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(Sharecast News) - Gateley on Thursday entered into a new five-year agreement with its partners that will place certain restrictions on the sale of ordinary shares in the company.
The new agreement will become effective on 8 June next year, following the expiry of the current lock-in arrangements that were put in place at the time of the company's admission to AIM in June 2015.
Under the terms of the agreement, each locked-in shareholder and his or her associates holding shares at admission will be restricted to selling a maximum of 10% of their originally held share per annum.
Chief executive Michael Ward said: "I am delighted with the overwhelming support partners have shown in the group in signing the new agreement which continues to demonstrate their long-term commitment to the group. I believe that the new agreement secures the continuation of a stable platform from which internal and external shareholders can invest with confidence."
Gateley shares were unchanged at 162.50p at 1544 BST.
25 Feb 2019 14:47
Gateley Shareholders Sell 4 Million Shares Through Private Placing (ALLISS)
LONDON (Alliance News) - Law firm Gateley Holdings PLC on Monday said a group of directors and shareholders have sold 4.0 million shares in the company through a placing at 150 pence in the law at
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