REG - Windward Ltd. - AGM Statement

WindwardAnnouncement

11/05/2022 07:01

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20220511:nRSK9856Ka&default-theme=true

RNS Number : 9856K  Windward Ltd.  11 May 2022

11 May 2022

 

Windward Ltd.

("Windward", "the Company")

 

AGM Statement

 

Lord Browne of Madingley and Chairman of Windward Ltd., provides the following
trading update in advance of the Annual General Meeting to be held today at
11.00 a.m. BST at the offices of Fladgate LLP, 16 Great Queen Street, London,
WC2B 5DG.

 

"I am pleased to report on an exceptional start to the year, building on the
successes of 2021. We have continued to widen our customer base, expanded the
use of our platform with existing customers, invested in our team, and
launched three new capabilities. As a result, I am pleased to confirm that
Annual Contract Value (ACV) is growing in line with the Board's expectations
for this point in the year. Our cash position remains strong, providing us
with the funds to deliver on our growth ambitions.

 

We are committed to providing our customers with the utmost visibility during
these turbulent times,  increasing the scope of our platform so they can
continue to conduct business with confidence. The year has seen the launch of
three new capabilities, addressing key issues in maritime trade. Our "Russia"
Sanctions Compliance solution, our Ocean Freight Visibility solution, and our
new non-maritime counterparty due diligence capabilities, which enable
customers to go beyond the maritime ecosystem and screen all companies and
individuals, both maritime and non-maritime.

 

We believe that the global maritime industry has changed, requiring a new
level of analysis and insight across both the government and commercial
sectors. Our platform provides a unique solution and an efficient approach.
With this in mind, the Board looks to the future with confidence and expects
to deliver results for the year in line with market expectations."

 

Attendance at the AGM

 

Further to the Notice of Annual General Meeting issued by the Company on 11
April 2022, the Company has arranged for a video conference facility to allow
shareholders to follow proceedings at the AGM remotely. The video conference
facility will be listen only, other than for Directors (if any attend
remotely). Shareholders interested in following proceedings at the AGM
remotely through this facility are invited to contact the Company by email at
legal@ (mailto:legal@wnwd.com) wnwd.com (mailto:legal@wnwd.com) by no later
than 10:00 a.m. BST today, 11 May 2022, in order to receive personalised
conference call details.

 

As set out in the Company's Notice of AGM, connecting to the AGM via a video
conference facility will not amount to attending the AGM and shareholders will
not be able to vote via the video conference facility.

 

 

For more information, please contact:

 Windward Ltd.                                       Via Alma PR
 Irit Singer, CMO

 Canaccord Genuity (Nominated Adviser & Broker)      +44(0)20 7523 8000
 Simon Bridges / Andrew Potts

 Alma PR                                             +44(0)20 3405 0205
 Caroline Forde / Kieran Breheny / Hilary Buchanan

 

About Windward

Windward (LON:WNWD), is the leading Predictive Intelligence company fusing AI
and big data to digitalize the global maritime industry, enabling
organizations to achieve business and operational readiness. Windward's
AI-powered solution allows stakeholders including banks, commodity traders,
insurers, and major energy and shipping companies to make real time,
predictive intelligence-driven decisions, providing a 360° view of the
maritime ecosystem and its broader impact on safety, security, finance, and
business. The company is publicly traded on the London Stock Exchange, For
more information visit windward.ai (https://windward.ai/) .

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  AGMBXGDURBBDGDG