Abhiyan Laghubitta Financial Institution Limited’s lock-in period for 1,537,500 shares will expire on Saun 29, allowing founders and employees to trade their shares thereafter.
Abhiyan Laghubitta Financial Institution Limited has announced that the lock-in period for 1,537,500 shares will end on Saun 29.
Currently, 1,525,000 shares held by the founder group and 12,500 shares held by employees are under lock-in. The lock-in was imposed in accordance with the Securities Board of Nepal’s directive, which requires shares allotted through IPO to be held locked-in for three years from the IPO allotment date
The company issued its IPO to the general public (including employees) between Shrawan 4 and 22 of 2079 BS, with allotment completed on Shrawan 30. Based on this, the lock-in period remains effective until Saun 29.
After the lock-in period ends, founder shareholders and employees will be allowed to trade their shares, which is expected to have a direct impact on the company’s share price in the market
However, the company has stated that board members and management-level employees will not be allowed to sell their shares until at least one year after their retirement.
This article was originally published on https://bajarkochirfar.com Translated with the help of AI and reviewed by our editorial team.
