Issue of Equity in Lieu of Directors' Fees

Windar Photonics

26/02/2025 12:41

RNS Number : 5735Y

Windar Photonics PLC

26 February 2025

 

26 February 2025

 

Windar Photonics plc

("Windar" or the "Company")

 

 

Issue of Equity in Lieu of Directors' Fees

 

 

Windar Photonics plc (AIM: WPHO), the technology group that has developed a LiDAR wind sensor and software suite designed to monitor and optimise wind turbine performance across multiple turbine platforms, today announces that it has issued 329,956 new ordinary shares of £0.01 each ("Shares") at a price of 44.43 pence per Share (the "Issue Price") to settle Non-Executive Director fees due in respect of the 12 months to 31 December 2024. The Issue Price is calculated as the average of the Company's closing mid-market share price on the final business day of each calendar month between 1 January 2024 and 31 December 2024.

 

Details of the Shares issued and the fees settled are as follows:

 

Fees due
Number ofShares
Shareholding on Admission
% Shareholding on Admission
David Lis
£86,600
194,913
2,020,984
2.10%
Paul Hodges
£25,000
56,268
3,526,586
3.66%
Gavin Manson*
£25,000
56,268
484,839
0.50%
Andy Richardson
£10,000
22,507
72,507
0.08%
Total
£146,600
329,956


 

*Additional fees were charged by a company related to Gavin Manson for temporary executive services in addition to his fees as a non executive director. These additional fees were settled in cash and do not form part of this transaction.

 

Total voting rights

 

Application will be made for the admission of the Shares to trading on AIM, which is expected to become effective on or about 28 February 2025 ("Admission").

 

Immediately following Admission the Company will have 96,367,826 Shares in issue. The Company does not hold any shares in treasury and all of the Shares have equal voting rights. Therefore, the figures above represent the total voting rights in the Company and may be used by shareholders as the denominator for the calculations by which they can determine if they are required to notify their interest in, or a change to their interest in the Company under the FCA's Disclosure Guidance and Transparency Rules.

 

 

For further information, please contact:

 

Windar Photonics plc
Jørgen Korsgaard Jensen, CEO
Gavin Manson, Director
Tel: +45 24234930
Grant Thornton UK LLP
Nominated Adviser
Philip Secrett / Harrison Clarke / Elliot Peters
Tel: +44 (0) 20 7383 5100
Dowgate Capital Limited
Broker
James Serjeant / Russell Cook
Tel: +44 (0) 20 3903 7715

 

 

1
Details of the person discharging managerial responsibilities ("PDMR") / person closely associated ("PCA")
a)
Name
David Lis
2
Reason for the notification
a)
Position/status
Non-Executive Chairman
b)
Initial notification /Amendment
Initial notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Windar Photonics plc
b)
LEI
2138003JZZMKJGOOCR02
4
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)
Description of the financial instrument, type of instrument
Ordinary shares of 1 pence each
Identification code
GB00BTFR4F17
b)
Nature of the transaction
Issue of New Ordinary Shares in lieu of fees
c)
Price(s) and volume(s)
Volume: 194,913 ordinary shares
Price: 44.43 pence
d)
Aggregated information
- Aggregated volume
N/A
- Price
e)
Date of the transaction
26 February 2025
f)
Place of the transaction
Outside of a trading venue

 

1
Details of the person discharging managerial responsibilities ("PDMR") / person closely associated ("PCA")
a)
Name
Andrew ("Andy") John Richardson
2
Reason for the notification
a)
Position/status
Non-Executive Director
b)
Initial notification /Amendment
Initial notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Windar Photonics plc
b)
LEI
2138003JZZMKJGOOCR02
4
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)
Description of the financial instrument, type of instrument
Ordinary shares of 1 pence each
Identification code
GB00BTFR4F17
b)
Nature of the transaction
Issue of New Ordinary Shares in lieu of fees
c)
Price(s) and volume(s)
Volume: 22,507 ordinary shares
Price: 44.43 pence
d)
Aggregated information
- Aggregated volume
N/A
- Price
e)
Date of the transaction
26 February 2025
f)
Place of the transaction
Outside of a trading venue

 

1
Details of the person discharging managerial responsibilities ("PDMR") / person closely associated ("PCA")
a)
Name
Paul Joseph Hodges
2
Reason for the notification
a)
Position/status
Non-Executive Director
b)
Initial notification /Amendment
Initial notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Windar Photonics plc
b)
LEI
2138003JZZMKJGOOCR02
4
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)
Description of the financial instrument, type of instrument
Ordinary shares of 1 pence each
Identification code
GB00BTFR4F17
b)
Nature of the transaction
Issue of New Ordinary Shares in lieu of fees
c)
Price(s) and volume(s)
Volume: 56,268 ordinary shares
Price: 44.43 pence
d)
Aggregated information
- Aggregated volume
N/A
- Price
e)
Date of the transaction
26 February 2025
f)
Place of the transaction
Outside of a trading venue

 

1
Details of the person discharging managerial responsibilities ("PDMR") / person closely associated ("PCA")
a)
Name
Gavin Manson
2
Reason for the notification
a)
Position/status
Executive Director
b)
Initial notification /Amendment
Initial notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Windar Photonics plc
b)
LEI
2138003JZZMKJGOOCR02
4
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)
Description of the financial instrument, type of instrument
Ordinary shares of 1 pence each
Identification code
GB00BTFR4F17
b)
Nature of the transaction
Issue of New Ordinary Shares in leui of fees
c)
Price(s) and volume(s)
Volume: 56,268 ordinary shares
Price: 44.43 pence
d)
Aggregated information
- Aggregated volume
N/A
- Price
e)
Date of the transaction
26 February 2025
f)
Place of the transaction
Outside of a trading venue

 

 

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