CEO Appointment, Grant of Options and RPT

Windar Photonics PLC

03 June 2026

 

3 June 2026

("Windar" or the "Company")

CEO Appointment, Grant of Options and Related Party Transaction

Windar Photonics plc (AIM: WPHO), the technology group that has developed a LiDAR-assisted monitoring and optimisation solution across multiple wind turbine platforms, confirms that Andreas Berg Nielsen has commenced employment as Chief Executive Officer of the Company with effect from 1 June 2026, as previously announced on 21 April 2026.

Grant of Options

Andreas has been granted options over 2,554,191 ordinary shares of £0.01 each in the Company (the "Options"). The Options have an exercise price of 27.25 pence per share, being the closing mid-market price on 29 May 2026, the last banking day prior to his date of commencement. The Options vest in equal thirds at the end of years four, five and six from the date of grant, based on continued employment, and are subject to good/bad leaver provisions consistent with market practice.

Related Party Transaction

The Options and remuneration package to Andreas Berg Nielsen, as a director of the Company, constitutes a related party transaction pursuant to Rule 13 of the AIM Rules for Companies. The independent directors of the Company, being David Lis, Paul Hodges, Soren Nielson and Gavin Manson, consider that the terms of the grant are fair and reasonable insofar as the shareholders of the Company are concerned.

For further information, please contact:

Windar Photonics plc
David Lis, Interim Executive Chairman Søren Belmar, CFO / COO	Via Novella Tel:  [phone]
Zeus (Nominated Adviser and Broker)
David Foreman / James Bavister	Tel: [phone]
Novella Communications
Tim Robertson / Aeliya Bilgrami	Tel: [phone]

Appendix - Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Andreas Berg Nielsen
2	Reason for the notification
a)	Position/status	Chief Executive Officer
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 Identification code	Options to subscribe for ordinary shares of £0.01 ISIN: GB00BTFR4F17
b)	Nature of the transaction	Issue of options
c)	Price(s) and volume(s)	Price(s) Volume(s) Nil 2,554,191
d)	Aggregated information - Aggregated volume - Price
e)	Date of the transaction	29 May 2026
f)	Place of the transaction	London Stock Exchange

 

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