Kathmandu. The lock-in period of more than 3.9 million units of Shares of People’s Power Limited is set to end on September 15.
Issuing a notice today, the company informed about the closing date of the lock-in period of 3,907,948 units of shares.
According to the company, the lock-in period of 3,226,000 units of founder shares, 49,348 units of employees and 632,600 units of shares held by locals is coming to an end.
In the case of the founding shareholders of the company, the purchase and sale will be done according to the prevailing law and the persons who are the board members among the founding shareholders and the employees at the highest level of the company will not be allowed to buy and sell.
The company had opened the IPO sale to the general public from August 15 to August 15, 2018. The IPO was held on September 29, 2020. There is a provision to keep the shares of founders, employees and locals in lock-in for three years from the date of IPO allotment.
