Antofagasta has entered into lockup agreements
with all of Duluth's directors and officers and with Wallbridge Mining Company Limited who collectively own approximately 6.
Additionally, since lockup agreements
only allow insider selling prior to lockup expiration if the lead underwriters agree with such early release, a lockup may assist the lead underwriter in extracting additional compensation by either making markets for the shares of insiders' block transactions or underwriting seasoned equity offerings (SEOs).
This Lockup agreements
prohibit company insiders-including employees, their friends and family, and venture capitalists-from selling their shares for a set period of time (12-36 months).
In addition, the prospectus also covers the potential resale of Cowen shares attributable to certain executive officers and directors, though many of these individuals are still subject to lockup agreements
that prevent the sale of these shares.
The Company has entered into lockup agreements
with the non-employee directors pursuant to which they agreed not sell, transfer or otherwise transfer the shares they received until a shareholder approval of the plan or separate shareholder ratification for issuance of the Compensation Shares is obtained.
Such lockup agreements
prevent pre-IPO owners from selling shares for a specified period--typically six months--following the IPO, and they generally apply to most of the shares not sold in the IPO.
Atrium also announced that it has entered into forbearance and lockup agreements
with requisite majorities of the holders of each tranche of Atrium's funded indebtedness.
More than 70% of respondents surveyed offer lockup agreements
, with the most popular terms being 30, 60 and 90 days, though 29% provide lockups for as long as 365 days, depending on the client relationship.
in Singapore, like those in the United States, prohibit pre-IPO shareholders from selling their shares for a period after the IPO.
As a result, the shares subject to lockup agreements
will become freely tradable in the public market beginning May 20, 2008, subject to certain extension as described in the prospectus for the initial public offering.
Based on its discussions with POSCO and other large shareholders, Li3's management expects Li3 to meet the following closing conditions in support of the Transaction: 1) Li3 shareholders holding at least 51% of Li3's shares, including POSCO and Li3's officers and directors, will execute support and lockup agreements
, and 2) POSCO will execute a new investor rights agreement with Li3 and Blue Wolf.
the "Company" or "NAEG") (OTC Pink Sheets: NVMG) announced today the execution of Share Lockup Agreements
for all of its Control Shareholders, Officers, Directors and Management Team.