FOR IMMEDIATE RELEASE.
18 March 2025
Windward Ltd.
("Windward" or the "Company")
Completion of Acquisition and Cancellation of Admission
Windward (LSE: WNWD), a leading Maritime AI™ company, is pleased to announce that the Acquisition has become effective following receipt of the merger certificate from the Israeli Companies Registrar in accordance with the Israeli Companies Law. Cancellation of the Company's shares from admission to trading on AIM will therefore become effective at 7.00 a.m. tomorrow, 19 March 2025.
Following completion of the Acquisition, the Company is now a wholly-owned subsidiary of Octopus UK Bidco Limited.
Capitalised terms used in this announcement have the meaning given to them in Windward's announcement of 24 December 2024, unless the context requires otherwise.
- Ends -
For more information, please contact:
| Windward Ltd. | via Alma |
| Ami Daniel, Chief Executive Officer | |
| Irit Singer, Chief Marketing Officer | |
| Goldman Sachs | +44(0)20 7774 1000 |
| (Financial adviser to Windward) | |
| Chris Emmerson, Managing Director | |
| Daniel Krinsky, Managing Director | |
| Canaccord Genuity | +44(0)20 7523 8000 |
| (Nominated adviser and broker to Windward) | |
| Simon Bridges | |
| Andrew Potts | |
| Alma Strategic Communications | +44(0)20 3405 0205 |
| Caroline Forde | windward@almastrategic.com |
| Kieran Breheny | |
About Windward
Windward (LSE:WNWD), is a leading Maritime AI™ company, providing an all-in-one platform to accelerate global trade. Windward's end-to-end AI-powered software solution aims to provide real time information and insights on vessels and activities at sea, enabling stakeholders within the maritime eco-system to make intelligence-driven decisions to manage risk and achieve business and operational efficiency.
Windward's Maritime AI supports companies across industries. The company's clients range from oil supermajors, freight forwarders, and port authorities, to banks, shippers, insurers, and governmental organizations.
For more information visit: https://windward.ai/.
IMPORTANT NOTICE
Goldman Sachs Israel LLC, Tel Aviv Branch ("Goldman Sachs") is acting exclusively for Windward as its financial adviser and no one else in connection with the Acquisition and other matters referred to in this announcement and will not be responsible to anyone other than Windward for providing the protections afforded to clients of Goldman Sachs or for providing advice in connection with the Acquisition or any other matter or arrangement referred to in this announcement.
Canaccord Genuity Limited ("Canaccord Genuity"), which is authorised and regulated in the United Kingdom by the Financial Conduct Authority, is acting exclusively for Windward as its nominated adviser and broker and no one else in connection with the Acquisition and will not be responsible to anyone other than Windward for providing the protections afforded to clients of Canaccord Genuity or for providing advice in connection with the Acquisition or any other matter or arrangement referred to in this announcement.
If you are in any doubt about the contents of this announcement or the action you should take, you are recommended to seek your own independent financial advice immediately from your stockbroker, bank manager, solicitor or independent financial adviser duly authorised under the Financial Services and Markets Act 2000 (as amended) if you are resident in the United Kingdom or, if not, from another appropriately authorised independent financial adviser.
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