Windward Regulatory News (WNWD)

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:

 

 

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/.