55,563,040 Ordinary Shares of Veratin Limited are subject to a Lock-Up Agreement Ending on 16-FEB-2024. These Ordinary Shares will be under lockup for 732 days starting from 14-FEB-2022 to 16-FEB-2024.

Details:
Subject to the Company being admitted to the Official List and completing the Offer, certain Shares will be classified by NSX as restricted securities and will be required to be held in escrow for up to 24 months from the date of Official Quotation. During the period in which these Shares are prohibited from being transferred, trading in Shares may be less liquid which may impact on the ability of a Shareholder to dispose of his or her Shares in a timely manner.

The number of Shares that are subject to NSX imposed escrow are at NSX?s discretion in accordance with the NSX Listing Rules and underlying policy.

The Company will announce to the NSX full details (quantity and duration) of the Shares required to be held in escrow prior to the Shares commencing trading on NSX (which admission is subject to NSX?s discretion and approval).