Information on potential demand in connection with the expiration of the lock-up period for shares under the Incentive Program
The Management Board of Selvita S.A. with its registered office in Krakow (“Company”) in connection with the Company’s Incentive Program for 2021-2024 (the “Incentive Program”), announces that as of July 9, 2022, the lock-up period (the duration of the commitment not to sell shares) for a total of 463.743 Company shares, which were granted to a total of 228 employees and associates of the Company under the Incentive Program, will expire.
The Company’s Management Board, in order to assess the risk of an oversupply of the Company’s shares on the market after the expiration of the first lock-up period, conducted an anonymous survey among the Incentive Program participants regarding potential interest in disposing of the Company’s shares during the 30-day period falling after the end of the lock-up period. A total of 55,7% of the Incentive Program participants participated in the survey. According to the declarations made in response to the questionnaire, only 5 participants of the Incentive Program holding a total of 6.291 shares in the Company declared their interest in selling their shares within 30 days after the expiration of the first lock-up period at a price of PLN 40 or less per share.
The survey conducted was non-binding in nature, the declarations made in response to the survey do not create a binding commitment to sell the Company’s shares. The Company’s Management Board cannot guarantee that the actual supply of the Company’s shares after the end of the first lock-up period will not differ from the declared one.
The Company reported on the Incentive Program in current reports no. 8/2021 dated April 20, 2021 and no. 13/2021 dated May 17, 2021.
Legal basis: Art. 17.1 MAR
Representatives of the Company:
- Bogusław Sieczkowski – President of the Management Board
- Dawid Radziszewski – Management Board Member