Vision Lumbini Urja Company Limited Announces Conclusion of Lock-in Period for Promoters Local Residents of the Project Affected Area And Employees Shares

Vision Lumbini Urja Company Limited (VLUCL) published a notice regarding the expiration of the lock-in period of its promoters', residents of the project-affected area, and employees' shares, which will expire on 4th Mangsir, 2083.

According to the recent guidelines issued by the Securities Board of Nepal (SEBON), Vision Lumbini Urja Company Limited (VLUCL) has officially notified its investors and stakeholders of the conclusion of the lock-in period for the shares held by its promoters and employees. On  4th Mangsir, 2083, the lock-in period will end.

VLUCL now has 19,125,000 units of shares listed on the Nepal Stock Exchange (NEPSE). Within the total of 19,125,000 units of shares, the promoters held 15,300,000 units, the residents of the project-affected area held 14,24,790 unit and the employees held 38,250 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 will not be tradable after the lock-in period.

VLUCL closed at Rs. 372.00 .

Notice: