13,200,000 Options of BikeExchange Pty Ltd are subject to a Lock-Up Agreement Ending on 9-FEB-2023.
February 09, 2023
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13,200,000 Options of BikeExchange Pty Ltd are subject to a Lock-Up Agreement Ending on 9-FEB-2023. These Options will be under lockup for 734 days starting from 5-FEB-2021 to 9-FEB-2023.
Details:
A total of 129,208,783 fully paid ordinary shares classified by ASX as restricted securities will be held in escrow until 9 February 2023.
A total of 26,103,482 fully paid ordinary shares classified by ASX as restricted securities will be held in escrow until 1 July 2021.
A total of 13,200,000 unquoted options exercisable at various prices and with various expiry dates classified by ASX as restricted securities will be held in escrow until 9 February 2023.
BikeExchange Limited is an Australia-based operator of global online cycling-focused marketplaces that enable a global audience of consumers to connect and transact with various retailers and brands. The marketplace provides a technology-driven platform to connect consumers with retailers of bicycle products and accessories through its platform. The Company's geographic segments include Australia and New Zealand, Europe and North America. The Company enables cycling retailers and brands through its technology product suite, functionality, and platform, providing an online channel that also supports their bricks and mortar presence and operations. The Company brings together buyers and sellers around the world for cycling purchases, with over 600,000 products available. It also offers a range of cycling apparel, such as jersey, gloves, cycling shorts and tights, socks, warmers and base layers, jackets, body armor, headwear, and jumpers and hoodies, among others.