RE: Lull before the storm21 Jul 2023 21:25
RNS 14/7/22
In return for removing the conditionality on the contingent element of the consideration, the following modifications have been agreed:
-- a two-year restriction on dealing with the Greatland shares to be issued to Five Diggers Pty Ltd, comprising:
- 12-month lock in, which prohibits any disposals of the shares in this period, subject to carve outs (such as recommend takeovers), plus
- a subsequent 12-month orderly market arrangement, requiring that, during this period, the shares may only be traded in consultation with the Company's broker and through the Company's broker (subject to customary carve outs);