Certain Ordinary Shares of SysGroup plc are subject to a Lock-Up Agreement Ending on 4-DEC-2024. These Ordinary Shares will be under lockup for 180 days starting from 7-JUN-2024 to 4-DEC-2024.

Details:
As part of the Placing, the Company has agreed that it will not for a period of 180 days from Admission, directly or indirectly, issue, allot, offer, pledge, sell, contract to sell, grant any option, right or warrant to purchase, lend or otherwise transfer or dispose of any Ordinary Shares or other shares in the capital of the Company or any securities convertible into or exchangeable for Ordinary Shares or other shares in the capital of the Company or otherwise enter into any swap or other arrangement that transfers to another, in whole or in part, any of the economic consequences of ownership of the Ordinary Shares or other shares in the capital of the Company. This agreement is subject to certain customary exceptions and does not prevent (i) the issue or offer by or on behalf of the Company of any Ordinary Shares in relation to the Placing, the Subscription and the Retail Offer; or (ii) the grant or exercise of options or awards under any of the Company's existing employee share schemes (including any long term incentive plan) (in accordance with normal practice) and the new management incentive schemes proposed to be implemented by the Company in conjunction with the Placing.