68,400,000 Ordinary Shares of LGMS Berhad are subject to a Lock-Up Agreement Ending on 8-JUN-2023.
Details:
The moratorium applies to the entire shareholdings of Promoters for a period of 6 months from the date of admission to the Official List of the ACE Market (First 6 Months Moratorium); upon the expiry of the First 6 Months Moratorium, the Promoters' aggregate shareholdings amounting to at least 45% of the total number of issued Shares remain under moratorium for another period of 6 months (Second 6 Months Moratorium); and upon the expiry of the Second 6 Months Moratorium, Promoters may sell, transfer or assign up to a maximum of 1/3rd per annum (on a straight-line basis) of Shares held under moratorium.