334,054,300 Ordinary Shares of Mercury Securities Group Berhad are subject to a Lock-Up Agreement Ending on 19-MAR-2024. These Ordinary Shares will be under lockup for 193 days starting from 8-SEP-2023 to 19-MAR-2024.

Details:
The promoters have agreed not to dispose off entire shareholding for a period of 6 months from the admission date.

The promoters have also agreed not to dispose off an aggregate of 45% of the shareholdings for a further period of 6 months, commencing upon the expiry of the first 6-month period. Thereafter, the promotors may sell, transfer or assign up to a maximum of one-third per annum under moratorium.

Upon the expiry of the Second 6-Month Moratorium, the Specified Shareholders may only sell, transfer or assign up to a maximum of 1/3 per annum (on a straight line basis) of the Shares which were held under the moratorium.