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Windar Photonics plc announced it agreed to settle Non-Executive Director Paul Hodges' 2022 fees of £25,000 through the issue of 125,000 new ordinary shares at 20p each. Application has been made for these shares to be admitted to AIM on January 6, 2023, following which the Company's issued share capital will be 68,361,444 shares and Mr. Hodges will hold 1,086,818 ordinary shares, representing 1.59% of the issued share capital.
| Date | 30 Dec 2022 |
| Time | 07:00:03 |
| Category | Capital structure |
| ID | 2481L |
Windar Photonics plc
("Windar" or the "Company")
Issue of Equity
Windar Photonics plc (AIM:WPHO), the technology group that has developed a cost efficient and innovative LiDAR wind sensor for use on electricity generating wind turbines, announces that it has agreed with its Non-Executive Director, Paul Hodges, to settle his 2022 Director fees of £25,000 through the issue of 125,000 new ordinary shares at a price of 20p each.
Application has been made for these shares to be admitted to trading on AIM and it is anticipated that admission will take place on Friday 6 January 2023. Following the admission, the Company's issue share capital will be 68,361,444 with no shares in treasury.
The total number of voting rights in the Company is 68,361,444 shares, which may be used by shareholders as the denominator for the calculations by which they determine if they are required to notify their interest in, or a change to their interest in, the Company under the Financial Conduct Authority's Disclosure and Transparency Rules.
Following Admission, Mr Hodges will be interested in 1,086,818 ordinary shares in the Company, representing 1.59 per cent of the issued share capital of the Company.
For further information, please visit http://www.investor.windarphotonics.com or contact:
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Windar Photonics plc |
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Jørgen Korsgaard Jensen, CEO |
Tel: +45 24234930 |
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WH Ireland Limited (Nomad & Broker) |
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Chris Fielding / Megan Liddell |
Tel: +44 20 7220 1666 |
Notes to Editors:
Windar Photonics is a technology group that develops cost-efficient and innovative Light Detection and Ranging ("LiDAR") optimisation systems for use on electricity generating wind turbines. LiDAR wind sensors in general are designed to remotely measure wind speed and direction.
The notifications set out below are provided in accordance with the requirements of the Market Abuse Regulation.
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Details of the person discharging managerial responsibilities ("PDMR") / person closely associated ("PCA") |
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a) |
Name |
Paul Hodges |
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Reason for the notification |
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a) |
Position/status |
Non-Executive Director |
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b) |
Initial notification /Amendment |
Initial notification |
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Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
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a) |
Name |
Windar Photonics plc |
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b) |
LEI |
2138003JZZMKJGOOCR02 |
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4
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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 |
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a)
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Description of the financial instrument, type of instrument |
Ordinary shares of 1 pence each |
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Identification code |
GB00BTFR4F17 |
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b) |
Nature of the transaction |
Issue of New Ordinary Shares |
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c)
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Price(s) and volume(s) |
Volume: 125,000 ordinary shares Price: 20.0 pence per share |
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d)
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Aggregated information |
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- Aggregated volume |
N/A |
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- Price |
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e) |
Date of the transaction |
29 December 2022 |
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f) |
Place of the transaction |
London Stock Exchange (AIM: WPHO) |