Current Report 23/2023
24/11/2023 • 20:15
Subject:
Conclusion of lock-up agreements by the Company with selected Company shareholders
Legal basis:
Art. 17 sec. 1 MAR – inside information.
Content:
The Management Board of cyber_Folks S.A. _[“Company”]_ hereby announces that, in connection with the sale of a portion of the Company shares held by the Jakub and Magdalena Dwernicki Family Foundation and the Duch Family Foundation, which transaction was disclosed by the Company in Current Report No. 22/2023, today the Company concluded lock-up agreements with selected Company shareholders, i.e. with: _i_ Mr Jakub Dwernicki, _ii_ Mr Jacek Duch, _iii_ the Jakub and Magdalena Dwernicki Family Foundation and _iv_ the Duch Family Foundation _hereinafter jointly referred to as the [“Shareholders”]_, pursuant to which the Shareholders undertook not to dispose of the Company shares held by them as at the date of conclusion of those agreements _[hereinafter jointly referred to as the “Lock-Up Agreements”]_.
Pursuant to the Lock-Up Agreements, the Shareholders undertook not to dispose, without the Company’s consent, of the Company shares held by them as at the date of conclusion of the Lock-Up Agreements for a period of 12 months from the date of conclusion of those agreements. In particular, the Shareholders undertook not to dispose of the shares held by them, including not to sell or offer those shares for sale, subject to the exceptions provided for in the above agreements.
Exceptions to the prohibition on disposal of shares include provisions customary for agreements of this type concerning, among other things, the possibility of selling Company shares in a tender offer for the exchange or sale of Company shares or in response to a public invitation to submit offers to sell Company shares announced by the Company as part of a treasury share buyback or by another entity, provided that the invitation is addressed to all Company shareholders on the same market terms.
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