The lockup period for Warburg Pincus and Zentiva’s management should end today, September 5, following the placement of 3 million shares at the beginning of May. The placement was executed at CZK 800 per share or a 7.5% discount to the previous closing price. Warburg Pincus now holds 47.6% and management 12.2% in Zentiva. Trading with Zentiva’s shares may be volatile due to the potential placement of up to 10% of Zentiva, which would still give Warburg Pincus and management control of a 50+% stake in the company.