Certain Ordinary Shares of Kistos Holdings Plc are subject to a Lock-Up Agreement Ending on 17-MAY-2022. These Ordinary Shares will be under lockup for 392 days starting from 20-APR-2021 to 17-MAY-2022.

Details:
The Locked-In Persons, who, assuming the maximum of £52.5 million is raised in the Equity Financing, at Admission are expected to hold in aggregate 24,252,453 Ordinary Shares (representing approximately 29.3% of the Enlarged Share Capital), have undertaken, save in limited circumstances, not to dispose of any of their interests in Ordinary Shares (including Ordinary Shares that they may acquire). In the case of Mr Austin, Mr Benmore and Mr Booth, the period of the lock-up runs until 25 November 2021 and in the case of the Vendor until the first anniversary of Admission.

In addition, in order to ensure an orderly market in the Ordinary Shares: (i) the Locked-In Persons have further undertaken, in respect of themselves and each of their connected persons, that for a further period of 12 months thereafter they will not (subject to certain limited exceptions) deal or otherwise dispose of any such interests other than through Panmure Gordon (or such other broker appointed by the Company from time to time); and (ii) the original pre-IPO subscribers of Ordinary Shares (other than the Locked-In Persons) have undertaken, in respect of themselves and each of their connected persons, that for a period of 12 months following Admission they will not (subject to certain limited exceptions) deal or otherwise dispose of any of their interests in the Ordinary Shares other than through Panmure Gordon (or such other broker appointed by the Company) from time to time.