Liberty Energy issuing 15,00,000 units IPO shares to project-affected locals from today

Wed, Jul 22, 2020 10:23 AM on IPO/FPO News, Latest,
Liberty En...

Liberty Energy Company Limited is re-issuing its 15,00,000 units IPO shares to the project affected locals from Shrawan today (Shrawan 7, 2077). This issue will close on 21 Shrawan, 2077.

The residents of Dordi Village Municipality Ward no. 6 and 7, Lamjung have been identified as "most affected." Similarly, other wards of the same Village Municipality and ward no. 11 of Besisahar Municipality have been identified as "affected" while all other residents of Lamjung have been identified as minimally affected.

A minimum of 10 and a maximum of 10,000 units can be applied.

The company had issued these units from Falgun 27 of last year for the locals. However, because of the nationwide lockdown effective from Chaitra 11 the same year, all the procedures had been postponed.

Because of this, the company has reissued its shares from Shrawan 7. Applicants will have to submit their application by Shrawan 21.

Furthermore, the Pay Back Period of Liberty Energy is 8.2 years while the Discounted Pay Back Period is 16.77 years.

The description letter can be accessed and received via NIBL Ace Capital Limited, Lazimpat, Kathmandu, and the office of Liberty Energy Company Limited, Kalikasthan, Kathmandu. Moreover, it can also be downloaded via the websites of the two institutions mentioned above and also via the website of SEBON.

Meanwhile, the application form can be received from and submitted to the branches of any bank that is a C-ASBA member approved by SEBON.

Announcement