Nepal Warehousing Company Announces Conclusion of Lock-in Period for Promoters And Employees Shares on Mangsir 19

Nepal Warehousing Company Limited (NWCL) published a notice regarding the expiration of the lock-in period of its promoters' and employees' shares, which will expire on 19th Mangsir, 2083.

According to the recent guidelines issued by the Securities Board of Nepal (SEBON), Nepal Warehousing Company Limited (NWCL) 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 19th Mangsir, 2083, the lock-in period will end.

NWCL now has 6,875,000 units of shares listed on the Nepal Stock Exchange (NEPSE). Within the total of 6,875,000 units of shares, the promoters held 55,00,000 units, and the employees held 27,500 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.

NWCL closed at Rs. 526.00.