TIDMONDO

RNS Number : 6218A

Ondo InsurTech PLC

26 September 2022

26 September 2022

Ondo InsurTech Plc

(" Ondo " or "the Company")

Appointment of CFO to Board of Directors

Ondo InsurTech Plc (LON: ONDO) announces that Kevin Withington CFO will be appointed to the Board of Directors for Ondo InsurTech PLC and to its wholly owned subsidiaries today 26(th) September 2022.

There are no further regulatory disclosures with regards to Mr. Withington's appointment to the Board which would require disclosure under Listing Rule 9.6.13.

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 (LSE:ONDO).

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END

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(END) Dow Jones Newswires

September 26, 2022 05:19 ET (09:19 GMT)

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