Vesting of RSUs, PDMR dealing and issue of shares

Windward Ltd.

31 December 2024

 

 31 December 2024

Windward Ltd.

("Windward", "the Company") 

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

Further to the announcement dated 18 April 2024, Windward (LON: WNWD), the leading Maritime AI company, announces that the 177,274 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 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, 177,274 ordinary shares 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 177,274  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 (LON:WNWD), , a publicly-traded company on the London Stock Exchange, is a leading Maritime AI company,  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. For more information visit 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. Claire Perry O'Neill
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	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 Identification code	RSUs ISIN IL0011809428
(b)	Nature of the transaction	Vesting of restricted stock units
(c)	Price(s) and volume(s)	Price(s) Volume(s) 1 Nil 68,182 2 Nil 27,273 3 Nil 27,273 4 Nil 27,273 5 Nil 27,273
(d)	Aggregated information -  Aggregated volume -  Price	177,274 Nil
(e)	Date of the transaction	1    31 December 2024 2    31 December 2024 3    31 December 2024 4    31 December 2024 5    31 December 2024
(f)	Place of the transaction	Outside a trading venue

 

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