REG - Windar Photonics PLC - CEO Appointment, Grant of Options and RPT

Windar PhotonicsAnnouncement

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RNS Number : 8706G  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  Via Novella

 Søren Belmar, CFO / COO                Tel:  +45 53527276

 Zeus (Nominated Adviser and Broker)
 David Foreman / James Bavister         Tel: +44 (0) 20 3829 5000

 Novella Communications
 Tim Robertson / Aeliya Bilgrami        Tel: +44 (0) 20 3151 7008

 

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  Options to subscribe for ordinary shares of £0.01

      Identification code

                                                                   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

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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