People's Power Limited Announces Conclusion of Lock-in Period for Promoters, Project-Affected Area Locals and Employee Shares on Bhadra 12

People's Power Limited (PPL) 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 12th Bhadra, 2082.

According to the recent guidelines issued by the Securities Board of Nepal (SEBON), People's Power Limited 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 12th Bhadra, 2082, the lock-in period will end.

PPL now has 9,489,000 units of shares listed on the Nepal Stock Exchange (NEPSE). Within the total of 9,489,000 units of shares, the promoters held 32,26,000 units, the residents of the project-affected area had 6,32,600 units of shares, and the company's employees had 49,348 units of shares, all 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.

PPL closed at Rs. 415.73.

Notice: