Bhugol Energy Development Company Limited Announces Conclusion of Lock-in Period for Promoters, Project-Affected Area Locals and Employee Shares on Baisakh 02

Bhugol Energy Development Company Limited (BEDC) published a notice regarding the expiration of the lock-in period of its promoters, local residents of the project-affected area, and employee shares, and the lock-in period will expire on 2nd Baisakh, 2083.

According to the recent guidelines issued by the Securities Board of Nepal (SEBON), Bhugol Energy Development Company Limited (BEDC) has officially notified its investors and stakeholders of the conclusion of the lock-in period for the shares held by its promoters, residents of the project-affected area, and employee shares. In the next month of the 2nd Baisakh, 2083, the lock-in period will end.

BEDC now has 5,440,534 units of shares listed on the Nepal Stock Exchange (NEPSE). Of these, the promoters held 3,808,374 units, the residents of the project-affected are 85,020 units, and the company's employees 19,420 units. These shares have been subject to a lock-in period since the IPO allotment three years ago.

As outlined in the official notice, the shares held by the Board of Directors and employees at higher management won't be tradable after the lock-in period.

BEDC closed at Rs. 541.00.