Certain Ordinary Bearer Shares of hGears AG are subject to a Lock-Up Agreement Ending on 22-NOV-2021.
November 21, 2021
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Certain Ordinary Bearer Shares of hGears AG are subject to a Lock-Up Agreement Ending on 22-NOV-2021. These Ordinary Bearer Shares will be under lockup for 186 days starting from 20-MAY-2021 to 22-NOV-2021.
Details:
Each of the Selling Shareholders has agreed with the Underwriters that it will not, either directly or indirectly, during a period of six months following the first day of trading of the Shares on the Frankfurt Stock Exchange (Frankfurter Wertpapierb?rse) and for the consecutive period of a further six months it will not without the prior written consent of the Sole Global Coordinator.
Each of the members of the Management Board has agreed with the Underwriters that he will not, either directly or indirectly, during a period of twelve months following the first day of trading of the Shares on the Frankfurt Stock Exchange.
hGears AG ia a Germany-based manufacturer of high-precision gears and components with a focus on products for e-mobility applications. hGears develops, manufactures, and supplies precision components and sub-systems as well as complex full system solutions. Products include gears, sprockets, shafts, structural components, complete gearboxes and other components. The Company divides their business into three business areas: e-Mobility, e-Tools and other automotive and industrial applications. E-Mobility focuses on products for e-bike drive systems and drive train units for electric and hybrid vehicles. E-Tools focuses on components utilized in the powering mechanism of battery driven (e-drive), cordless power and gardening tools. Conventional focuses on gear units for various applications, such as rolling shutters and systems for heating, ventilation and air conditioning, motorbikes and non-combustion part precision components for vehicles.