TIDMWNWD

RNS Number : 2166O

Windward Ltd.

02 October 2023

2 October 2023

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 17,968 Restricted Share Units ("RSU") granted to Ofer Segev has vested in accordance with the terms of the RSUs.

As set out in the announcement dated 8 December 2022, the Company issued a total of 2,000,000 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, 17,968 ordinary shares of NIS no nominal value in the capital of the Company ("Ordinary Shares") have been transferred to Ofer Segev from IBI Trust Management out of the Pool Shares to satisfy the settlement of the 17,968 RSUs.

For more information, please contact:

 
Windward                               Via Alma PR 
Irit Singer, CMO 
 
Canaccord Genuity (Nominated Adviser 
 & Broker)                             +44(0)20 7523 8000 
Simon Bridges / Andrew Potts 
Alma PR                                +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 360deg 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 
  1     closely associated 
 (a)   Name                              Ofer Segev 
      --------------------------------  ---------------------------------------- 
       Reason for the notification 
  2 
      -------------------------------------------------------------------------- 
 (a)   Position/status                   Chief Financial Officer 
      --------------------------------  ---------------------------------------- 
 (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                               213800RP7B4UJ1DDKY67 
      --------------------------------  ---------------------------------------- 
       Details of the transaction(s): section to be repeated for 
  4     (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                 Options over ordinary shares 
        instrument, type of instrument               ISIN IL0011809428 
        Identification code 
      --------------------------------  ---------------------------------------- 
 (b)   Nature of the transaction         Exercise of Restricted 
                                          Share Units, Issuance of 
                                          Ordinary Shares 
      --------------------------------  ---------------------------------------- 
 (c)   Price(s) and volume(s)              Price(s)    Volume(s) 
                                            Nil         17,968 
      --------------------------------  ---------------------------------------- 
 (d)   Aggregated information 
        - Aggregated volume                17,968 
        - Price                            Nil 
      --------------------------------  ---------------------------------------- 
 (e)   Date of the transaction           1 October 2023 
      --------------------------------  ---------------------------------------- 
 (f)   Place of the transaction          Outside a trading venue 
      --------------------------------  ----------------------------------------

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October 02, 2023 02:00 ET (06:00 GMT)

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