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 (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
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Alma Strategic
Communications
|
|
Irit Singer, CMO
|
|
|
|
|
|
Canaccord Genuity (Nominated Adviser &
Broker)
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+44(0)20 7523 8000
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Simon Bridges / Andrew
Potts
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Alma Strategic Communications
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+44(0)20 3405 0205
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Caroline Forde / Kieran
Breheny
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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/.
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1
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Details of the person discharging managerial
responsibilities/person closely associated
|
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(a)
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Name
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1) Ami Daniel
2) Matan
Peled
3) Ofer Segev
|
|
2
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Reason for the notification
|
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(a)
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Position/status
|
1) Executive Director
(CEO)
2) Co-Founder and Head
of US
3) Executive Director
(CFO)
|
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(b)
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Initial
notification/Amendment
|
Initial notification
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3
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Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
|
|
(a)
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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
|
Options over ordinary
shares
ISIN IL0011809428
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(b)
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Nature of the transaction
|
Exercise of Restricted Share Units,
Issuance of Ordinary Shares
|
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(c)
|
Price(s) and volume(s)
|
|
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Price(s)
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Volume(s)
|
|
1
2
3
|
Nil
Nil
Nil
|
173,611
80,541
72,874
|
|
|
(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
|
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(f)
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Place of the transaction
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Outside a trading venue
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