Gateley enters new five-year orderly market agreement

Michael Ward, Gateley

Gateley, the legal and professional services group, has entered into a new five-year orderly market agreement with its partners which places certain restrictions on the sale of ordinary shares in the company.

The New Agreement will become effective on 8 June 2020 following the expiry of the current lock-in arrangements, which were put in place at the time of the Company’s admission to AIM in June 2015.

Of the 81 Partners who were subject to the current lock-in agreement at Admission, 75 remain with the Group.

Michael Ward, CEO of Gateley, said: “I am delighted with the overwhelming support Partners have shown in the Group in signing the New Agreement which continues to demonstrate their long-term commitment to the Group. I believe that the New Agreement secures the continuation of a stable platform from which internal and external shareholders can invest with confidence.”