The lock-in period for 3,912,814 shares of Bhugol Energy Development Company Limited will expire after Baisakh 2.
Bhugol Energy Development Company Limited has announced that the lock-in period for a total of 3,912,814 shares will end after Baisakh 2. According to the company, the shares include 3,808,374 shares held by the founder group, 85,020 shares held by local residents, and 19,420 shares allocated to employees.
These shares had been kept under a three-year lock-in period from the date of the company’s IPO allotment to the general public, as per regulatory requirements. The company had allotted its IPO to the general public on Baisakh 3, 2080.
After the lock-in period expires, the shares will become eligible for trading in the secondary market. However, the company clarified that directors and employees holding senior management positions will not be allowed to immediately trade their shares, while other shareholders will be able to sell their holdings.
The company has appointed NIC Asia Capital Limited as its share registrar.
This article was originally published on https://bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
