REG - Windward Ltd. - Acquisition Completion, Cancellation of Admission

WindwardAnnouncement

18/03/2025 09:15

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RNS Number : 1082B  Windward Ltd.  18 March 2025

FOR IMMEDIATE RELEASE.

 

18 March 2025

Windward Ltd.

("Windward" or the "Company")

Completion of Acquisition and Cancellation of Admission

Windward (LSE: WNWD), a leading Maritime AI™ company, is pleased to announce
that the Acquisition has become effective following receipt of the merger
certificate from the Israeli Companies Registrar in accordance with the
Israeli Companies Law. Cancellation of the Company's shares from admission to
trading on AIM will therefore become effective at 7.00 a.m. tomorrow, 19 March
2025.

Following completion of the Acquisition, the Company is now a wholly-owned
subsidiary of Octopus UK Bidco Limited.

Capitalised terms used in this announcement have the meaning given to them in
Windward's announcement of 24 December 2024, unless the context requires
otherwise.

- Ends -

 

For more information, please contact:

 Windward Ltd.                               via Alma
 Ami Daniel, Chief Executive Officer
 Irit Singer, Chief Marketing Officer
 Goldman Sachs                               +44(0)20 7774 1000
 (Financial adviser to Windward)
 Chris Emmerson, Managing Director
 Daniel Krinsky, Managing Director
 Canaccord Genuity                           +44(0)20 7523 8000
 (Nominated adviser and broker to Windward)
 Simon Bridges
 Andrew Potts
 Alma Strategic Communications               +44(0)20 3405 0205
 Caroline Forde                              windward@almastrategic.com
 Kieran Breheny

 

About Windward

Windward (https://windward.ai/)  (LSE:WNWD), is a leading Maritime AI™
company, providing an all-in-one platform to accelerate global trade.
Windward's end-to-end AI-powered software solution aims to provide real time
information and insights on vessels and activities at sea, enabling
stakeholders within the maritime eco-system to make intelligence-driven
decisions to manage risk and achieve business and operational efficiency.

Windward's Maritime AI supports companies across industries. The company's
clients range from oil supermajors, freight forwarders, and port authorities,
to banks, shippers, insurers, and governmental organizations.

For more information visit: https://windward.ai/ (https://windward.ai/) .

 

IMPORTANT NOTICE

Goldman Sachs Israel LLC, Tel Aviv Branch ("Goldman Sachs") is acting
exclusively for Windward as its financial adviser and no one else in
connection with the Acquisition and other matters referred to in this
announcement and will not be responsible to anyone other than Windward for
providing the protections afforded to clients of Goldman Sachs or for
providing advice in connection with the Acquisition or any other matter or
arrangement referred to in this announcement.

Canaccord Genuity Limited ("Canaccord Genuity"), which is authorised and
regulated in the United Kingdom by the Financial Conduct Authority, is acting
exclusively for Windward as its nominated adviser and broker and no one else
in connection with the Acquisition and will not be responsible to anyone other
than Windward for providing the protections afforded to clients of Canaccord
Genuity or for providing advice in connection with the Acquisition or any
other matter or arrangement referred to in this announcement.

If you are in any doubt about the contents of this announcement or the action
you should take, you are recommended to seek your own independent financial
advice immediately from your stockbroker, bank manager, solicitor or
independent financial adviser duly authorised under the Financial Services and
Markets Act 2000 (as amended) if you are resident in the United Kingdom or, if
not, from another appropriately authorised independent financial adviser.

 

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