Certain Shares of Alm. Brand A/S are subject to a Lock-Up Agreement Ending on 5-JUN-2022.
June 04, 2022
Share
Certain Shares of Alm. Brand A/S are subject to a Lock-Up Agreement Ending on 5-JUN-2022. These Shares will be under lockup for 191 days starting from 26-NOV-2021 to 5-JUN-2022.
Details:
Pursuant to the Underwriting Agreement, from the date of the Underwriting Agreement, being the same date as the Prospectus Date, until the date falling 180 calendar days after the fifth business day after 26 November 2021 (inclusive) (or such other date as may be agreed in writing between the Company and the Joint Global Coordinators), the Company has undertaken not to, without the prior written consent of the Joint Global Coordinators, (i) allocate, offer, issue (or contract to allocate or issue), or directly or indirectly lend, sell, transfer, pledge, lien, charge, grant any rights in respect of or security or an option over its Shares, or enter into any other agreement or arrangement having a similar effect, or in any way, whether directly or indirectly, dispose of the legal title to or beneficial interest in its Shares, including any New Shares, or publicly disclose the intention to make any such allocation, issue, sale, transfer, pledge, lien, charge, grant or offer; or (ii) enter into any swap or other agreement, arrangement or transaction that transfers, confers or allocate, in whole or in part, directly or indirectly, any of the economic consequences of the ownership of its Shares; or (iii) carry out any capital increases or issue any convertible bonds, exchangeable bonds or other securities which are convertible, exchangeable, exercisable into, or otherwise give the right to subscribe for or acquire its Shares, whether directly or indirectly, (whether any such swap, agreement, arrangement or transaction described in (i) or (ii) above is to be settled by delivery of Shares, cash or otherwise); or (iv) make any announcement or other publication of the intention to do any of the foregoing or make any filing with respect thereto. The foregoing undertaking shall not apply to: (a) the issuance of the Preemptive Rights and the New Shares; (b) the sale of Pre-emptive Rights received in connection with the Offering in respect of treasury shares; (c) transfers or issues of any kind of Company securities to the Company's employees and its subsidiaries' employees, executive management or members of the Company's board of directors in accordance with existing or adopted future employee incentive programmes; or (d) submission to Shareholders of a proposal to adopt, increase and/or extend authorisations to the Board of Directors to issue securities and any resulting increase in the share capital of the Company according to the Articles of Association.
ALM. Brand A/S is a Denmark-based holding company engaged in the provision of insurance and financial services. The Companyâs activities are divided into three business areas: non-life insurance, which offers a range of insurance products, which focus primarily on the personal, commercial and agricultural segment; banking, providing deposit and lending products, pensions and home finance, as well as investment consultancy; and life insurance and pension, which provides corporate pension plans, pension savings, as well as insurance cover, including death, disability and critical illness cover. It operates a number of sales centers and branches across Denmark. Furthermore, the Company is a parent of Alm Brand Forsikring A/S, Alm Brand Praemieservice ApS, Alm Brand Bank A/S, Forsikringsselskabet Alm Brand Liv og Pension A/S, and Alm Brand Leasing A/S, among others.
ALM. BRAND A/S 
