Makar Jitumaya Suri Hydropower Limited Announces Conclusion of Lock-in Period for Promoters, Project-Affected Area Locals and Employee Shares on Chaitra 28

Makar Jitumaya Suri Hydropower Limited (MAKAR) 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 28th Chaitra, 2082.

According to the recent guidelines issued by the Securities Board of Nepal (SEBON), Makar Jitumaya Suri Hydropower Limited (MAKAR) 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 28th Chaitra, 2082, the lock-in period will end.

MAKAR now has 7,600,000 units of shares listed on the Nepal Stock Exchange (NEPSE). Of these, the promoters held 5,320,000 units, the residents of the project-affected are 32,028 units, and the company's employees 678,600 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.

MAKAR closed at Rs. 542.00 .

Notice: