TIDMWPHO

RNS Number : 2195V

Windar Photonics PLC

20 July 2018

20 July 2018

Windar Photonics plc

("Windar" or the "Company")

Subscription Settlement

Windar Photonics plc (AIM:WPHO), the technology group that has developed a cost efficient and innovative LiDAR wind sensor for use on electricity generating wind turbines, provides an update on the settlement of its GBP2.2 million equity fundraise announced to the market on 12 July 2018.

The Company is issuing a total of 2,700,000 ordinary shares of 1 pence each in the Company ("Subscription Shares"). The Company has applied for the issue of 2,093,940 Subscription Shares to trading on AIM ("Admission") and it is expected that such Admission will occur at 8.00 a.m. on 23 July 2018. Following Admission, the Company will therefore have 43,902,309 ordinary shares of 1 pence each ("Ordinary Shares") in issue, none of which will be held in treasury.

Application will separately be made to the London Stock Exchange for the remaining 606,060 Subscription Shares to be admitted to trading on AIM ("Second Admission") and it is expected that such Second Admission will occur at 8.00 a.m. on 31 August 2018. Following the Second Admission, the Company will have 44,508,369 Ordinary Shares in issue, none of which will be held in treasury.

For further information:

 
 Windar Photonics plc             Jørgen Korsgaard Jensen, CEO    +45 24234930 
 Cantor Fitzgerald Europe 
  Nominated Adviser and Broker    David Foreman                        +44 (0)20 7894 7000 
                                   Richard Salmond 
 
  West Hill Capital 
  Financial Adviser                Robert Forbes Caie                   +44 (0)20 3440 7556

About Windar:

Windar Photonics is a technology group that develops cost-efficient and innovative Light Detection and Ranging ("LiDAR") optimization 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

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July 20, 2018 04:37 ET (08:37 GMT)

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