REG - Windward Ltd. - Vesting of Restricted Share Units and PDMR dealing

WindwardAnnouncement

02/04/2024 07:00

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RNS Number : 8295I  Windward Ltd.  02 April 2024

02 April 2024

 

Windward Ltd.

("Windward", "the Company")

Vesting of Restricted Share Units and PDMR dealing

Further to the announcement dated 22 February 2023, Windward
(https://windward.ai/)  (LON: WNWD), the leading Maritime AI
company, announces that 327,026 Restricted Share Units ("RSU") granted to Ami
Daniels, Ofer Segev and Matan Peled, the Company's CEO, CFO and Co-Founder and
Head of US respectively, have vested in accordance with the terms of the
On-target Bonus for 2023 which is paid: 50% in cash, 50% in the form of RSUs.

As set out in the announcement dated 16 February 2024, the Company issued a
total of 3,000,000 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, 327,026 ordinary shares of no nominal value in the capital
of the Company ("Ordinary Shares") have been transferred to Company's
Executive Directors and Head of US Business and Co-Founder, from IBI Trust
Management out of the Pool Shares to satisfy the settlement of the 327,026
RSUs.

 

For more information, please contact:

 

 Windward                                             Alma Strategic Communications
 Irit Singer, CMO

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

 Alma Strategic Communications                        +44(0)20 3405 0205
 Caroline Forde / Kieran Breheny

 

About Windward

Windward (LSE:WNWD), a publicly-traded company on the London Stock Exchange,
is a leading Maritime AI company, enabling organisations 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. For more information visit:
https://windward.ai/ (https://windward.ai/) .

 

 1    Details of the person discharging managerial responsibilities/person closely
      associated
 (a)  Name                                                         1)   Ami Daniel

                                                                   2)   Matan Peled

                                                                   3)   Ofer Segev
 2    Reason for the notification
 (a)  Position/status                                              1)   Executive Director (CEO)

                                                                   2)   Co-Founder and Head of US

                                                                   3)   Executive Director (CFO)
 (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                                                          213800IZ6785SUZLHS86
 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

      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       173,611

                                                                   2 Nil       80,541

                                                                   3 Nil       72,874
 (d)  Aggregated information

      -  Aggregated volume                                         327,026

      -  Price                                                     Nil
 (e)  Date of the transaction                                      1           31 March 2024

                                                                   2           31 March 2024

                                                                   3           31 March 2024
 (f)  Place of the transaction                                     Outside a trading venue

(d)

Aggregated information

-  Aggregated volume

-  Price

 

327,026

Nil

(e)

Date of the transaction

1           31 March 2024

 

2           31 March 2024

 

3           31 March 2024

(f)

Place of the transaction

Outside a trading venue

 

 

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