Certain Shares of LL Lucky Games AB (publ) are subject to a Lock-Up Agreement Ending on 23-JUN-2022. These Shares will be under lockup for 377 days starting from 11-JUN-2021 to 23-JUN-2022.
Details:
The Company's Board of Directors, senior executives or major existing shareholders, a number of the Company's major shareholders and all owners who before the issue owned more than 7 percent of the shares in the company have, undertaken to Eminova not without Eminova's written consent, directly or indirectly, to sell all or some of their respective shares in the company for a period of twelve months from the first trading day. The lock-up commitment amounts to 100 percent of each party's shares in the company per day for the conclusion of the lock-up agreement. Eminova shall not, without special reason, refuse to consent to divestiture as described above in the following situations; (i) in the event that all shares in the Company are subject to a public takeover bid (ii) in the event of a transaction whereby shares are transferred by the shareholder to a company which is directly or indirectly wholly owned by him, sell or deposit their shares as a result of urgent exceptional circumstances, such as serious financial difficulties, (iv) in the event that the shareholder wishes to sell or offer to sell shares within the framework of an incentive program in the Company, provided that the persons included in the incentive program in writing undertakes to take over the lock-up undertaking or (v) if the shareholder intends to sell the shares outside the marketplace (OTC), provided that the buyer / buyers undertake in writing to take over the lock-up undertaking.