Restricted Share Units/PDMR dealing/Shares Issue

Windward Ltd.

02 January 2024

 

2 January 2024

Windward Ltd.

("Windward", "the Company") 

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

Further to the announcement dated 22 February 2023, Windward (LON: WNWD), the leading Maritime AI company, announces that the 354,543 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, 354,543 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 354,543 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. 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 Identification code	Options over ordinary shares ISIN IL0011809428
(b)	Nature of the transaction	Vesting of restricted stock units
(c)	Price(s) and volume(s)	Price(s) Volume(s) 1 Nil 136,363 2 Nil 54,545 3 Nil 54,545 4 Nil 54,545 5 Nil 54,545
(d)	Aggregated information -  Aggregated volume -  Price	354,543 Nil
(e)	Date of the transaction	​​​1    31 December 2023 2    31 December 2023 3    31 December 2023 4    31 December 2023 5    31 December 2023
(f)	Place of the transaction	Outside a trading venue

 

END