#ILUS #Confirms #Share #LockUp #Opportunity
NEW YORK, NY, Sept. 29, 2022 (GLOBE NEWSWIRE) — via NewMediaWire — 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…
