Sikles Hydropower Limited Announces Conclusion of Lock-in Period for Promoters, Project-Affected Area Locals and Employee Shares on Ashwin 10

Sikles Hydropower Limited (SIKLES) 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 10th Ashwin, 2082.

According to the recent guidelines issued by the Securities Board of Nepal (SEBON), Sikles Hydropower Limited 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 10th Ashwin, 2082, the lock-in period will end.

SIKLES now has 8,500,000 units of shares listed on the Nepal Stock Exchange (NEPSE). Within the total of 8,500,000 units of shares, the promoters held 65,00,000 units, the residents of the project-affected area had 8,50,000 units of shares, and the company's employees had 34,500 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.

SIKLES closed at Rs. 876.98.