Certain Shares of Pharnext S.A. are subject to a Lock-Up Agreement Ending on 11-JAN-2017. These Shares will be under lockup for 182 days starting from 13-JUL-2016 to 11-JAN-2017. Details: Existing shareholders had agreed not sell the shares for 180 days, 90% of their shares for 270 days, 80% of their shares for 360 days and 50% of their shares for 540 days from the listing date, i.e. July 18, 2016.