ILUS Confirms Share Lock-Up Opportunity
September 29 2022 - 1:25PM
InvestorsHub NewsWire
NEW YORK, NY -- September 29, 2022 -- InvestorsHub NewsWire
-- ILUS International Inc (OTC:
ILUS) is a Mergers and Acquisitions company focused on
acquiring and growing public safety and industrial companies across
the globe. The company has achieved rapid growth since new
management took the reins in January 2021 and is planning the
completion of several large acquisitions as well as an up-list to a
major stock exchange.
In line with this progress and in an effort to create maximum
value for its long-term shareholders, ILUS will be providing its
shareholders with an opportunity to lock-up ILUS shares in a
preference category as follows:
- Shareholders will be given the opportunity to lock-up common
ILUS shares in a preference category for a period of 24 months
- Participating Shareholders will receive a percentage in
consideration of the number of ILUS common shares they choose to
lock-up
- Participating Shareholders may receive a consideration
percentage in ILUS shares which offers the opportunity for these
shares to be converted for shares in Emergency Response
Technologies (ERT) or any other ILUS subsidiary where legally
possible.
- Further details including the consideration percentage, share
conversion information and potential related benefits will be
confirmed at the launch of the lock-up
“In conjunction with our completed audit, which is being
followed by our Form 10 submission, additional completed
acquisitions, an up-list and further exciting developments, we are
now confident that the lock-up will greatly reward our
participating long-term shareholders,” said ILUS Managing Director,
John-Paul Backwell.
The lock-up opportunity will soon be made available to all ILUS
Shareholders as per the following procedure and conditions:
- First, ILUS will make an announcement confirming the full
details of the lock-up to participating Shareholders
- Following this announcement, Shareholders who choose to
participate in the lock-up will be able to register their details
on the ILUS website
- Participating Shareholders will be required to sign an
electronic Lock-up and Leak-out Agreement confirming that they
shall refrain from publicly selling their common stock for a
period of 24 months, and shall adhere thereafter to a twelve (12)
month leak-out period whereby they
agree to limit their sale or transfer of shares
- At any time during the Lock-Up Period, the Shareholder may not
publicly sell the Shares beneficially owned by the Shareholder. The
Shareholder may privately sell the Shares at any time but the
legend on the Lock-up will remain
- All Shares subject to the Leak-out Agreement will bear an
applicable legend at the Transfer Agent
- Shareholders withfree trading ILUS securities held at
the Depository Trust Company (DTC) will be required to
deposit their ILUS stock certificates to ILUS’ Transfer Agent to
affix the appropriate restrictive legend therein
- At the confirmed start date to be provided by ILUS,
participating Shareholders who have registered, completed the
necessary documentation and procedure will be issued their lock-up
and consideration percentage confirmation
ILUS CEO, Nick Link, commented: “Our focus has been on
establishing a solid foundation for our business which will
transform the sectors we operate in at the same time as it
repeatedly delivers optimal value for our shareholders. As planned,
our business is now taking multiple giant leaps forward and
shareholders who continue on this journey with us for the
longer-term will have the opportunity to obtain maximum value.”
For further information on the companies please see the ILUS
communication channels.
Website:https://ilus-group.com
Twitter: ILUS_INTL
Email:IR@Ilus-Group.com
Source: ILUS
Related Links
https://ilus-group.com
Forward-Looking Statement
Certain information set forth in this press release contains
"forward-looking information", including "future-oriented financial
information" and "financial outlook", under applicable securities
laws (collectively referred to herein as forward-looking
statements). Except for statements of historical fact, the
information contained herein constitutes forward-looking statements
and includes, but is not limited to, the (I) projected financial
performance of the Company; (ii) completion of, and the use of
proceeds from, the sale of the shares being offered hereunder;
(iii) the expected development of the Company's business, projects,
and joint ventures; (iv) execution of the Company's vision and
growth strategy, including with respect to future M&A activity
and global growth; (v) sources and availability of third-party
financing for the Company's projects; (vi) completion of the
Company's projects that are currently underway, in development or
otherwise under consideration; (vi) renewal of the Company's
current customer, supplier and other material agreements; and (vii)
future liquidity, working capital, and capital requirements.
Forward-looking statements are provided to allow potential
investors the opportunity to understand management's beliefs and
opinions in respect of the future so that they may use such beliefs
and opinions as one factor in evaluating an investment. These
statements are not guarantees of future performance and undue
reliance should not be placed on them. Such forward-looking
statements necessarily involve known and unknown risks and
uncertainties, which may cause actual performance and financial
results in future periods to differ materially from any projections
of future performance or result expressed or implied by such
forward-looking statements. Although forward-looking statements
contained in this presentation are based upon what management of
the Company believes are reasonable assumptions, there can be no
assurance that forward-looking statements will prove to be
accurate, as actual results and future events could differ
materially from those anticipated in such statements. The Company
undertakes no obligation to update forward-looking statements if
circumstances or management's estimates or opinions should change
except as required by applicable securities laws. The reader is
cautioned not to place undue reliance on forward-looking
statements. The Securities and Exchange Commission ("SEC") has
provided guidance to issuers regarding the use of social media to
disclose material non-public information. In this regard, investors
and others should note that we announce material financial
information via official Press Releases, in addition to SEC
filings, press releases, Questions & Answers sessions, public
conference calls and webcasts also may take time from time to time.
We use these channels as well as social media to communicate with
the public about our company, our services, and other issues. It is
possible that the information we post on social media could be
deemed to be material information. Therefore, considering the SEC's
guidance, we encourage investors, the media, and others interested
in our company to review the information we post on the following
social & media channels:
website:https://ilus-group.com Twitter:
ILUS_INTL
Note: ILUS Coin does not sit within ILUS International Inc
(Ilustrato Pictures International Inc), so the public are
recommended to follow the correct Media Channels relating to the
public company OTC: ILUS.
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