City Hotel Limited Announces Conclusion of Lock-in Period for Promoters and Employee Shares on Jestha 05

City Hotel Limited (CITY) published a notice regarding the expiration of the lock-in period of its promoters and employees' shares, and the lock-in period will expire on 5th Jestha, 2083.

According to the recent guidelines issued by the Securities Board of Nepal (SEBON), City Hotel Limited (CITY) has officially notified its investors and stakeholders of the conclusion of the lock-in period for the shares held by its promoters and employee shares. In the next month of the 5th Jestha, 2083, the lock-in period will end.

CITY now has 30,132,000 units of shares listed on the Nepal Stock Exchange (NEPSE). Of these, the promoters held 27,118,800 units and the company's employees 1,20,528 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 will not be tradable after the lock-in period.

CITY closed at Rs. 492.30.

Notice: