SEBON Holds Talks With Investor Groups over 15 Day Pre-Sale Notice Rule of Basic Shareholder
Summary
SEBON has begun talks with investors and market stakeholders over a rule requiring basic shareholders of listed companies to give 15 days' prior notice before selling 5% or more of their shares. The discussion focused on the rule’s purpose, implementation details and investor concerns.
Key Points
- SEBON has initiated discussions on a new pre-sale notice rule for basic shareholders of listed companies.
- The rule requires shareholders planning to sell 5% or more of their holdings to notify the company at least 15 days in advance.
- The company must then disclose the notice publicly through the Nepal Stock Exchange (NEPSE).
- Investor associations and market stakeholders participated in the interaction program to raise concerns and seek clarification.
