AMTD IDEA, AMTD Digital, and TGE Announce Long Term Commitment from All Executive Directors and Core Management of Key Operations and Subsidiaries
AMTD IDEA Group (NYSE: AMTD), AMTD Digital (NYSE: HKD), and The Generation Essentials Group (NYSE: TGE) have announced significant lock-up commitments from their executive leadership. All executive directors and core management of key operations and subsidiaries have voluntarily agreed to a 2-year lock-up period for their equity holdings in all three companies.
This agreement extends existing lock-up commitments and aligns with a previous 3-year lock-up arrangement made by AMTD Group, AMTD IDEA Group, and AMTD Digital regarding their TGE equity securities, effective from June 3, 2025, following TGE's business combination with Black Spade Acquisition II Co.
AMTD IDEA Group (NYSE: AMTD), AMTD Digital (NYSE: HKD) e The Generation Essentials Group (NYSE: TGE) hanno annunciato che i rispettivi vertici esecutivi hanno assunto impegni di lock‑up significativi. Tutti gli amministratori esecutivi e i dirigenti chiave delle principali attività e delle controllate hanno volontariamente concordato un periodo di lock‑up di 2 anni sulle loro partecipazioni azionarie nelle tre società.
Questo impegno estende le clausole di lock‑up già in essere e si allinea al precedente accordo di lock‑up di 3 anni sottoscritto da AMTD Group, AMTD IDEA Group e AMTD Digital relativo ai titoli azionari TGE, efficace dal 3 giugno 2025 a seguito della business combination di TGE con Black Spade Acquisition II Co.
AMTD IDEA Group (NYSE: AMTD), AMTD Digital (NYSE: HKD) y The Generation Essentials Group (NYSE: TGE) han anunciado compromisos de lock‑up significativos por parte de su equipo ejecutivo. Todos los directores ejecutivos y la dirección central de las operaciones clave y filiales han acordado voluntariamente un periodo de lock‑up de 2 años sobre sus participaciones accionarias en las tres compañías.
Este acuerdo amplía los compromisos de lock‑up existentes y se alinea con el anterior acuerdo de lock‑up de 3 años suscrito por AMTD Group, AMTD IDEA Group y AMTD Digital respecto a los valores de TGE, vigente desde el 3 de junio de 2025 tras la combinación de negocios de TGE con Black Spade Acquisition II Co.
AMTD IDEA Group (NYSE: AMTD), AMTD Digital (NYSE: HKD), 및 The Generation Essentials Group (NYSE: TGE)는 경영진의 중대한 락업(lock‑up) 약정을 발표했습니다. 주요 사업 및 자회사 핵심 경영진과 전임 이사 전원이 자발적으로 세 회사의 지분에 대해 2년간의 락업 기간에 동의했습니다.
이번 약정은 기존 락업 약정을 연장하는 것이며, TGE가 Black Spade Acquisition II Co.와의 기업결합을 마친 후인 2025년 6월 3일부터 발효된 AMTD Group, AMTD IDEA Group 및 AMTD Digital의 TGE 주식에 대한 이전 3년 락업 약정과도 일치합니다.
AMTD IDEA Group (NYSE: AMTD), AMTD Digital (NYSE: HKD) et The Generation Essentials Group (NYSE: TGE) ont annoncé d'importants engagements de lock‑up de la part de leur direction exécutive. Tous les administrateurs exécutifs et la direction centrale des principales activités et filiales ont volontairement accepté une période de lock‑up de 2 ans pour leurs participations dans les trois sociétés.
Cet accord étend les engagements de lock‑up existants et s'aligne sur l'antérieure convention de lock‑up de 3 ans conclue par AMTD Group, AMTD IDEA Group et AMTD Digital concernant les titres TGE, effective à compter du 3 juin 2025, suite à la combinaison d'activités de TGE avec Black Spade Acquisition II Co.
