Rawa Energy Development Limited Announces Conclusion of Lock-in Period for Promoters, Project-Affected Area Locals and Employee Shares on Jestha 29

Rawa Energy Development Limited (RAWA) published a notice regarding the expiration of the lock-in period of its promoters, project-affected area and employees' shares, and the lock-in period will expire on 29th Jestha, 2083.

According to the recent guidelines issued by the Securities Board of Nepal (SEBON), Rawa Energy Development Limited (RAWA) 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 29th Jestha, 2083, the lock-in period will end.

RAWA now has 2,800,000 units of shares listed on the Nepal Stock Exchange (NEPSE). Of these, the promoters held 19,60,000 units, residents of the project-affected area are 87,670 units and the company's employees 15,047 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.

RAWA closed at Rs. 615.00 .

Notice: