Windar Photonics PLC Change of Nominated Adviser & Director Appointment (0765K)

TIDMWPHO

RNS Number : 0765K

Windar Photonics PLC

19 December 2022

WINDAR PHOTONICS PLC

("Windar", the "Company" or the "Group")

Change of Nominated Adviser and Director Appointment

Change of Nomindated Adviser

Windar (AIM:WPHO), the technology group that has developed a cost efficient and innovative LiDAR wind sensor for use on electricity generating wind turbines, is pleased to announce that it has appointed WH Ireland Limited as the Company's Nominated Adviser and Corporate Broker with immediate effect.

Director appointment

Windar is also pleased to announce that Andrew ('Andy') John Richardson has been appointed as an Independent Non-Executive Director of the Company.

Andy Richardson is an experienced non-executive chairman, director and board adviser with a strong track record in business transformation, scale-up and international development in quoted, private equity and family office ownership structures. Andy has a history of success, on an international scale, in the manufacturing sector, among others businesses involved in the Automotive, Medical Devices, Aerospace, Engines, and Building Products sectors.

Andy holds a Master of Arts and a Master of Engineering degree from Cambridge University.

The AIM Rules paragraph (g) of Schedule Two disclosures relating to Andy Richardson are set out at the end of the announcement.

Jørgen Korsgaard Jensen, Chief Executive Officer, comments: " We're delighted to appoint WH Ireland Limited as our Nominated Adviser and Corporate Broker. Given the strong order intake during the past many months, the Company is entering 2023 with an order backlog matching our manufacturing capacity for the first half of 2023. Given this situation, the focus within the Company is shifting towards activities regarding scaling up of our manufacturing capacity both internally and with suppliers. In this regard I am very pleased to announce that Andy has accepted to join the board of Windar bringing his vast experience within technical and manufacturing areas."

This announcement contains inside information for the purposes of Article 7 of the UK version of Regulation (EU) No 596/2014 which is part of UK law by virtue of the European Union (Withdrawal) Act 2018, as amended ("MAR"). Upon the publication of this announcement via a Regulatory Information Service, this inside information is now considered to be in the public domain.

This announcement was approved for release by the Jørgen Korsgaard Jensen, Chief Executive Officer.

 
 For further information: 
  Windar Photonics plc                  Tel: +45 24234930 
    Jørgen Korsgaard Jensen, CEO                                  Tel: +45 2423 4930 
 
   WH Ireland Limited (Nomad & Broker)   Tel: 0131 220 6939 
    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.

http://investor.windarphotonics.com

AIM Rules paragraph (g) of Schedule Two disclosures relating to a director appointment

Andrew John Richardson, age 58, is or has during the last five years been a director or partner of the follow ing companies and partnerships:

 
 Current Directorships:   Past Directorships in the last five 
  Aspire Companies Ltd     years: 
  Tusox Ltd                ARC Overseas Limited 
                           Arc Specialist Engineering Management 
                           Company Limited 
                           ARC Specialist Engineering Properties 
                           Limited 
                           Boddingtons Plastics Limited 
                           Buncher and Haseler Limited 
                           Cooper Coated Coil Holdings Limited 
                           Cooper Coated Coil Investments Limited 
                           Cooper Coated Coil Limited 
                           Cooper Coated Coil Management Limited 
                           EWS (Manufacturing) Limited 
                           House BI Limited 
                           House KTP Limited 
                           Manor Farm (Elkstone) Residents Association 
                           Limited 
                           MGS Precision Limited 
                           MRX Dormant Company Limited 
                           MRX Dormant Company Two Limited 
                           MRX Dormant Company Three limited 
                           MRX Dormant Company Seven Limited 
                           Stylex Auto Products Limited 
                           Toolspec Manufacturing Company Limited 
                           Tube Bend Form International Ltd 
                           Vector Industries Limited 
                           XL Precision Technologies Limited

Andy Richardson was a director of Stylex Auto Products Limited from 6 August 2019 to 30 November 2021 which was put into administration on 12 June 2020 due to conditions relating to COVID-19. Administrators have been appointed and the process is ongoing.

Andy was also a director of Down & Francis Industrial Products Limited from 16 July 2008 to 11 July 2013. The company was put into administration on 2 April 2013 and subsequently dissolved following liquidation on 7 June 2014. The total net liabilities to unsecured creditors was GBP2,000 and related to an intercompany creditor.

Andy Richardson does not hold any ordinary shares in the Company.

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December 19, 2022 02:00 ET (07:00 GMT)

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