Lead Real Estate Co., Ltd Announces Voluntary Lock-up Restrictions for Management and Senior Officers

June 21, 2024

https://www.globenewswire.com/news-release/2024/06/21/2902285/0/en/Lead-Real-Estate-Co-Ltd-Announces-Voluntary-Lock-up-Restrictions-for-Management-and-Senior-Officers.html

TOKYO, Japan, June 21, 2024 (GLOBE NEWSWIRE) — Lead Real Estate Co., Ltd (Nasdaq:LRE) (“LRE” or “the Company”), a Japanese real estate developer of luxury residential properties, including single-family homes and condominiums across Tokyo, Kanagawa prefecture and Sapporo, today announces that on May 8, 2024, Chairman and Chief Executive Officer, Eiji Nagahara, Chief Financial Officer, Daisuke Takahashi, and a director of the Company voluntarily entered into lock-up agreements for the benefit of the Company (the “Lock-up Agreements”). The Lock-up Agreements cover approximately 12 million LRE shares they collectively own, representing about 90% of the outstanding shares of the Company.

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