REG - Windward Ltd. - Restricted Share Units/PDMR dealing/Shares Issue

WindwardAnnouncement

16/02/2023 11:00

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20230216:nRSP1724Qa&default-theme=true

RNS Number : 1724Q  Windward Ltd.  16 February 2023

16 February 2023

 

Windward Ltd.

("Windward", "the Company")

Vesting of Restricted Share Units, PDMR dealing and issue of new ordinary
shares

Further to the announcement dated 29 September 2022, Windward
(https://windward.ai/)  (LON: WNWD), the leading Maritime AI
company, announces that the 125,807 Restricted Share Units ("RSU") granted to
the Chairman and the Non-Executive Directors have vested in accordance with
the terms of the RSUs.

As set out in the announcement dated 8 December 2022, the Company issued a
total of 2,000,000 Ordinary Shares to IBI Trust Management (the "Pool
Shares"). The Pool Shares are held in trust by IBI Trust Management solely to
be used to satisfy exercise of options and/or vesting of restricted stock
units. Accordingly, 125,807 ordinary shares of NIS 0.002 each in the capital
of the Company ("Ordinary Shares") have been transferred to the Chairman and
the Non-Executive Directors from IBI Trust Management out of the Pool Shares
to satisfy the settlement of the 125,807 RSUs.

 

For more information, please contact:

 

 Windward                                             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/) .

 

 1    Details of the person discharging managerial responsibilities/person closely
      associated
 (a)  Name                                                         1. Lord Browne of Madingley

                                                                   2. Guy Mason

                                                                   3. Stuart Kilpatrick

                                                                   4. Tom Hutton

                                                                   5. Shereen Zarkani
 2    Reason for the notification
 (a)  Position/status                                              1. Non-Executive Chairman

                                                                   2. Non-Executive Director

                                                                   3. Non-Executive Director

                                                                   4. Non-Executive Director

                                                                   5. 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                                                         Windward Ltd.
 (b)  LEI                                                          213800RP7B4UJ1DDKY67
 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  Options over ordinary shares of NIS 0.002 each

      Identification code                                          ISIN IL0011809428

 (b)  Nature of the transaction                                    Exercise of Restricted Share Units, Issuance of Ordinary Shares
 (c)  Price(s) and volume(s)                                       Price(s)  Volume(s)
                                                                   1 Nil       48,387
                                                                   2 Nil       19,355
                                                                   3 Nil       19,355
                                                                   4 Nil       19,355
                                                                   5 Nil       19,355
 (d)  Aggregated information

      -  Aggregated volume                                         125,807

      -  Price                                                     Nil
 (e)  Date of the transaction                                      1    23 January 2023

                                                                   2    23 January 2023

                                                                   3    23 January 2023

                                                                   4    23 January 2023

                                                                   5    23 January 2023
 (f)  Place of the transaction                                     Outside a trading venue

(d)

Aggregated information

-  Aggregated volume

-  Price

 

125,807

Nil

(e)

Date of the transaction

1    23 January 2023

2    23 January 2023

3    23 January 2023

4    23 January 2023

5    23 January 2023

(f)

Place of the transaction

Outside a trading venue

 

 

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  DSHUNVRRORUUAAR