31st Dec 2024 08:30
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) | +44(0)20 7523 8000 |
Simon Bridges / Andrew Potts
| |
Alma Strategic Communications | +44(0)20 3405 0205 |
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
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(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) |
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(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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