Sayapatri Hydropower Announces Conclusion of Lock-in Period for Promoters, Project-Affected Area Locals and Employee Shares on Shrawan 23

Sayapatri Hydropower Limited (SPHL) 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 23rd Shrawan, 2082.

According to the recent guidelines issued by the Securities Board of Nepal (SEBON), Sayapatri Hydropower has officially notified its investors and stakeholders of the conclusion of the lock-in period for the shares held by its promoters, local residents of the project-affected area, and employee shares. In the next month of the 23rd Shrawan, 2082, the lock-in period will end.

SPHL now has 3,000,000 units of shares listed on the Nepal Stock Exchange (NEPSE). Within the total of 3,000,00 units of shares, the promoters held 21,00,000 units, the residents of the project-affected area had 178,940 units of shares, and the company's employees had 14,421 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 won't be tradable after the lock-in period.

SPHL closed at Rs. 673.51.

Notice: