Windward Ltd.

Canaccord Genuity acts as Nominated Adviser, Sole Bookrunner and Sole Broker to Windward Ltd on its £34.5 million Placing and AIM IPO

Canaccord Genuity is pleased to announce it has acted as Nominated Adviser, Sole Bookrunner and Sole Broker on the AIM IPO of Windward Ltd. (“Windward” or the “Company”), which admitted its entire issued share capital to trading on the London Stock Exchange on 6 December 2021.

The IPO was priced at 155 pence per ordinary share, giving the Company a market capitalisation at admission of £126.5 million. In total, £34.5 million was raised as part of the IPO which will be used to sustain Windward's competitive advantage through the expansion of its due diligence capabilities and further data sources; to continue the development and refinement of the Company's solutions; and to invest in sales and marketing, focusing on new geographies and stronger sales channel distribution. In addition, the IPO allowed for a secondary share sale by a number of existing shareholders and employees. The Placing attracted strong support from a range of high quality institutional investors.

Windward (Ticker: WNWD.L) is a leading predictive intelligence company, fusing artificial intelligence ("AI") and maritime expertise seeking to digitalize the global maritime industry. The Company is headquartered in Israel with a presence in five additional locations around the world, being the UK, USA (west coast and east coast including Washington D.C.), Denmark and the UAE. Windward's AI-powered software solution aims to provide real time information and insights on major seafaring vessels at sea, enabling stakeholders within the maritime ecosystem to make intelligence-driven decisions to manage risk and achieve business and operational insights. Windward has over 70 globally spread customers, including several leading participants across the maritime industry, including BP, Shell, HSBC, Gard and Danske Bank and leading government agencies including agencies from the US department of Defence and Homeland Security, Frontex (the pan-European border and coast guard agency) and the United Nations.