Brief: Swvl's Founders, SPAC Sponsor, Certain Pre-Business Combination Investors Voluntarily Extend Lock-Up Reinforcing Long-Term Commitment

Swvl Holdings

13/07/2022 11:46

July 13 (Reuters) - Swvl Holdings Corp  SWVL.O :
    * SWVL'S FOUNDERS, SPAC SPONSOR AND CERTAIN PRE-BUSINESS
COMBINATION INVESTORS VOLUNTARILY EXTEND LOCK-UP REINFORCING
LONG-TERM COMMITMENT
    * SWVL HOLDINGS CORP - LOCK-UP EXTENSIONS APPLY TO
APPROXIMATELY
84% OF TOTAL NUMBER OF CURRENTLY OUTSTANDING SWVL SHARES
    * SWVL HOLDINGS - FOUNDERS, SPAC SPONSOR AND CERTAIN
PRE-BUSINESS
COMBINATION INVESTORS HAVE EXTENDED LOCKUPS TO 6 MONTHS BEYOND
ORIGINAL RELEASE DATE
    * SWVL HOLDINGS CORP - A TOTAL OF 31 EXTENSION AGREEMENTS
WERE
EXECUTED
    * SWVL HOLDINGS CORP - CERTAIN LOCK-UP HOLDERS HAVE NOW
COMMITTED
TO EXTEND THIS TIME PERIOD TO 12 OR 18 MONTHS FOLLOWING MARCH
31, 2022

Source text for Eikon:  ID:nPn3G9B02a 
Further company coverage:  SWVL.O 

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