Certain Ordinary Shares of CURVES HOLDINGS Co., Ltd. are subject to a Lock-Up Agreement Ending on 28-AUG-2020.
August 27, 2020
Share
Certain Ordinary Shares of CURVES HOLDINGS Co., Ltd. are subject to a Lock-Up Agreement Ending on 28-AUG-2020. These Ordinary Shares will be under lockup for 180 days starting from 1-MAR-2020 to 28-AUG-2020.
Details:
In connection with the Offer, Hiroshi Koshidaka, who is a lender and is currently a shareholder of Koshidaka Holdings and is scheduled to become a shareholder of the Company through the spin-off, is a holder of stock acquisition rights of the Company and is currently a shareholder of Koshidaka Holdings. Directors of the Company, Gaku Masumoto, Maki Sakamoto and Yoko Masumoto, who will become shareholders of the Company, and Youzan Co., Ltd., IMO, Inc., Osamu Koshidaka, Miwako Koshidaka, Yoshihito Doi, Kazuhiro Asakura , Toshiyuki Sasaki, Koshihiro Co., Ltd., Akira Zama, Tomohiko Nishi, Shinya Matsuda, Masanori Murakami, Tomoko Miura, Daisuke Kato, Hikaru Saito, Yumeji Nakauchi and Yasushi Suzuki have signed a former underwriting agreement with the lead manager. During the period up to and including August 28, 2020, the 180th day after the listing (trading start) date (including the day) (hereinafter referred to as the “lock-up period”), the lead managing company Without the written consent of the Company, the sale of the Company's shares.
Curves Holdings Co Ltd is a Japan-based company mainly engaged in the operation of Curves, a fitness facility for women. The Curves segment is mainly engaged in the fitness club business. The domestic curve business is engaged in the introduction of system necessary for management guidance and business operation for franchisees (FC), the provision and sale of technology, equipment, product and printed matter, as well as the performance of support operations such as opening stores for franchisees and sale operations for members. The Company is also engaged in the development of directly managed stores. The overseas curves business is engaged in the management of royalties and sale of equipment used at stores to master franchisees around the world, including Japan, as well as the provision of operation support services to franchise member stores.