The lock-in period for 2 crore 86 lakh shares of IME Life Insurance Company Limited is ending today, allowing these shares to be traded in the market.
Today marks the end of lock-in period for IME Life Insurance Company Limited’s 2 crore 86 lakh shares. Since this period is over, these shares can now be easily bought and sold in the market.
Breakdown of the Unlocked Shares
Out of the total shares that are unlocking, 2 crore 80 lakh shares are owned by the promoter shareholders of the company. The remaining 6 lakh shares are those that were allocated to the company’s employees during the share issue.
Currently, the company has a total of 4 crore shares registered with Securities Board of Nepal.
Restrictions on Board Directors and Top Managers
Even though the lock-in period is ending, not all shares can be traded. The company announced that shares owned by directors and employees working in high managerial positions will remain locked. These shares will stay frozen as per the existing rules of the country.
AI Disclaimer: This article was originally published on https://bajarkochirfar.com. It has been translated with the help of AI. For the best understanding and accurate facts, we recommend reading the original Nepali version.
