Upper Solu Hydro Electric Company Announces Conclusion of Lock-in Period for Promoters, Local Residents of the Project-Affected Area, And Employee Shares on Ashadh 29

Upper Solu Hydro Electric Company Limited (USHEC) published a notice regarding the expiration of the lock-in period of its promoter shares and employee shares, and the lock-in period will expire on 29th Ashadh, 2082.

According to the recent guidelines issued by the Securities Board of Nepal (SEBON), Upper Solu Hydro Electric Company Limited (USHEC) has officially notified its investors and stakeholders of the conclusion of the lock-in period for the shares held by its promoter shareholders and employees. In the next month of the 29th Ashadh, 2082, the lock-in period will end.

USHEC now has 13,500,000 units of shares listed on the Nepal Stock Exchange (NEPSE). Within the total of 13,500,000 units of shares, the promoters held 10,192,500 units, the residents of the project-affected area had 13,50,000 units of shares, and the company's employees had 39,150 units of shares, all subject to a lock-in period since the IPO allotment three years ago.

The total paid-up capital of the company is Rs. 1.35 Arba.

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.

USHEC closed at Rs. 425.34.

Notice: