TWL Share Settlement Update

MKTUPDTE

Mon, Dec 09 2024 08:30 am

MARKET RELEASE

9 December 2024

Share settlement update

TradeWindow (NZX: TWL) wishes to advise that Mr. AJ Smith, Executive Director and CEO, has not been able to make the full settlement payment for the second tranche of shares subscribed for on deferred payment terms pursuant to an agreement approved by shareholders at a special meeting held on 12 June 2024. As previously announced to the market, settlement of this tranche of shares had been delayed from the original settlement date of 30 November 2024 to 7 December 2024.

Mr. Smith has settled $122,000 of the $328,000 due. Mr. Smith has advised that he will be in a position to make settlement of $133,000 by 21 December 2024 and the remaining balance by 31 March 2025.

The delay does not impact the guidance previously provided to the market.

ENDS

About TradeWindow:
Founded in December 2018, TradeWindow is an NZX-listed software company that provides digital solutions for exporters, importers, freight forwarders, and customs brokers to drive productivity, increase connectivity, and enhance visibility. TradeWindow’s software solutions integrate to form a cohesive digital trade platform that enables customers to more efficiently run their back-end operations, share information and securely collaborate with a global supply chain made up of customers, ports, terminals, shipping lines, banks, insurance companies, and government authorities.
www.tradewindow.io