Mandakini Hydropower Announces Conclusion of Lock-in Period for Promoters, Project-Affected Area Locals and Employee Shares on Shrawan 16

Mandakini Hydropower Limited (MHL) 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 16th Shrawan, 2082.

According to the recent guidelines issued by the Securities Board of Nepal (SEBON), Mandakini Hydropower has officially notified its investors and stakeholders of the conclusion of the lock-in period for the shares held by its promoters, local residents of the project-affected area, and employee shares. In the next month of the 16th Shrawan, 2082, the lock-in period will end.

MHL now has 64,67,671 units of shares listed on the Nepal Stock Exchange (NEPSE). Within the total of 64,67,671 units of shares, the promoters held 41,70,597 units, the residents of the project-affected area had 648,762 units of shares, and the company's employees had 25,858 units of shares, all 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.

MHL closed at Rs. 573.65.

Notice: