495,621 Ordinary Shares of Mader Group Limited are subject to a Lock-Up Agreement Ending on 1-OCT-2020.
October 30, 2020
Share
495,621 Ordinary Shares of Mader Group Limited are subject to a Lock-Up Agreement Ending on 1-OCT-2020. These Ordinary Shares will be under lockup for 367 days starting from 30-SEP-2019 to 1-OCT-2020.
Details:
A total of 150,000,000 which comprising 112,000,000 shares held by Luke Mader, Amy Mader and their controlled entities and 38,000,000 shares held by Skye Alba Pty. Ltd an entity controlled by Craig Burton fully paid ordinary shares subject to voluntary escrow until October 30, 2020.
A total of 495,621 fully paid ordinary shares subject to voluntary escrow for a period of 12 months from the date of commencement of Official Quotation.
A total of 1,139,115 fully paid ordinary shares subject to voluntary escrow for a period of 3 months from the date of commencement of Official Quotation.
Mader Group Limited is a provider of specialist technical services across multiple industries. The principal activities of the Company include provision of specialized labor and support for the maintenance of heavy mobile equipment and fixed infrastructure in the global resource sector. Its segments include Australia, North America, and the Rest of World. It provides a range of services, such as rail services, digger support team, drill support team, fabrication, and line boring, processing infrastructure, non-processing infrastructure, power generation and marine, field support, maintenance projects, electrical services, component exchange, rapid response teams, rostered support, HME shutdown teams, specialized tool hire, Mader clean team, trade upgrade program, and training national workforces. It provides maintenance solutions for the rail freight and transport industry. It offers a range of generator and marine engine servicing, preventative maintenance, and repair services.