Maya Khola Hydropower Company Limited has announced that the lock-in period for its total 7,648,000 shares will end today. The shares under lock-in include founder shares, shares allocated to local residents, and shares reserved for employees. Out of the total, 6,600,000 shares are founder shares, 1,000,000 shares were allocated to local residents, and 48,000 shares are reserved for employees.
The company had issued an IPO for local residents from Mangsir 23 to Poush 17, 2079 B.S., and for the general public, including employees, from Magh 13 to 17, 2079 B.S. The IPO allotment for the general public was completed on Magh 26, 2079 B.S.
According to the Securities Registration and Issue Regulations, founder shares, as well as shares allocated to local residents and employees, must remain under lock-in for three years from the allotment date. During this period, these shares cannot be sold.
Additionally, the company has clearly stated that directors and senior-level employees are prohibited from buying or selling shares while in office and for one year after leaving their positions.
This article was originally published on https://bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
