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Brief: Impreger and MFE Say Shareholders' Agreement For Impresa Provides 3-Year Lock-Up Period

March 30 (Reuters) - Impreger and MFE MFEB.MI:

SAID ON FRIDAY, SHAREHOLDERS' AGREEMENT FOR IMPRESA IMPA.LS PROVIDES FOR LOCK-UP PERIOD OF 3 YEARS FROM DATE OF EXECUTION OF SHAREHOLDERS' AGREEMENT

DURING THAT PERIOD EACH PARTY MAY NOT TRANSFER, DISPOSE, ENCUMBER ITS SHARES OR ACQUIRE SHARES OR ANY RIGHTS CONVERTIBLE INTO SHARES

DURING LOCK-UP PERIOD MFE MAY NOT ACQUIRE OR HOLD SHARES OR INTERESTS REPRESENTING MORE THAN ONE THIRD OF SHARE CAPITAL OR VOTING RIGHTS OF IMPRESA

DURING THAT PERIOD MFE MAY NOT AIM OBTAINING, OR SEEKING TO OBTAIN, CONTROL OVER IMPRESA AND/OR MATERIAL INFLUENCE OVER MANAGEMENT, STRATEGY OR POLICY DECISIONS OF IMPRESA

SHAREHOLDERS' AGREEMENT SHALL HAVE INITIAL TERM OF 10 YEARS FROM DATE OF ITS EXECUTION AND SHALL BE AUTOMATICALLY RENEWED FOR ADDITIONAL PERIODS OF 5 YEARS

PARTIES SHALL MAINTAIN DIVIDEND DISTRIBUTION POLICY APPROPRIATE AND CONSISTENT WITH LEVELS OF INDEBTEDNESS, INVESTMENT NEEDS AND GOOD MANAGEMENT PRACTICES OF GROUP COMPANIES

AT LEAST 50% OF DISTRIBUTABLE PROFIT FOR EACH FINANCIAL YEAR SHALL BE DISTRIBUTED TO SHAREHOLDERS

 Source text nFWN3ZY1NY
 Further company coverage: IMPA.LS

 (Gdansk Newsroom)

 ((gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00;))

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