Issue of Equity in Lieu of Non-Executive Fees

Windar Photonics PLC

26 March 2026

 

26 March 2026

Windar Photonics plc

("Windar" or the "Company")

Issue of Equity in Lieu of Non-Executive Director 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 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.

For further information, please contact:

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

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: 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

1	Details of the person discharging managerial responsibilities ("PDMR") / person closely associated ("PCA")
a)	Name	Andreas Berg Nielsen
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: 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

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: 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

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 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

 

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