The lock-in period for shares held by founders, local residents, and employees of Swet-Ganga Hydropower and Construction Limited will expire on Saun 17, allowing these shareholders to trade their shares on the secondary market.
Lock-In Period for Key Shareholders Ending
The lock-in period for shares owned by the founders, local residents, and employees of Swet-Ganga Hydropower and Construction Limited is set to expire on Saun 17. After this date, these shareholders will be permitted to trade their shares on the secondary market.
Background on Lock-In Provision
As per company regulations, the shares allocated to founders, local residents, and employees have been under a three-year lock-in period since the company distributed shares to the general public. During this time, these shares remained inactive and could not be traded.
Shareholding Details Affected by Lock-In
- Founders’ Shares: 7.3 million shares
- Local Residents’ Shares: 1.593 million shares
- Employees’ Shares: 796,500 shares
With the lock-in period ending, these shares will now become freely tradable on the stock market.
This article was originally published on https://bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
