Sebon issues instruction regarding issuance of right & auction shares notice on different media

To make the share issuance process easy, well managed  and to inform the investors on time regarding the issuance  and auction of right shares,  Securities Board of Nepal (SEBON) has issued  a directive to  the companies issuing right shares and the issue managers to follow the given instructions while issuing the right shares and auctioning of the same for the shareholders. A notice with a brief information related to right shares opening and closing date, the company issuing the right shares and the issue manager, the ratio of right shares must be published in :  At least 2 leading national level newspaper on the first week of right share issue open date At least 1 national level economic newspaper on the second week of right share issue open date At least 2 leading online news portals on the third week of right shares  issue open date At least 2 leading FM radio on the fourth week of right shares issue open date A soft copy of the notice should be submitted to sebon 2 days before the issuance of right shares opening date and the notice should also be published on the website of the respective company as well as of the issue managers too. Regarding the auction of the right shares, a notice with a brief information related to the amount of shares to be auctioned, minimum bid price, company’s name and information of the company must be published in 2 leading national level newspapers 15 days before the issue opens. The notice should also be kept on the website of the related company and the issue manager. Also, 2 days before the  auction opens, a soft copy must be submitted to SEBON in order to publish it on the website of SEBON. Also the auction notice should be published in: 2 leading  online  news portals 7 days before the auction opens 2 leading FM radios 5 days before the auction opens 2 leading economic newspaper 3 days before the auction opens