Upper Hewakhola Hydropower Announces Conclusion of Lock-in Period for Promoters, Local Residents of the Project-Affected Area, And Employee Shares on Ashadh 31

Upper Hewakhola Hydropower Company Limited (UHEWA) published a notice regarding the expiration of the lock-in period of its promoter shares and employee shares, and the lock-in period will expire on 31st Ashadh, 2082.

According to the recent guidelines issued by the Securities Board of Nepal (SEBON), Upper Hewakhola Hydropower Company Limited (UHEWA) has officially notified its investors and stakeholders of the conclusion of the lock-in period for the shares held by its promoter shareholders and employees. In the next month of the 31st Ashadh, 2082, the lock-in period will end.

UHEWA now has 5,000,000 units of shares listed on the Nepal Stock Exchange (NEPSE). Within the total of 5,000,000 units of shares, the promoters held 3,000,000 units, the residents of the project-affected area had 5,00,000 units of shares, and the company's employees had 30,000 units of shares, all subject to a lock-in period since the IPO allotment three years ago.

The total paid-up capital of the company is Rs. 50 Crores.

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.

UHEWA closed at Rs. 577.41.

Notice: