The lock-in period for 73.84 lakh shares of Sikles Hydropower, including promoter, local, and employee shares, will conclude on Asar 10, 2082 B.S.
Sikles Hydropower Company has announced that the lock-in period for certain shares will end on Asar 10, 2082 B.S. According to the company, a total of 73,84,500 shares held by promoters, project-affected local residents, and company employees will be released from lock-in.
Of these, promoters hold 65 lakh shares, project-affected local residents hold 8.5 lakh shares, and company employees hold 34,500 shares that will now be free from the lock-in restrictions.
However, the company clarified that directors and senior management-level employees will still not be allowed to buy or sell shares, even after the lock-in period ends, in accordance with internal regulations.
Under the rules of the Securities Board of Nepal (SEBON), shares allocated to promoters, local residents, and employees following an IPO must remain under lock-in for three years. Sikles Hydropower has confirmed it has been adhering to these regulations.
This article was originally published on https://bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
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