Issue of Equity in Lieu of Non-Executive Fees
Windar Photonics plc has issued 358,944 new ordinary shares to settle £183,333 in Non-Executive Director fees for the 12 months ending December 31, 2025. The shares were issued at prices ranging from 43.0 to 53.3 pence, with the latter reflecting the 12-month volume-weighted average price. Following admission, expected on March 31, 2026, the company will have 96,726,770 shares in issue.
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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 358,944 new ordinary shares of £0.01 each ("Shares") to settle certain Non-Executive Director fees due in respect of the 12 months to 31 December 2025. The issue prices of the Shares varied between 43.0 and 53.3 pence per Share depending on the contract of the respective director. The strike price of 53.3 pence per Share was the 12 month volume weighted average price for the 12 months ended 31 December 2025.
Details of the Shares issued and the fees settled are as follows:
| Fees due | Strike Price | Number of Shares | Shareholding on Admission | % Shareholding on Admission | |
|---|---|---|---|---|---|
| David Lis | £100,000 | 0.533 | 187,617 | 2,208,601 | 2.28% |
| Paul Hodges | £25,000 | 0.533 | 46,904 | 2,879,180 | 2.98% |
| Gavin Manson | £25,000 | 0.533 | 46,904 | 531,743 | 0.55% |
| Andreas Nielsen | £33,333 | 0.430 | 77,519 | 99,019 | 0.10% |
| Total | £183,333 | 358,944 |
Total voting rights
Application will be made for the admission of the Shares to trading on AIM, which is expected to become effective at 8am on or about 31 March 2026 ("Admission").
Immediately following Admission the Company will have 96,726,770 Shares in issue. The Company does not hold any shares in treasury and all of the Shares have equal voting rights. Therefore, the figure above represents 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.
| a) | Name | Windar Photonics plc |
| b) | LEI | 2138003JZZMKJGOOCR02 |
| 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: 187,617 ordinary shares Price: 53.30 pence |
| d) | Aggregated information | |
| - Aggregated volume | N/A | |
| - Price | ||
| e) | Date of the transaction | 25 March 2026 |
| f) | Place of the transaction | Outside of a trading venue |
| a) | Name | Andreas Berg Nielsen |
| 2 | Reason for the notification | |
| a) | Position/status | Non-Executive Director |
| b) | Initial notification /Amendment | Initial notification |
| a) | Name | Windar Photonics plc |
| b) | LEI | 2138003JZZMKJGOOCR02 |
| 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: 77,519 ordinary shares Price: 43 pence |
| d) | Aggregated information | |
| - Aggregated volume | N/A | |
| - Price | ||
| e) | Date of the transaction | 25 March 2026 |
| f) | Place of the transaction | Outside of a trading venue |
| a) | Name | Paul Joseph Hodges |
| 2 | Reason for the notification | |
| a) | Position/status | Non-Executive Director |
| b) | Initial notification /Amendment | Initial notification |
| a) | Name | Windar Photonics plc |
| b) | LEI | 2138003JZZMKJGOOCR02 |
| 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: 46,904 ordinary shares Price: 53.30 pence |
| d) | Aggregated information | |
| - Aggregated volume | N/A | |
| - Price | ||
| e) | Date of the transaction | 25 March 2026 |
| f) | Place of the transaction | Outside of a trading venue |
| a) | Name | Gavin Manson |
| 2 | Reason for the notification | |
| a) | Position/status | Executive Director |
| b) | Initial notification /Amendment | Initial notification |
| a) | Name | Windar Photonics plc |
| b) | LEI | 2138003JZZMKJGOOCR02 |
| 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: 46,904 ordinary shares Price: 53.30 pence |
| d) | Aggregated information | |
| - Aggregated volume | N/A | |
| - Price | ||
| e) | Date of the transaction | 25 March 2026 |
| f) | Place of the transaction | Outside of a trading venue |
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.