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LONDON - Ondo InsurTech Plc (LSE: ONDO), a company specializing in claims prevention technology for home insurers, disclosed a transaction involving Charlene Hill, the spouse of Chief Executive Craig Foster. On Monday, Charlene Hill exercised warrants for 125,000 ordinary shares at 25 pence each and concurrently sold 105,000 shares at 35.8 pence per share.
The transaction, conducted outside of a trading venue on March 7, 2025, was part of Charlene Hill’s participation in a fundraising event linked to the company’s acquisition of LeakBot Limited in March 2022. The sale of the shares was reportedly to cover taxes and exercise costs.
Prior to the transaction, Charlene Hill owned 250,000 ordinary shares. Following the exercise of warrants and the share sale, her interest in Ondo InsurTech stands at 270,000 ordinary shares, representing approximately 0.21% of the company’s issued share capital.
The new ordinary shares have been admitted to the Equity Shares (Transition) category of the Official List of the Financial Conduct Authority and to trading on the London Stock Exchange (LON:LSEG)’s main market.
The disclosure also clarified a previous oversight. Charlene Hill, who married Craig Foster in August 2023, was not initially reported as a person closely associated (PCA) with him for UK Market Abuse Regulation (MAR) purposes. However, this has now been rectified, and her shareholding interests are consolidated with Craig Foster’s for reporting purposes.
As of March 11, 2025, Craig Foster’s beneficial interests in Ondo InsurTech, including his wife’s holdings, amount to 2,448,844 ordinary shares, which is about 1.90% of the issued share capital. Additionally, he holds 3,920,000 share options but no warrants.
The information regarding these transactions is based on a press release statement from Ondo InsurTech and complies with Article 19 of the Market Abuse Regulations.
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