REG - Windward Ltd. - AGM Statement

WindwardAnnouncement

20/05/2024 07:00

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RNS Number : 0036P  Windward Ltd.  20 May 2024

20 May 2024

Windward Ltd.

("Windward", "the Company")

AGM Statement

The Lord Browne of Madingley, the Chairman of Windward Ltd., a leading
Maritime AI company, will provide the following trading update in advance of
the Annual General Meeting to be held today at 13:00 (BST) at the Windward
offices at Mermaid House, 3rd Floor (Southbank Room), 2 Puddle Dock, London
EC4V 3DB. Copies of the Notice of AGM are also available on the Company's
website at https://investors.windward.ai/investors/agm/
(https://investors.windward.ai/investors/agm/) .

"The Board is pleased to report on a period of strong trading and execution
against our strategy in FY24 to date, in line with our expectations. We have
made further progress in growing our commercial revenues, and renewals for our
government segment also remain on track. Within the commercial segment, we see
accelerated take up of our Business Intelligence solutions, which allow
customers to increase revenues. Recent customer wins include Berge Logistics,
OCIMF, Zodiac Maritime and Valletta Bunkers. As previously announced in
February, Windward has also expanded its collaboration with the London Stock
Exchange Group to provide customers with comprehensive compliance and risk
management solutions beyond the maritime domain.

 

Our AI-powered insights are delivering a tangible impact on visibility,
efficiency and cost for key players across global trade. Amid the complex web
of maritime challenges across sanctions, supply chains and security Windward
is an established strategic partner for governments and enterprises alike.

 

Looking ahead, we are confident in achieving our stated goal of reaching an
EBITDA break-even run rate during FY24, supported by the healthy market-wide
demand, successful partnerships and the growing sophistication and breadth of
our offering. We remain excited by the opportunity ahead to further transform
the maritime industry through bringing both vertical and generative AI
solutions to our customers."

Attendance at the AGM

Further to the Notice of Annual General Meeting issued by the Company on 18
April 2024, the Company has arranged for a video conference facility to allow
shareholders to follow proceedings at the AGM remotely. The video conference
facility will be listen only, other than for Directors (if any attend
remotely). Shareholders interested in following proceedings at the AGM
remotely through this facility are invited to contact the Company by email
at legal@wnwd.com by no later than 10:00 a.m. BST today, 20 May 2024, in
order to receive personalised conference call details.

 

As set out in the Company's Notice of AGM, connecting to the AGM via a video
conference facility will not amount to attending the AGM and shareholders will
not be able to vote via the video conference facility.

For more information, please contact:

 Windward                                             Via Alma
 Irit Singer, CMO

 Canaccord Genuity (Nominated Adviser & Broker)       +44(0)20 7523 8000
 Simon Bridges / Andrew Potts

 Alma Strategic Communications                        +44(0)20 3405 0205
 Caroline Forde / Kieran Breheny

 

About Windward

Windward (https://windward.ai/)  (LSE:WNWD), is the leading Maritime AI™
company, providing an all-in-one platform to accelerate global trade.
Windward's AI-powered decision support and exception management platform
offers a 360° view of the maritime ecosystem and enables stakeholders to make
real time, predictive intelligence-driven decisions to achieve business and
operational readiness.

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/ (https://windward.ai/) .

 

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