Vesting of Restricted Share Units and PDMR dealing

Windward Ltd.

01 February 2024

 

01 February 2024

Windward Ltd.

("Windward", "the Company") 

Vesting of Restricted Share Units and PDMR dealing

Further to the announcement dated 22 February 2023, Windward (LON: WNWD), the leading Maritime AI company, announces that 52,500 Restricted Share Units ("RSU") granted to Company's Executive Directors and Co-Founder and Head of US, has 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, 52,500 ordinary shares of NIS 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 52,500 RSUs.  

For more information, please contact:

Windward	Via Alma
Irit Singer, CMO
Canaccord Genuity (Nominated Adviser & Broker)	[phone]
Simon Bridges / Andrew Potts
Alma Strategic Communications​	[phone]
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/.

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	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 Identification code	Options over ordinary shares 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 2 3 Nil Nil Nil 20,000 20,000 12,500
(d)	Aggregated information -  Aggregated volume -  Price	52,500Nil
(e)	Date of the transaction	1           1 February 2024 2           1 February 2024 3           1 February 2024
(f)	Place of the transaction	Outside a trading venue

 

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