Certain Ordinary Shares of Americana Restaurants International PLC are subject to a Lock-Up Agreement Ending on 6-JUN-2023.
Details:
The Selling Shareholder is subject to a Statutory Lock-up period of six (6) months starting from the date of trading in the Company's shares in the Saudi Stock Exchange (Tadawul) pursuant to the provisions of Article (87) (a) of the OSCOs in which such Selling Shareholder may not dispose of any its shares during this period (the Selling Shareholder Statutory Lock-up Period). After the end of the Statutory Lock-up Period for the Selling Shareholder, the prior approval of the CMA is not required to the disposal of its shares.