Shuvam Power Limited Announces Conclusion of Lock-in Period for Promoters, Project-Affected Area Locals and Employee Shares on Magh 26

Shuvam Power Limited (SPL) has published a notice regarding the expiration of the lock-in period for its promoters, residents of the project-affected area, and employee shares. The lock-in period will expire on 26th Magh, 2082.

According to the recent guidelines issued by the Securities Board of Nepal (SEBON), Shuvam Power Limited (SPL) 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 26th Magh, 2082, the lock-in period will end.

SPL now has 2,000,000 units of shares listed on the Nepal Stock Exchange (NEPSE). Of these, the promoters held 1,400,000 units, the residents of the project-affected area 19,420 units, and the company's employees 11,600 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.

SPL closed at Rs. 845.00 .

Notice: