The lock-in period for more than 84 lakh shares of Upper Mailung Khola Hydropower Limited is set to end on Kartik 2, 2083 BS.
Upper Mailung Khola Hydropower Limited has announced that lock-in period for its 84,90,800 unit shares is expiring on Kartik 2, 2083 BS. The company shared this information regarding shares held by promoter shareholders, local residents of project-affected areas, and employees.
Out of the total 1 crore shares registered with Securities Board of Nepal (SEBON), 84,90,800 shares were kept under the lock-in. Among these, 14,90,800 shares belong to promoter shareholders. The remaining 70 lakh shares are those which were allocated to local residents of the project-affected area and employees of the company.
Exceptions for Management
Although the lock-in period is ending for general promoters and locals, it will not apply to everyone. The company announced to keeping the shares of company directors and people in high-level management positions frozen as per the existing rules.
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.
