Peoples Hydropower Company Limited Announces Conclusion of Lock-in Period for Promoters, Project-Affected Area Locals and Employee Shares on Mangsir 05
Summary
Peoples Hydropower Company Limited has announced the expiration of the lock-in period for shares held by promoters, project-affected locals, and employees on 5th Mangsir, 2082.
Key Points
- Peoples Hydropower Company Limited (PHCL) announced the lock-in period expiration for promoters, local residents, and employee shares on 5th Mangsir, 2082.
- The lock-in period was in place since the IPO allotment three years ago.
- PHCL has 32,000,000 shares listed on the Nepal Stock Exchange, with promoters holding 24,000,000 shares, locals 2,393,610 shares, and employees 168,190 shares.
- Shares held by Board of Directors and higher management employees will remain non-tradable after the lock-in period ends.
