Zeev's Turnips Patch-No Politics (ZEEV)

[madrose1]

ICE IntercontinentalExchange announces additional lock-up period for founding shareholders (76.41 +0.83)

Co announced that certain of its founding shareholders have agreed to enter into new lock-up agreements, effective May 22, 2006, following the May 20 expiration of the existing 180-day lock-up period that was associated with the co's initial public offering. The new lock-up agreements have been entered into in anticipation of the co's filing of a registration statement for a possible secondary offering to be conducted on behalf of these shareholders later this summer. Under the terms of the new agreements, the additional lock-up period will be for a period beginning on May 20 and extending until 90 days following the completion of the proposed secondary offering. If a registration statement is not filed by June 16, 2006, the new agreements will terminate. Currently, these shareholders own an aggregate of 31.7 mln shares of the co's common stock, all of which is currently subject to the existing initial public offering lock-up. Under the new agreements, 90% of their shares of common stock, or approximately 28.5 mln shares, will be subject to the additional lock-up period. These shareholders may sell up to 10% of their shares following the expiration of the initial public offering lock-up period, and have agreed to do so pursuant to a coordinated sales program organized by an investment bank.