Sikles Hydropower Limited Announces Conclusion of Lock-in Period for Promoters, Project-Affected Area Locals and Employee Shares on Ashwin 10
Summary
Sikles Hydropower Limited's lock-in period for promoters, locals, and employee shares concludes on Ashwin 10, 2082, allowing these shares to be traded after three years since IPO allotment.
Key Points
- Sikles Hydropower Limited announced the end of the lock-in period for promoters, locals in the project-affected area, and employee shares on Ashwin 10, 2082.
- The company has 8,500,000 shares listed on Nepal Stock Exchange, with major portions held by promoters and locals under lock-in until now.
- The lock-in period has lasted three years since the IPO allotment.
- Shares held by the Board of Directors and higher management employees will remain untradable after the lock-in period.
