RE: Thoma Bravo can bid anytime from March 823 Feb 2023 12:34
They still have a way to go they were awarded at IPO
Angela Bacares 80,724,000
Michael Lynch 30,761,750
Still too many shares locked up any buyer would need to entice the likes of Summit and KKR to sell theirs. Though there was an interesting point at IPO
Lock-up Arrangements
Sell-down Coordination Agreement among Certain Shareholders
The Summit Shareholders and KKR DA have informed the Company that they intend to enter into an agreement
regarding the coordination of potential future sales of Shares (such agreement, the “Sell-down Coordination
Agreement”), conditional upon Admission. The Sell-down Coordination Agreement is intended to be entered into
for a term of two years (with the agreement being terminated with respect to an individual shareholder upon such
individual shareholder (together with its associates) ceasing to hold 2% or more of the Company’s share capital
and voting rights). Under the Sell-down Coordination Agreement, the parties to the agreement intend to agree (i)
to certain sales restrictions with respect to the Shares held by them and (ii) to coordinate sales of larger stakes in
the Company by way of an obligation to notify each other of such sales, with a right for the other shareholders to
participate in any such sale.
That 2 years runs out beginning of May.