82,626,142 Ordinary Shares of UMediC Group Berhad are subject to a Lock-Up Agreement Ending on 26-JAN-2023.
Details:
The moratorium applies to the entire shareholdings of the Promoters for a period of six (6) months from the date of the Admission (First Six (6)-Month Moratorium) upon the expiry of the First Six (6)-Month Moratorium, the Company must ensure that the Promoters' aggregate shareholdings amounting to at least 45% of the total number of issued Shares (adjusted for any bonus issue or subdivision of Shares) remain under moratorium for another period of six (6) months (Second Six (6)-Month Moratorium), and upon the expiry of the Second Six (6)-Month Moratorium, subject to the Listing Requirements, the Promoters may sell, transfer or assign up to a maximum of 1/3 per annum (on a straight line basis) of their Shares held under moratorium.