Ridi Hydropower to distribute 6% bonus shares from Chaitra 22; releasing locked-in promoter shares for trading

Ridi Hydropower Development Company Limited (RHPC) is going to distribute 6% bonus share certificate to its shareholders from Chaitra 22, 2073. As per the notice published by the hydropower company today, the bonus shares can be collected from the company’s head office in 5^th Floor, Trade Tower, Thapathali, Kathmandu. Shareholders that have already dematerialized their shares will have bonus shares automatically deposited to their demat accounts. Letter of authorization along with copy of citizenship certificate is mandatory if the shareholder cannot collect the certificate themselves. Release of locked-in promoter shares Promoter shares of hydropower companies have three years lock-in period and can only be traded after three years from the date of IPO allotment. The promoter shares of RHPC are going to be released on Chaitra 18, 2073 (today). Now, the shares can be traded freely in the secondary market just like ordinary shares.