Certain Ordinary Shares of Citius Resources PLC are subject to a Lock-Up Agreement Ending on 25-AUG-2022. These Ordinary Shares will be under lockup for 365 days starting from 25-AUG-2021 to 25-AUG-2022.
Details:
Pursuant to the terms of the lock-in and orderly marketing agreements, with Cameron Pearce, Daniel Rootes and Azalea Family Holding Pty Ltd, as a Connected Person to Winton Willesee, (each a ôLocked-in Partyö) each dated 16 August 2021, the following lock-in restrictions and orderly market arrangements have been agreed. (a) each Locked-in Party has, in respect of the Shares held by it/him (directly or indirectly) on Admission, agreed that they shall not, for a period of 12 months from Admission, dispose of such Shares; and (b) each Locked-in Party, for a further 12 months thereafter has agreed to only dispose of such Shares after the CompanyÆs Broker has been given an exclusive opportunity to place such shares (on specified minimum pricing terms); provided that, with the consent, of the Broker and the Company, a Locked-in Party may transfer all or any part of its Shares to a nominee, subject to such nominee entering into a lock in and orderly marketing agreement for the balance of the 12-month period(s) in a substantially similar form as the current lock in and orderly marketing agreements.