Spindox board approves lock-up agreement between significant shareholders

(Alliance News) - Spindox Spa has announced that the board has approved the lock-up agreement between significant shareholders Paolo Costa, Giovanni Diadema, Mauro Marengo, Massimo Pellei and Alan David Sanna.

The shareholders have agreed not to engage, directly or indirectly, in any sale transactions, acts of disposition or otherwise transactions that have as their object or effect, directly or indirectly, the allocation or transfer to third parties of the restricted shares, and not to approve or engage, directly or indirectly, in derivative transactions that have the same effects, even if only economic, as the transactions in question.

The lock-up period will last 24 months starting July 7.In detail, Costa holds 10.64 percent of Spindox's share capital, Diadema 8.17 percent, Marengo 8.04 percent, Pellei 5.73 percent and Sanna 5.00 percent.

Spindox's stock is up 2.3 percent at EUR8.80 per share.

By Giuseppe Fabio Ciccomascolo, Alliance News senior reporter

Comments and questions to [e-mail]

Copyright 2024 Alliance News IS Italian Service Ltd. All rights reserved.