IME Life Insurance Announces Conclusion of Lock-in Period for Promoters and Employee Shares on Ashadh 30

IME Life Insurance Company Limited (ILI) published a notice regarding the expiration of the lock-in period for its promoters' and employees' shares, which will expire on 30th Ashadh, 2083.

According to the recent guidelines issued by the Securities Board of Nepal (SEBON), IME Life Insurance Company Limited (ILI) has officially notified its investors and stakeholders that the lock-in period for the shares held by its promoters and employees has concluded. In the next month of the 30th Ashadh, 2083, the lock-in period will end.

ILI now has 50,000,000 units of shares listed on the Nepal Stock Exchange (NEPSE). Of these, the promoters held 2,80,00,000 units and the company's employees held 6,00,000 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.

ILI closed at Rs. 438.00.