James van den Bergh Acquires Nearly 7% Voting Stake in Ondo InsurTech Plc, Major Shareholding Disclosure Filed

TR-1 Notification Submitted to London Stock Exchange on 13 July 2026 for Ondo InsurTech Plc

The TR-1 form is the UK’s regulatory mechanism to notify both the listed company and the market of material changes in a shareholder’s voting rights. Under the Financial Conduct Authority’s Disclosure Guidance and Transparency Rules (DTR 5), any individual or entity acquiring or disposing of shares in a UK-listed issuer that results in their aggregate voting rights crossing, reaching, or falling below specified thresholds must promptly notify the company and market. These thresholds include 3%, 5%, 10%, 15%, 20%, 25%, 30%, 50%, and 75% of total voting rights. The notification filed for James van den Bergh on 13 July 2026 indicates a threshold crossing event on 10 July 2026, triggering this mandatory disclosure.

The announcement was finalized and filed in London, specifically naming the London Stock Exchange as the completion venue, and distributed through RNS, the Regulatory News Service managed by the London Stock Exchange Group. The ISIN for the shares is GB00BNVVGD77, corresponding to Ondo InsurTech Plc’s ordinary shares. No previous notification position is referenced, suggesting this may be van den Bergh’s first reportable holding or that prior holdings were below the initial notifiable threshold. The filing states the reason for notification as an acquisition or disposal of voting rights but does not specify the direction or size of the transaction.

James van den Bergh Holds 17,238,136 Votes, Representing 6.992456% of Ondo InsurTech Plc

According to the TR-1 form, as of 10 July 2026, James van den Bergh holds 17,238,136 voting rights in Ondo InsurTech Plc, all classified as direct voting rights attached to shares under DTR 5.1. The disclosed 6.992456% represents the total voting rights held; no indirect holdings or financial instruments are reported under DTR 5.2.1 or sections 8B1 and 8B2 of the form. This confirms van den Bergh’s entire economic and voting exposure is through direct share ownership without derivative or convertible instrument involvement.

This nearly 7% stake positions van den Bergh as a materially significant shareholder in the company. In smaller-cap UK-listed firms like Ondo InsurTech Plc, a holding of this size can exert substantial influence over shareholder voting outcomes, including ordinary and special resolutions. The implied total issued voting share capital, based on these figures, is approximately 246.5 million shares, though this is a calculated estimate rather than an official confirmation. Market participants will regard this as a noteworthy individual stake.

All 17.2 Million Shares Held Directly Without Financial Instruments or Derivative Positions

A notable feature of this major shareholding notification is its straightforward structure. Sections 8B1 and 8B2 of the TR-1 form, which address financial instruments with voting rights or similar economic effects, are blank. This confirms van den Bergh’s interest is entirely through direct share ownership under section 8A, with no warrants, options, contracts for difference, convertible notes, or other financial instruments included. This distinction is important as direct holdings confer immediate voting power, unlike financial instruments that may have conditional influence.

The sub-total for section 8A confirms 17,238,136 direct voting rights, representing 6.992456% of total voting rights. Section 9 states van den Bergh is not controlled by any natural person or legal entity and does not control any other entity holding interests in Ondo InsurTech Plc. Section 10, covering proxy voting, is blank, indicating no proxy arrangements. Overall, this depicts a straightforward, sizable personal shareholding in a UK-listed insurtech company.

Ondo InsurTech Plc: UK Insurtech Firm Specializing in Home Insurance Technology

Ondo InsurTech Plc is a UK technology company operating in the insurtech sector, focusing on technology-driven solutions for the home insurance market. Listed under ticker ONDO on the London Stock Exchange with ISIN GB00BNVVGD77, Ondo InsurTech’s business model leverages connected home technology and data to help insurers reduce claims costs and enhance customer outcomes. Its flagship product, LeakBot, is a smart home device that detects slow water leaks before significant damage occurs, attracting partnerships with major UK and international insurance carriers.

The insurtech sector has gained investor interest as traditional insurers seek technology solutions to manage claims inflation, improve underwriting, and boost policyholder engagement. Ondo InsurTech operates at the intersection of property technology and insurance, offering an IoT-based solution. Its revenue model involves deploying LeakBot devices via insurance partners, generating income from device sales and services. Given Ondo InsurTech’s relatively small market capitalization, major shareholding disclosures like this one, involving nearly 7% of voting rights, are highly significant for understanding ownership dynamics.

