Certain Shares of Puuilo Oyj are subject to a Lock-Up Agreement Ending on 23-JUN-2022. These Shares will be under lockup for 365 days starting from 23-JUN-2021 to 23-JUN-2022.

Details:
The company and Adelis have entered in to a lockup agreement by which they will not sell shares for a period of 180 day from the listing date.

The members of the board of directors, management team of the company, the sellers (excluding Adelis), certain shareholders and personnel participants have agreed not to sell shares for a period of 360 days from the listing date. In aggregate the terms of lock-up agreements apply to approximately 57.5 percent of the shares after the offering without the over-allotment option.