Certain Ordinary Shares of TECOM Group PJSC are subject to a Lock-Up Agreement Ending on 24-DEC-2022.
Details:
Pursuant to an underwriting agreement to be entered into between the Company, the Selling Shareholder and the Joint Bookrunners prior to the date of Listing (the Underwriting Agreement), the Shares held by the Selling Shareholder following Listing shall be subject to a lock-up which starts on the date of Listing and ends 180 days thereafter, subject to certain permitted transfers as set out in the Underwriting Agreement.