RNS Number : 4102K
Windward Ltd.
01 November 2024
 

1 November 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 16,719 Restricted Share Units ("RSU") granted to the Company's Executive Directors and Co-Founder and Head of US, 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, 16,719 ordinary shares of no nominal value in the capital of the Company ("Ordinary Shares") have been transferred to the 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 16,719 RSUs.  

 

For more information, please contact:

Alma Strategic Communications



+44(0)20 7523 8000


+44(0)20 3405 0205 


 

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/.

 

1

Details of the person discharging managerial responsibilities/person closely associated

(a)

Name

1)   Ami Daniel

 

2)   Matan Peled

 

3)   Ofer Segev

 

 

2

Reason for the notification

(a)

Position/status

1)   Executive Director (CEO)

 

2)   Co-Founder and Head of US

 

3)   Executive Director (CFO)

(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

Issuance of Ordinary Shares

(c)

Price(s) and volume(s)


Price(s)

Volume(s)

1

2

3

Nil

Nil

Nil

5,000

5,000

6,719

(d)

Aggregated information

-  Aggregated volume

-  Price

 

16,719

Nil

(e)

Date of the transaction

1           1 November 2024

2           1 November 2024

3           1 November 2024

(f)

Place of the transaction

Outside a trading venue

 

 

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