REG - Windar Photonics PLC - Issue of Equity in Lieu of Non-Executive Fees

Windar PhotonicsAnnouncement

26/03/2026 13:30

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RNS Number : 3165Y  Windar Photonics PLC  26 March 2026

26 March 2026

 

Windar Photonics plc

("Windar" or the "Company")

 

 

Issue of Equity in Lieu of Non-Executive Director 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 358,944 new ordinary shares of £0.01 each ("Shares") to settle
certain Non-Executive Director fees due in respect of the 12 months to 31
December 2025. The issue prices of the Shares varied between 43.0 and 53.3
pence per Share depending on the contract of the respective director. The
strike price of 53.3 pence per Share was the 12 month volume weighted average
price for the 12 months ended 31 December 2025.

 

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

 

                  Fees due   Strike Price  Number of Shares  Shareholding on Admission  % Shareholding on Admission
 David Lis        £100,000   0.533         187,617           2,208,601                  2.28%
 Paul Hodges      £25,000    0.533         46,904            2,879,180                  2.98%
 Gavin Manson     £25,000    0.533         46,904            531,743                    0.55%
 Andreas Nielsen  £33,333    0.430         77,519            99,019                     0.10%
 Total            £183,333                 358,944

 

 

Total voting rights

 

Application will be made for the admission of the Shares to trading on AIM,
which is expected to become effective at 8am on or about 31 March 2026
("Admission").

 

Immediately following Admission the Company will have 96,726,770 Shares in
issue. The Company does not hold any shares in treasury and all of the Shares
have equal voting rights. Therefore, the figure above represents 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
 David Lis, Interim Executive Chairman  Via Novella

 Søren Belmar, COO/CFO                  Tel: +45 53527276

 Zeus Capital Limited

 Nominated Adviser & Broker
 David Foreman / James Bavister         Tel: +44 (0) 20 3829 5000

 Novella Communications
 Tim Robertson / Aeliya Bilgrami        Tel: +44 (0) 20 3151 7008

 

 

 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: 187,617 ordinary shares

                                                                   Price: 53.30 pence

 d)   Aggregated information

      - Aggregated volume                                          N/A

      - Price

 e)   Date of the transaction                                      25 March 2026
 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                                                          Andreas Berg Nielsen
 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: 77,519 ordinary shares

                                                                   Price: 43 pence

 d)   Aggregated information

      - Aggregated volume                                          N/A

      - Price

 e)   Date of the transaction                                      25 March 2026
 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: 46,904 ordinary shares

                                                                   Price: 53.30 pence

 d)   Aggregated information

      - Aggregated volume                                          N/A

      - Price

 e)   Date of the transaction                                      25 March 2026
 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 lieu of fees
 c)   Price(s) and volume(s)                                       Volume: 46,904 ordinary shares

                                                                   Price: 53.30 pence

 d)   Aggregated information

      - Aggregated volume                                          N/A

      - Price

 e)   Date of the transaction                                      25 March 2026
 f)   Place of the transaction                                      Outside of a trading venue

 

 

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