Nepal Republic Media Limited Announces Conclusion of Lock-in Period for Promoters and Employee Shares on Ashad 10

Nepal Republic Media Limited (NRM) published a notice regarding the expiration of the lock-in period of its promoters and employees' shares, and the lock-in period will expire on 10th Ashad, 2083.

According to the recent guidelines issued by the Securities Board of Nepal (SEBON), Nepal Republic Media Limited (NRM) has officially notified its investors and stakeholders of the conclusion of the lock-in period for the shares held by its promoters and employee shares. In the next month of the 10th Ashad, 2083, the lock-in period will end.

NRM now has 9,675,000 units of shares listed on the Nepal Stock Exchange (NEPSE). Of these, the promoters held 5,322,000 units and the company's employees 80,159 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 will not be tradable after the lock-in period.

NRM closed at Rs. 364.10  .

Notice: