SEBON Revises Share Sale Rules for Basic Shareholders, Introduces 15% Threshold and Stricter Purchase Disclosure
Summary
SEBON has tightened disclosure rules for basic shareholders of listed companies, raising the advance-notice threshold for share sales from 5% to 15% and shortening the notice period to five trading days. The regulator has also added a requirement to disclose subsequent share purchases in certain cases.
Key Points
- SEBON has revised rules for basic shareholders of listed companies, increasing the share-sale disclosure threshold to 15%.
- The advance notice period for selling shares after the lock-in period has been reduced from 15 days to five trading days.
- If a shareholder who announced a sale later buys shares of the same company without completing the sale, the purchase must now be disclosed.
- Listed companies must publish these sale and purchase details through NEPSE as soon as possible.
