REG - Windar Photonics PLC - Change of Nominated Adviser & Director Appointment

Windar PhotonicsAnnouncement

19/12/2022 07:00

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RNS Number : 0765K  Windar Photonics PLC  19 December 2022

WINDAR PHOTONICS PLC

("Windar", the "Company" or the "Group")

 

Change of Nominated Adviser and Director Appointment

 

Change of Nomindated Adviser

Windar (AIM:WPHO), the technology group that has developed a cost efficient
and innovative LiDAR wind sensor for use on electricity generating wind
turbines, is pleased to announce that it has appointed WH Ireland Limited as
the Company's Nominated Adviser and Corporate Broker with immediate effect.

Director appointment

Windar is also pleased to announce that Andrew ('Andy') John Richardson has
been appointed as an Independent Non-Executive Director of the Company.

Andy Richardson is an experienced non-executive chairman, director and board
adviser with a strong track record in business transformation, scale-up and
international development in quoted, private equity and family office
ownership structures. Andy has a history of success, on an international
scale, in the manufacturing sector, among others businesses involved in the
Automotive, Medical Devices, Aerospace, Engines, and Building Products
sectors.

Andy holds a Master of Arts and a Master of Engineering degree from Cambridge
University.

The AIM Rules paragraph (g) of Schedule Two disclosures relating to Andy
Richardson are set out at the end of the announcement.

Jørgen Korsgaard Jensen, Chief Executive Officer, comments: "We're delighted
to appoint WH Ireland Limited as our Nominated Adviser and Corporate Broker.
Given the strong order intake during the past many months, the Company is
entering 2023 with an order backlog matching our manufacturing capacity for
the first half of 2023. Given this situation, the focus within the Company is
shifting towards activities regarding scaling up of our manufacturing capacity
both internally and with suppliers. In this regard I am very pleased to
announce that Andy has accepted to join the board of Windar bringing his vast
experience within technical and manufacturing areas."

 

This announcement contains inside information for the purposes of Article 7 of
the UK version of Regulation (EU) No 596/2014 which is part of UK law by
virtue of the European Union (Withdrawal) Act 2018, as amended ("MAR"). Upon
the publication of this announcement via a Regulatory Information Service,
this inside information is now considered to be in the public domain.

This announcement was approved for release by the Jørgen Korsgaard Jensen,
Chief Executive Officer.

 For further information:
 Windar Photonics plc                     Tel:  +45 24234930

 Jørgen Korsgaard Jensen, CEO                                              Tel:  +45 2423 4930

 WH Ireland Limited (Nomad & Broker)      Tel:  0131 220 6939

 Chris Fielding / Megan Liddell

                                                                           Tel:  +44 20 7220 1666

 

Tel:  +45 2423 4930

 

 

Tel:  +44 20 7220 1666

 

 

Notes to Editors:

Windar Photonics is a technology group that develops cost-efficient and
innovative Light Detection and Ranging ("LiDAR") optimisation systems for use
on electricity generating wind turbines. LiDAR wind sensors in general are
designed to remotely measure wind speed and direction.

http://investor.windarphotonics.com (http://investor.windarphotonics.com/)

 

AIM Rules paragraph (g) of Schedule Two disclosures relating to a director
appointment

Andrew John Richardson, age 58, is or has during the last five years been a
director or partner of the following companies and partnerships:

 Current Directorships:      Past Directorships in the last five years:

 Aspire Companies Ltd        ARC Overseas Limited

 Tusox Ltd                   Arc Specialist Engineering Management Company Limited

                             ARC Specialist Engineering Properties Limited

                             Boddingtons Plastics Limited

                             Buncher and Haseler Limited

                             Cooper Coated Coil Holdings Limited

                             Cooper Coated Coil Investments Limited

                             Cooper Coated Coil Limited

                             Cooper Coated Coil Management Limited

                             EWS (Manufacturing) Limited

                             House BI Limited

                             House KTP Limited

                             Manor Farm (Elkstone) Residents Association Limited

                             MGS Precision Limited

                             MRX Dormant Company Limited

                             MRX Dormant Company Two Limited

                             MRX Dormant Company Three limited

                             MRX Dormant Company Seven Limited

                             Stylex Auto Products Limited

                             Toolspec Manufacturing Company Limited

                             Tube Bend Form International Ltd

                             Vector Industries Limited

                             XL Precision Technologies Limited

Andy Richardson was a director of Stylex Auto Products Limited from 6 August
2019 to 30 November 2021 which was put into administration on 12 June 2020 due
to conditions relating to COVID-19. Administrators have been appointed and the
process is ongoing.

Andy was also a director of Down & Francis Industrial Products Limited
from 16 July 2008 to 11 July 2013. The company was put into administration on
2 April 2013 and subsequently dissolved following liquidation on 7 June 2014.
The total net liabilities to unsecured creditors was £2,000 and related to an
intercompany creditor.

 

Andy Richardson does not hold any ordinary shares in the Company.

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