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 | 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/.
| 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 | Options over ordinary shares ISIN IL0011809428
| ||||||
| (b) | Nature of the transaction | Exercise of Restricted Share Units, Issuance of Ordinary Shares | ||||||
| (c) | Price(s) and volume(s) |
| ||||||
| (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 | ||||||
| (f) | Place of the transaction | Outside a trading venue | ||||||
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