Mai Khola Hydropower Limited Announces Conclusion of Lock-in Period for Promoters, Project-Affected Area Locals and Employee Shares on Baisakh 18

Mai Khola Hydropower Limited (MKHL) published a notice regarding the expiration of the lock-in period of its promoters, local residents of the project-affected area, and employee shares, and the lock-in period will expire on Baisakh 18, 2083.

According to the recent guidelines issued by the Securities Board of Nepal (SEBON), Mai Khola Hydropower Limited (MKHL) 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 Baisakh 18, 2083, the lock-in period will end.

MKHL now has 3,921,568 units of shares listed on the Nepal Stock Exchange (NEPSE). Of these, the promoters held 2,000,000 units, the residents of the project-affected are 392,157 units, and the company's employees 30,588 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 won't be tradable after the lock-in period.

MKHL closed at Rs. 801.00 .

Notice: