Shareholder Update
Published on
As disclosed in the Company’s AIM admission document dated 8 December 2010, a Significant Shareholder, Ruth Hubert, voluntarily undertook to the Company, its Nomad and Joint Brokers not to transfer or dispose of 3,987,630 shares prior to 10 June 2011 under a lock-in agreement. It has recently come to the Board’s attention that in the period 25 February 2011 to 30 March 2011 this shareholder has sold 130,000 shares.
Hummingbird announces that, in conjunction with Liberum Capital Limited and Mirabaud Securities LLP acting as Nomad and Joint Broker respectively, with effect from 1 April 2011 it has agreed to waive the voluntary restrictions on transfers and disposals given by this shareholder under the lock-in agreement. Lock-in agreements with the Directors and management, and their relevant connected persons, remain in place as required by the AIM Rules, details of which are set out in the admission document.
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