Ingwa Hydropower Limited Announces Conclusion of Lock-in Period for Promoters, Project-Affected Area Locals and Employee Shares on Baisakh 26

Ingwa Hydropower Ltd (IHL) published a notice regarding the expiration of the lock-in period of its promoters, residents of the project-affected area, and employee shares, and the lock-in period will expire on 26th Baisakh, 2083.

According to the recent guidelines issued by the Securities Board of Nepal (SEBON), Ingwa Hydropower Ltd (IHL) has officially notified its investors and stakeholders of the conclusion of the lock-in period for the shares held by its promoters, residents of the project-affected area, and employee shares. In the next month of the 26th Baisakh, 2083, the lock-in period will end.

IHL now has 6,000,000 units of shares listed on the Nepal Stock Exchange (NEPSE). Of these, the promoters held 42,00,000 units, the residents of the project-affected are 3,06,840 units, and the company's employees 29,863 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.

IHL closed at Rs. 496.90.

Notice: