Windward Ltd. Vesting of Restricted Share Units and PDMR dealing

RNS Number : 1573O

Windward Ltd.

13 May 2024

Windward Ltd.

("Windward", "the Company")

Vesting of Restricted Share Units and PDMR dealing

Further to the announcement dated 29 September 2022, Windward (LON: WNWD), the leading Maritime AI company, announces that 3,594 Restricted Share Units ("RSU") granted to Company's CFO 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, 3,594 ordinary shares of NIS no nominal value in the capital of the Company ("Ordinary Shares") have been transferred to the Company's CFO, from IBI Trust Management out of the Pool Shares to satisfy the settlement of the 3,594 RSUs.

For more information, please contact:

Windward	Alma Strategic Communications
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 (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/.

Details of the person discharging managerial responsibilities/person closely associated

(a)

Name

Ofer Segev

Reason for the notification

(a)

Position/status

Executive Director (CFO)

(b)

Initial notification/Amendment

Initial notification

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

(a)

Name

Windward Ltd.

(b)

LEI

213800IZ6785SUZLHS86

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

Issuance of Ordinary Shares

(c)

Price(s) and volume(s)

Price(s)

Volume(s)

Nil

3,594

(d)

Aggregated information

- Aggregated volume

- Price

3,594

Nil

(e)

Date of the transaction

11 May 2024

(f)

Place of the transaction

Outside a trading venue

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