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WINDAR PHOTONICS PLC
Remuneration Information • Feb 26, 2025
8022_rns_2025-02-26_f360a170-50eb-4d71-8b80-5796b8372cee.html
Remuneration Information
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National Storage Mechanism | Additional information 
RNS Number : 5735Y
Windar Photonics PLC
26 February 2025
26 February 2025
Windar Photonics plc
("Windar" or the "Company")
Issue of Equity in Lieu of Directors' Fees
Windar Photonics plc (AIM: WPHO), the technology group that has developed a LiDAR wind sensor and software suite designed to monitor and optimise wind turbine performance across multiple turbine platforms , today announces that it has issued 329,956 new ordinary shares of £0.0 1 each ("Shares") at a price of 44.43 pence per Share (the "Issue Price") to settle Non-Executive Director fees due in respect of the 12 months to 31 December 2024. The Issue Price is calculated as the average of the Company's closing mid-market share price on the final business day of each calendar month between 1 January 2024 and 31 December 2024.
Details of the Shares issued and the fees settled are as follows:
| Fees due | Number of Shares | Shareholding on Admission | % Shareholding on Admission | |
| David Lis | £86,600 | 194,913 | 2,020,984 | 2.10% |
| Paul Hodges | £25,000 | 56,268 | 3,526,586 | 3.66% |
| Gavin Manson* | £25,000 | 56,268 | 484,839 | 0.50% |
| Andy Richardson | £10,000 | 22,507 | 72,507 | 0.08% |
| Total | £146,600 | 329,956 |
*Additional fees were charged by a company related to Gavin Manson for temporary executive services in addition to his fees as a non executive director. These additional fees were settled in cash and do not form part of this transaction.
Total voting rights
Application will be made for the admission of the Shares to trading on AIM, which is expected to become effective on or about 28 February 2025 ("Admission").
Immediately following Admission the Company will have 96,367,826 Shares in issue. The Company does not hold any shares in treasury and all of the Shares have equal voting rights. Therefore, the figures above represent the total voting rights in the Company and may be used by shareholders as the denominator for the calculations by which they can determine if they are required to notify their interest in, or a change to their interest in the Company under the FCA's Disclosure Guidance and Transparency Rules.
For further information, please contact:
| Windar Photonics plc | |
| Jørgen Korsgaard Jensen, CEO Gavin Manson, Director |
Tel: +45 24234930 |
| Grant Thornton UK LLP Nominated Adviser |
|
| Philip Secrett / Harrison Clarke / Elliot Peters | Tel: +44 (0) 20 7383 5100 |
| Dowgate Capital Limited Broker |
|
| James Serjeant / Russell Cook | Tel: +44 (0) 20 3903 7715 |
| 1 | Details of the person discharging managerial responsibilities ("PDMR") / person closely associated ("PCA") | |
| a) | Name | David Lis |
| 2 | Reason for the notification | |
| a) | Position/status | Non-Executive Chairman |
| b) | Initial notification /Amendment | Initial notification |
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |
| a) | Name | Windar Photonics plc |
| b) | LEI | 2138003JZZMKJGOOCR02 |
| 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 | Ordinary shares of 1 pence each |
| Identification code | GB00BTFR4F17 | |
| b) | Nature of the transaction | Issue of New Ordinary Shares in lieu of fees |
| c) | Price(s) and volume(s) | Volume: 194,913 ordinary shares Price: 44.43 pence |
| d) | Aggregated information | |
| - Aggregated volume | N/A | |
| - Price | ||
| e) | Date of the transaction | 26 February 2025 |
| f) | Place of the transaction | Outside of a trading venue |
| 1 | Details of the person discharging managerial responsibilities ("PDMR") / person closely associated ("PCA") | |
| a) | Name | Andrew ("Andy") John Richardson |
| 2 | Reason for the notification | |
| a) | Position/status | Non-Executive Director |
| b) | Initial notification /Amendment | Initial notification |
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |
| a) | Name | Windar Photonics plc |
| b) | LEI | 2138003JZZMKJGOOCR02 |
| 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 | Ordinary shares of 1 pence each |
| Identification code | GB00BTFR4F17 | |
| b) | Nature of the transaction | Issue of New Ordinary Shares in lieu of fees |
| c) | Price(s) and volume(s) | Volume: 22,507 ordinary shares Price: 44.43 pence |
| d) | Aggregated information | |
| - Aggregated volume | N/A | |
| - Price | ||
| e) | Date of the transaction | 26 February 2025 |
| f) | Place of the transaction | Outside of a trading venue |
| 1 | Details of the person discharging managerial responsibilities ("PDMR") / person closely associated ("PCA") | |
| a) | Name | Paul Joseph Hodges |
| 2 | Reason for the notification | |
| a) | Position/status | Non-Executive Director |
| b) | Initial notification /Amendment | Initial notification |
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |
| a) | Name | Windar Photonics plc |
| b) | LEI | 2138003JZZMKJGOOCR02 |
| 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 | Ordinary shares of 1 pence each |
| Identification code | GB00BTFR4F17 | |
| b) | Nature of the transaction | Issue of New Ordinary Shares in lieu of fees |
| c) | Price(s) and volume(s) | Volume: 56,268 ordinary shares Price: 44.43 pence |
| d) | Aggregated information | |
| - Aggregated volume | N/A | |
| - Price | ||
| e) | Date of the transaction | 26 February 2025 |
| f) | Place of the transaction | Outside of a trading venue |
| 1 | Details of the person discharging managerial responsibilities ("PDMR") / person closely associated ("PCA") | |
| a) | Name | Gavin Manson |
| 2 | Reason for the notification | |
| a) | Position/status | Executive Director |
| b) | Initial notification /Amendment | Initial notification |
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |
| a) | Name | Windar Photonics plc |
| b) | LEI | 2138003JZZMKJGOOCR02 |
| 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 | Ordinary shares of 1 pence each |
| Identification code | GB00BTFR4F17 | |
| b) | Nature of the transaction | Issue of New Ordinary Shares in leui of fees |
| c) | Price(s) and volume(s) | Volume: 56,268 ordinary shares Price: 44.43 pence |
| d) | Aggregated information | |
| - Aggregated volume | N/A | |
| - Price | ||
| e) | Date of the transaction | 26 February 2025 |
| f) | Place of the transaction | Outside of a trading venue |
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