WNWD Windward Ltd

27 August 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 16,718 Restricted Share Units ("RSU") granted to 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, 16,718 ordinary shares of NIS 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 16,718 RSUs.  

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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/.