According to the company, a total of 6,030,628 shares held in the names of founders, project-affected locals, and employees are set to complete their lock-in period. Of these, 5,320,000 shares are held by the founder group, 678,600 shares are allocated to project-affected locals, and 32,028 shares are held by employees.
These shares were placed under a three-year lock-in period following the IPO allotment, preventing the founders and employees from selling their shares during this period. Once the lock-in period ends, the founders and employees will be allowed to sell their shares. However, the company clarified that directors and senior management personnel will not be permitted to sell their shares immediately after the lock-in period expires.
This development is significant for Makar Jitumaya Suri Hydropower, as it marks the first opportunity for founders and employees to liquidate shares acquired during the IPO allotment, potentially affecting market liquidity for the company’s shares.
This article was originally published on https://bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
