Peoples Hydropower Company Limited Announces Conclusion of Lock-in Period for Promoters, Project-Affected Area Locals and Employee Shares on Mangsir 05

Peoples Hydropower Company Limited (PHCL) 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 5th Mangsir, 2082.

According to the recent guidelines issued by the Securities Board of Nepal (SEBON), Peoples Hydropower Company Limited (PHCL) 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 5th Mangsir, 2082, the lock-in period will end.

PHCL now has 32,000,000 units of shares listed on the Nepal Stock Exchange (NEPSE). Of these, the promoters held 24,000,000 units, the residents of the project-affected area 23,93,610 units, and the company's employees 1,68,190 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.

PHCL closed at Rs. 347.10.

Notice: