Citizen Life Insurance Company Limited Announces Conclusion of Lock-in Period for Promoters and Employee Shares on Bhadra 27
Summary
Citizen Life Insurance Company Limited has announced the end of the lock-in period for its promoters’ and employee shares on Bhadra 27, 2083. The company said the shares were subject to lock-in since the IPO allotment three years ago, and that board and higher-management shares will remain non-tradable.
Key Points
- Citizen Life Insurance Company Limited (CLI) has notified investors that the lock-in period for promoters’ and employees’ shares will end on Bhadra 27, 2083.
- The notice follows recent Securities Board of Nepal (SEBON) guidelines on share lock-in expiration.
- CLI has 50,000,000 listed shares on NEPSE, including 35,000,001 promoter shares and 750,000 employee shares.
- Shares held by the Board of Directors and higher management will not be tradable after the lock-in period ends.