Regulatory Context for DTR 5 Major Shareholding Disclosures in UK-Listed Companies

The DTR 5 framework, overseen by the Financial Conduct Authority, mandates that any person holding or acquiring voting rights in a UK issuer must notify the issuer and FCA when crossing specified percentage thresholds. Notifications must be made promptly, no later than four trading days after the relevant event. Here, the threshold was crossed on 10 July 2026, with notification on 13 July 2026, consistent with regulatory timing and indicating no delay. The filing was completed in London, confirming jurisdiction.

For smaller listed companies, DTR 5 notifications are vital for market transparency, ensuring investors have equal access to material ownership information. A 6.992456% stake in a company like Ondo InsurTech Plc is a meaningful holding that, while below thresholds for board-level influence or takeover triggers, signals significant individual commitment. Should van den Bergh’s stake exceed 10%, further notification is required, and crossing 30% would invoke mandatory offer rules under the Takeover Code. The immediate share price impact from this announcement is not publicly available.

Absence of Previous Notification Position and Its Analytical Implications

This TR-1 notification notably omits any prior notification position in section 7 of the form. Under DTR 5, previous notification details are included if the shareholder has reported holdings before. The blank field suggests this may be van den Bergh’s first reportable threshold crossing or that prior holdings were below 3%, requiring no earlier notification. Alternatively, the position may have arisen in a single transaction moving directly above the threshold.

Without a prior position, it is unclear whether van den Bergh has gradually increased his stake or newly acquired it near the 6.99% level. The filing states the reason as acquisition or disposal but does not specify net direction. Investors tracking Ondo InsurTech Plc’s shareholder register will watch for future filings clarifying the stake’s trajectory. No intentions or forward guidance are disclosed, and any speculation on future moves would be premature.

Ownership Concentration Implications for Ondo InsurTech Plc Shareholders

In smaller UK-listed companies like Ondo InsurTech Plc, major shareholding notifications are especially significant because large individual stakes can materially affect the free float and trading liquidity. A nearly 7% holding represents a substantial equity commitment and may be among the largest individual stakes. Concentrated ownership can influence shareholder votes on board appointments, remuneration, share issuances, and other resolutions. Although van den Bergh’s stake is insufficient to block special resolutions (which require 75% approval), it carries meaningful weight in ordinary resolutions or low-turnout scenarios. Market observers will monitor how this stake interacts with other major shareholders as the company advances its connected home insurance technology strategy.

Sector Context: Insurtech Investment Trends and LeakBot’s Role in 2026

The insurtech sector has undergone recalibration following earlier investment surges, with increased emphasis on profitability and commercial validation. Companies like Ondo InsurTech Plc, offering IoT-enabled solutions that demonstrably reduce claims for insurer partners, aim to differentiate from software-only models. LeakBot addresses slow water leaks, a major driver of costly home insurance claims. This preventive technology appeals to insurers focused on claims frequency and severity reduction.

Within the UK home insurance market, regulatory and inflationary pressures heighten the appeal of prevention-focused insurtech products. The significant stake acquired by James van den Bergh, nearing 7%, may indicate confidence in Ondo InsurTech’s commercial prospects. However, the notification does not disclose motivations or management commentary. Strategic rationale assessment remains for investors based on public company information.

Risks Related to Ondo InsurTech Plc and the Shareholding Disclosure

Investing in smaller UK-listed companies like Ondo InsurTech Plc involves risks. The company operates in a competitive, evolving insurtech market where technology adoption by insurers depends on external factors such as regulatory changes, innovation budgets, and macroeconomic conditions affecting home insurance. Ondo InsurTech’s business relies on sustained insurer partnerships; disruptions could impact revenue. The notification does not include financial or commercial updates, consistent with its regulatory ownership focus.

From a shareholding perspective, concentration of nearly 7% in a single individual introduces ownership risk. Should van den Bergh reduce his stake, it could pressure share liquidity given typical trading volumes in smaller AIM or growth market stocks. Conversely, further accumulation could reduce free float and affect trading dynamics. These observations are based on public information and do not constitute investment advice.