Greenlife Hydropower Announces Conclusion of Lock-in Period for Promoters, Project-Affected Locals, and Employee Shares on Falgun 06

Greenlife Hydropower Limited (GLH) published a notice regarding the expiration of the lock-in period of its promoters, local shareholders of the project area, and its employee shares on Falgun 06, 2080.

As per the recent guidelines issued by the Securities Board of Nepal (SEBON), Greenlife Hydropower Limited (GLH) has officially provided notice to its investors and stakeholders on the conclusion of the lock-in period for the shares held by its promoters, local shareholders, and its employees. In the next month of Falgun 6th, the lock-in period will end.

GLH has 18,000,000 units of shares listed on the Nepal Stock Exchange (NEPSE). Out of the total shares, the promoters have 1,44,00,000 units, the residents of the project-affected area have 1,03,600 units and its employees have 69,928 units of shares which were on a lock-in period from the past 3 years since IPO allotment. Additionally, 34,26,472 units of IPO shares were issued to the general public.

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

Notice