EVERTEC announces partial release of lock-up agreement

theflyonthewall.com

EVERTEC announced that Goldman, Sachs & Co. and J.P. Morgan Securities LLC, joint bookrunners of the Company’s initial public offering in April 2013, have agreed to waive certain lock-up restrictions applicable to the Company and certain shares of the Company’s common stock. This waiver will permit the sale of such shares by selling stockholders, including shares held by certain officers and current and former employees of the Company, subject to the execution of an underwriting agreement and new lock-up agreements in connection with the recently announced proposed offering.

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