Supermai Hydropower Limited Announces Conclusion of Lock-in Period for Promoters, Project-Affected Area Locals and Employee Shares on Falgun 04

Supermai Hydropower Limited (SMH) 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 4th Falgun, 2082.

According to the recent guidelines issued by the Securities Board of Nepal (SEBON), Supermai Hydropower Limited (SMH) 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 4th Falgun, 2082, the lock-in period will end.

Smh now has 5,350,000 units of shares listed on the Nepal Stock Exchange (NEPSE). Of these, the promoters held 42,80,000 units, the residents of the project-affected area 5,35,000 units, and the company's employees 10,700 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 will not be tradable after the lock-in period.

SMH closed at Rs. 716.00.

Notice: