Mathillo Mailun Khola Jalvidhyut Announces Conclusion of Lock-in Period for Promoters Local Residents of the Project Affected Area And Employees Shares on Kartik 02

Mathillo Mailun Khola Jalvidhyut Limited (MMKJL) published a notice regarding the expiration of the lock-in period of its promoters', residents of the project-affected area, and employees' shares, which will expire on 2nd Kartik, 2083.

According to the recent guidelines issued by the Securities Board of Nepal (SEBON), Mathillo Mailun Khola Jalvidhyut Limited (MMKJL) has officially notified its investors and stakeholders of the conclusion of the lock-in period for the shares held by its promoters and employees. On 2nd Kartik, 2083, the lock-in period will end.

MMKJL now has 10,000,000 units of shares listed on the Nepal Stock Exchange (NEPSE). Within the total of 10,000,000 units of shares, the promoters held 70,00,000 units; the residents of the project-affected area and the employees held 14,90,800 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 will not be tradable after the lock-in period.

MMKJL closed at Rs. 355.20.

Notice: