Shareholders representing 95 per cent of the capital of the Spanish stock exchanges group, BME, have signed a 180-day lock-up agreement affecting all shares not sold in the IPO once the time period set at the Extraordinary General Shareholders’ Meeting on 5 June has ended. The Board of Directors considers this percentage sufficient and as a result the IPO will go ahead as scheduled.
BME shareholders had the choice of selling all their shares, only a portion of their shareholdings, or holding on to all their shares. Shareholders electing not to sell all their shares have committed to the 180-day lock-up.
On another front, the shareholders of BME formally announced the sale of 27,653,093 shares, representing 33.07 per cent of the Company’s total share capital, in the IPO in a notarised act held today at the Palacio de la Bolsa. The period for subscribing to the Offering began on 6 June and ended on 12 June.