | 102,761 | 0.31% | 33,268,182 | 66 |
| 9 | Additional disapplication of pre-emption rights (for an acquisition or other specified capital investment) | 33,165,421 | 99.69% | 102,761 | 0.31% | 33,268,182 | 66 |
| 10 | Approval for calling of general meetings on 14 days' notice | 33,265,388 | 99.99% | 2,860 | 0.01% | 33,268,248 | 0 |
Enquiries
For further information, please visit www.ondoplc.com or contact the following:
| Ondo InsurTech Plc | Craig Foster, CEO Kevin Withington, CFO | +44 (0) 800 783 9866 |
| Dowgate Capital Ltd (Broker & Financial Advisor) | Russell Cook Nick Chambers Charlie Hall | +44 (0) 20 3903 7715
|
| Cassiopeia Services Ltd (PR & Investor Relations) | Stefania Barbaglio | +44 (0) 7949 690338
|
About Ondo InsurTech PLC
Ondo 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 $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. Independent research by Consumer Intelligence found LeakBot can reduce the cost of water damage claims by up to 70%.
LeakBot partners with 19 insurance carriers - including Nationwide, Admiral, Direct Line Group, Hiscox, Länsförsäkringar and TopDanmark - both in Europe and the USA.
Ondo holds the coveted London Stock Exchange Green Economy Mark awarded to companies who derive the majority of their income from Green activities.
For more information, visit www.ondoplc.com
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