AMTD IDEA Group (NYSE: AMTD), AMTD Digital (NYSE: HKD) und The Generation Essentials Group (NYSE: TGE) haben bedeutende Lock‑up‑Zusagen ihrer Geschäftsführung angekündigt. Alle geschäftsführenden Direktoren und das Kernmanagement der wichtigsten Betriebe und Tochtergesellschaften haben freiwillig einem 2‑jährigen Lock‑up‑Zeitraum für ihre Beteiligungen an allen drei Gesellschaften zugestimmt.
Diese Vereinbarung erweitert bestehende Lock‑up‑Zusagen und steht im Einklang mit der früheren 3‑jährigen Lock‑up‑Vereinbarung von AMTD Group, AMTD IDEA Group und AMTD Digital für deren TGE‑Wertpapiere, die ab dem 3. Juni 2025 mit der Geschäftszusammenführung von TGE und Black Spade Acquisition II Co. in Kraft trat.
- Strong commitment from leadership demonstrated through voluntary 2-year lock-up agreements
- Extended lock-up period shows management's confidence in long-term growth potential
- Alignment of interests between management and shareholders across all three entities
- Reduced market liquidity due to lock-up of significant equity holdings
- Limited ability for executives to diversify their holdings for 2 years
Specifically, all executive officers and management of key operations and subsidiaries have undertaken not to sell any equity securities they own in AMTD IDEA, AMTD Digital and TGE in the open market for 2 years commencing on the date of this press releases. This extends the existing lock-up commitments from the executive officers of AMTD IDEA and AMTD Digital in respect of their equity securities in AMTD IDEA and AMTD Digital to include also the core management team as well as TGE.
As previously announced, AMTD Group, AMTD IDEA Group and AMTD Digital have also committed to a lock up in respect of their equity securities in TGE for a period of 3 years from June 3, 2025, the date TGE consummated its business combination with Black Spade Acquisition II Co.
About AMTD Group Inc.
AMTD Group is a conglomerate with a core business portfolio spanning across media and entertainment, education and training, and premium assets and hospitality sectors.
About AMTD IDEA Group
AMTD IDEA Group (NYSE: AMTD; SGX: HKB) represents a diversified institution and digital solutions group connecting companies and investors with global markets. Its comprehensive one-stop business services plus digital solutions platform addresses different clients' diverse and inter-connected business needs and digital requirements across all phases of their life cycles. AMTD IDEA Group is uniquely positioned as an active super connector between clients, business partners, investee companies, and investors, connecting the East and the West. For more information, please visit www.amtdinc.com or follow us on X (formerly known as "Twitter") at @AMTDGroup.
About AMTD Digital Inc.
AMTD Digital Inc. (NYSE: HKD) is a comprehensive digital solutions platform headquartered in
About The Generation Essentials Group
The Generation Essentials Group (NYSE: TGE), jointly established by AMTD Group, AMTD IDEA Group (NYSE: AMTD; SGX: HKB) and AMTD Digital Inc. (NYSE: HKD), is headquartered in
Safe Harbor Statement
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For more information, please contact:
For AMTD IDEA Group:
IR Office
AMTD IDEA Group
EMAIL: ir@amtdinc.com
For AMTD Digital Inc.:
IR Office
AMTD Digital Inc.
EMAIL: ir@amtdigital.net
For The Generation Essentials Group:
IR Office
The Generation Essentials Group
EMAIL: tge@amtd.world
View original content:SOURCE AMTD Digital; AMTD IDEA Group; The Generation Essentials Group
FAQ
What is the duration of the new lock-up agreement for AMTD IDEA, AMTD Digital, and TGE executives?
How long is the lock-up period for AMTD Group's holdings in TGE?
Who is affected by the new lock-up agreement for AMTD, HKD, and TGE shares?
What does the lock-up agreement mean for AMTD, HKD, and TGE shareholders?
When did TGE complete its business combination with Black Spade Acquisition II Co?
