57,710,415 Ordinary Shares of Cosmos Technology International Berhad are subject to a Lock-Up Agreement Ending on 6-APR-2023.
Details:
The moratorium applies to the Specified Shareholders' entire shareholdings for a period of 6 months from the date of our admission to the ACE Market (First 6 Months Moratorium). Upon expiry of the First 6 Months Moratorium, the company must ensure that the Specified Shareholders' aggregate shareholdings amounting to at least 45.00% of the issued share capital remain under moratorium for a further 6 months (Second 6 Months Moratorium). Upon the expiry of the Second 6 Months Moratorium, the Specified Shareholders may sell, transfer or assign up to a maximum of one-third (1/3) per annum (on a straight-line basis) of their Shares held under moratorium.