Business
Waiver of Lock-up Arrangements
Waiver of Lock-up Arrangements.
About this update from Amigo Resources Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 6670A\n Amigo Holdings PLC\n 30 September 2020\n \n \n \n \n \n \n \n NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION\n \n \n \n \n \n THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION \n \n \n \n \n \n FOR IMMEDIATE RELEASE\n \n \n \n \n \n 30 September 2020\n \n \n \n \n \n \n \n \n \n \n \n Amigo Holdings PLC\n \n \n (\"Amigo\" or the \"Company\")\n \n \n \n \n \n Waiver of Lock-up Arrangements\n \n \n \n \n \n \n In connection with Amigo's initial public offering in 2018 (the \"IPO\"), certain directors, senior managers and employees (the \"Lock-up Participants\") of the Company were, for a period of three years from the date of admission of Amigo's shares to trading, party to lock-up agreements which restricted their ability to sell, transfer or otherwise engage in certain transactions related to their shares. The lock-up period is scheduled to end on 3 July 2021 (the \"Lock-up Release Date\").\n \n \n \n \n \n On 23 September 2020, Amigo announced that Glen Crawford would no longer re-join the Board and that his consultancy contract with the Company would terminate with immediate effect. \n \n \n \n \n \n The Company has today agreed settlement terms with Mr Crawford in connection with the termination of his consultancy contract. As part of those arrangements, Amigo has consented to the waiver of the outstanding lock-up provisions entered into with Mr Crawford, including bringing forward the Lock-up Release Date from 3 July 2021 to 1 October 2020. \n \n \n \n \n \n Therefore, the Company estimates that 9,396,818 shares (being 1.98% of the issued share capital), may become eligible for sale in the public market at the opening of trading on 1 October 2020.\n \n \n \n \n \n Contacts: \n \n \n \n \n \n Company\n \n \n Amigo Holdings PLC [email protected] \n \n \n Kate Patrick Head of Investor Relations \n \n \n Roger Bennett Company Secretary\n \n \n \n \n \n Investor Relations\n \n \n Hawthorn Advisors [email protected]\n \n \n Lorna Cobbett ...