Lock in agreements7 Apr 2021 17:00
From the listing doc
15. Lock-in Agreements
Each of the Directors, the Company’s employees receiving shares under option schemes and certain other Shareholders, who on Admission will be the holders of 64,948,008 Ordinary Shares in aggregate, representing approximately 67.9 per cent. of the Enlarged Share Capital, (being the Locked-in Shareholders) have entered into Lock-in Agreements. Under the terms of the Lock-in Agreements, the Locked-in Shareholders have undertaken to the Company and N+1 Singer not to dispose of any interest in any Ordinary Shares owned by them or any connected person prior to the date which is: (i) in the case of Touchstone and IP2IPO Innovations Limited (together holding 4,190,560 Ordinary Shares), 3 months from Admission, and (ii) in the case of all other Locked-in Shareholders (together holding 60,757,448 Ordinary Shares), twelve months from the date of Admission (the “Restricted Period”) and, for a further period of: (i) in the case of Touchstone and IP2IPO Innovations Limited, nine months following expiry of the Restricted Period, and (ii) in the case of all other Locked-in Shareholders, 12 months following the expiry of the Restricted Period, only to dispose of their Ordinary Shares through N+1 Singer during that period in such a way as to maintain an orderly market, except in certain limited circumstances considered customary for an agreement of this nature.
In addition, Shareholders not subject to Lock-in Agreements, who on Admission will be the holders of 7,387,248 Ordinary Shares in aggregate, representing approximately 7.7 per cent. of the Enlarged Share Capital, have entered into Orderly Market Agreements. Under the terms of the Orderly Market Agreements, these Shareholders have undertaken to the Company and N+1 Singer only to dispose of any interest in any Ordinary Shares owned by them or any connected person, in the period prior to the date which is twelve months from the date of Admission, through N+1 Singer during that period in such a way as to maintain an orderly market, except in certain limited circumstances”
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