Examples of Escrowed Shareholders in a sentence
During the escrow period, the Escrowed Shareholders may deal in any of their Escrowed Shares to the extent the dealing is required by applicable law (including an order of a court of competent jurisdiction).
Viva Leisure Limited entered into voluntary escrow deeds with respect to fully paid ordinary shares held by the following shareholders (Escrowed Shareholders): • SHJA Management Pty Ltd;• Harry Konstantinou;• Angelo Konstantinou;• Trenwith Nominees Pty Ltd; and• Mera Vale No.1 Pty Ltd, which restricted disposal of shares and which gave Viva Leisure Limited a technical relevant interest under s608(1)(c) of the Act.
Additionally, the Escrowed Shareholders have entered into voluntary escrow arrangements in relation to the Shares they hold immediately following Completion of the Offer.
Following release from escrow, Shares held by the Escrowed Shareholders will be able to be freely traded on NSX.
The absence of any sale of Shares by the Escrowed Shareholders during this period may cause, or at least contribute to, limited liquidity in the market for the Shares, which could affect the prevailing market price at which Shareholders are able to trade Shares and the volumes they are able to trade.