Certain Ordinary Shares of Skillcast Group plc are subject to a Lock-Up Agreement Ending on 1-DEC-2023.
December 30, 2023
Share
Certain Ordinary Shares of Skillcast Group plc are subject to a Lock-Up Agreement Ending on 1-DEC-2023. These Ordinary Shares will be under lockup for 730 days starting from 1-DEC-2021 to 1-DEC-2023.
Details:
The Locked-In Parties, who will hold 72.82 per cent. of the Enlarged Share Capital on Admission, have entered into the Lock-In Agreements, pursuant to which they have undertaken to the Company and Allenby Capital not to dispose of the Ordinary Shares held by themselves at Admission at any time prior to the first anniversary of Admission (the ?Lock-in Period?). Certain customary exceptions apply to this obligation. Furthermore, the Locked-In Parties have also undertaken to the Company and Allenby Capital not to dispose of any Ordinary Shares for the period of 12 months following the expiry of the Lock-in Period otherwise than through Allenby Capital. In addition, parties who will hold 10.54 per cent. of the Enlarged Share Capital on Admission have undertaken to Allenby Capital that, conditional upon Admission, for a period of 24 months from Admission, save for certain exceptions, they will not sell, transfer or dispose of any interest in the Ordinary Shares held by them without the prior written consent of both the Company and Allenby Capital and any such sale or disposal of Ordinary Shares will generally be effected through Allenby Capital (with a view to ensuring an orderly market in such securities).
Skillcast Group PLC provides software as a service compliance platform and off-the-shelf e-learning courseware. It provides a cloud-based compliance platform featuring corporate e-learning, policy attestations, staff disclosures, anonymous surveys, online registers, and engaging e-learning courses. It offers content and technology to digitize and streamline compliance processes and manage them from a single compliance portal. Its product range includes a learning management system with comprehensive off-the-shelf compliance course libraries, a policy hub, staff declarations, anonymous surveys, CPD tracking, and compliance registers. It offers various features: Compliance Declarations, Compliance Registers, Compliance Survey, Events Management, Learning Management System, Policy Hub, Training 360, Senior Managers and Certification Regime 360 and Compliance Portal Updates. Its courses include bespoke e-learning, compliance essentials, global compliance, insurance compliance and others.