3,270,000 Ordinary Shares of Tertre Rouge Assets PLC are subject to a Lock-Up Agreement Ending on 13-JUL-2023. These Ordinary Shares will be under lockup for 365 days starting from 13-JUL-2022 to 13-JUL-2023.

Details:
Each of the directors has undertaken to the company that, other than in certain limited circumstances (including the completion of a reverse takeover), they will not, and will procure that any associated party will not, dispose of any interest they hold in the 3,270,000 ordinary shares held by them in aggregate as at admission (representing approximately 64.12 per cent of the entire issued share capital) for the period of 12 months from admission.

The directors, who on admission will collectively be interested in approximately 66.12 per cent of the issued ordinary shares, each entered into a lock-in agreement with the company pursuant to which they have undertaken to the company that they shall not, except in certain specified circumstances, sell, transfer, grant any option over or otherwise dispose of the legal, beneficial or any other interest in any ordinary shares prior to the first anniversary of admission (being the "lock-in period"). To maintain an orderly market in the ordinary shares, the lock-in agreement also contains certain orderly market provisions which apply for a further 12 month period after the expiry of the lock-in period.