Certain Shares of MUNIC S.A. are subject to a Lock-Up Agreement Ending on 5-AUG-2020.
August 04, 2020
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Certain Shares of MUNIC S.A. are subject to a Lock-Up Agreement Ending on 5-AUG-2020. These Shares will be under lockup for 182 days starting from 5-FEB-2020 to 5-AUG-2020.
Details:
The three founders and the majority shareholder (Grandis-Lux), representing together 94.95% of the capital before the Offer, have undertaken to keep all of the shares they will hold on the day of the settlement-delivery of the Offer (including the New Shares subscribed by offsetting receivables within the framework of the Offer), with the exception, if applicable, of the sale of the Transferred Shares likely to intervene within the framework of the Over-allotment Option (see section 4.3 of the summary of the Prospectus below), for a period of 360 calendar days from the date of settlement of the Offer and subject to certain usual exceptions.
For the other two shareholder, 100% of the shares they will hold on the day of settlement of the Offer, with the exception, if applicable, of the sale of the Sold Shares likely to be involved in the Over-allotment Option (see in section 4.3 of the summary of the Prospectus below), for a period of 180 calendar days from the date of settlement of the Offer and subject to certain usual exceptions and 80% of these same actions for a period of 360 days.
For funds managed by Odyssée Venture commitment to abstain is from the settlement-delivery of the Offer, all of the shares likely to result from the conversion of convertible bonds (OC 2019) that they will hold on the day of the 1st listing of the Company's shares on the Euronext Growth® Paris market.
MUNIC designs and develops technological solutions, combining Smart Dongles, capable of collecting and decoding thousands of data from motor vehicle sensors, and an artificial intelligence Edge Computing platform, Munic.io, for analyzing them.
MUNIC decodes and analyses, in addition to basic telematics data (GPS geolocation, accelerometer, estimated mileage), a lot of information from a vehicle (precise fuel level, tyre wear, battery or brake pad condition, fault code analysis, etc.) which is a major challenge for many players: car manufacturers, car rental and car-sharing platforms, equipment manufacturers, fleet managers, insurers, dealership or maintenance networks, technical control centers, oil companies, telecom operators, etc.