REG - Windar Photonics PLC - Director Dealing

Windar PhotonicsAnnouncement

29/11/2022 16:30

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RNS Number : 9774H  Windar Photonics PLC  29 November 2022

29 November 2022

 

Windar Photonics plc

 

("Windar" or the "Company")

 

Director Dealing

 

Windar Photonics plc (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 confirm that, further to the
announcement of the placing by the Company to raise approximately £2 million
(the "Placing") at a price of 15 pence per Placing Share (the "Issue Price"),
the Directors have subscribed for a total of 1,480,000 new Ordinary Shares in
the Company (the "Subscription Shares") pursuant to the Placing, as detailed
below (the "Directors' Participation").

 

Jørgen Korsgaard Jensen, CEO, has subscribed for 666,667 Subscription Shares
through the conversion of £100,000.05 loaned by him to the Company at the
Issue Price.

 

Johan Blach Petersen, Chairman, has subscribed for 413,333 Subscription Shares
through the conversion of accrued but unpaid fees owed to him by the Company
in the sum of £61,999.95 at the Issue Price.

 

Paul Hodges, Non-Executive Director, has subscribed for 400,000 Subscription
Shares for cash at the Issue Price.

 

The subsequent shareholdings of each of the Directors following these
transactions are as follows:

 

 Director                  Prior Shareholding  New Ordinary Shares  Subsequent Shareholding  % of Enlarged Share Capital of the Company

 Jørgen Korsgaard Jensen   4,983,197           666,667              5,649,864                8.28%
 Johan Blach Petersen      1,969,508           413,333              2,382,841                3.49%
 Paul Hodges               256,818             400,000              656,818                  0.96%

 

The Subscription Shares will be issued credited and full paid and will rank
pari passu in all respect with the Company's existing Ordinary Shares.
Application has been made to the London Stock Exchange for the Subscription
Shares to be admitted to trading on AIM ("Admission"). It is expected that
Admission will become effective and that trading will commence at or around
8.00 a.m. on 1 December 2022. The total issued share capital of the Company,
as increased by the Subscription Shares, immediately following Admission will
be 68,236,444 Ordinary Shares.

 

Related Party Opinion

 

The Director's Participation is deemed to be a related party transaction for
the purposes of the AIM Rules for Companies. On the basis that all the
Directors of the Company are participating in the Placing, the Company's
nominated adviser, Cenkos Securities plc, has considered the terms of the
Directors' Participation and has deemed that the terms of the subscription are
fair and reasonable insofar as the Shareholders are concerned.

 

For further information, please contact:

 

 Windar Photonics plc
 Jørgen Korsgaard Jensen, CEO                Tel:  +45 24234930

 Cenkos Securities plc (Nomad & Broker)
 Neil McDonald / Pete Lynch                  Tel:  0131 220 6939

 

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)

 

 1    Details of the person discharging managerial responsibilities ("PDMR") /

    person closely associated ("PCA")

 a)   Name                                                          Jørgen Korsgaard Jensen
 2    Reason for the notification
 a)   Position/status                                              Chief Executive Officer
 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                                    Subscription for New Ordinary Shares
 c)   Price(s) and volume(s)                                       666,667 ordinary shares

                                                                   15 pence per share

 d)   Aggregated information

      - Aggregated volume                                          N/A

      - Price

 e)   Date of the transaction                                      29 November 2022
 f)   Place of the transaction                                     London Stock Exchange (AIM: WPHO)

 

 1    Details of the person discharging managerial responsibilities ("PDMR") /

    person closely associated ("PCA")

 a)   Name                                                          Johan Blach Petersen
 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                                    Subscription for New Ordinary Shares
 c)   Price(s) and volume(s)                                       413,333 ordinary shares

                                                                   15 pence per share

 d)   Aggregated information

      - Aggregated volume                                          N/A

      - Price

 e)   Date of the transaction                                      29 November 2022
 f)   Place of the transaction                                     London Stock Exchange (AIM: WPHO)

 

 1    Details of the person discharging managerial responsibilities ("PDMR") /

    person closely associated ("PCA")

 a)   Name                                                          Paul 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                                    Subscription for New Ordinary Shares
 c)   Price(s) and volume(s)                                       400,000 ordinary shares

                                                                   15 pence per share

 d)   Aggregated information

      - Aggregated volume                                          N/A

      - Price

 e)   Date of the transaction                                      29 November 2022
 f)   Place of the transaction                                     London Stock Exchange (AIM: WPHO)

 

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