The ‘Lock-in’ period of Greenlife Hydropower is set to expire on February 19th

Kathmandu: Greenlife Hydropower Limited has set February 19th as the expiration date for the ‘lock-in’ period for founder shares, local residents, and employees. After the lock-in period, the founder shareholders, local residents, and employees who have held the shares will be eligible for trading. The company had conducted a share lock-in on February 21, 2021, for the general public.

Following this date, a provision has been made for the founder shareholders, local residents, and employees to hold their shares in the lock-in for up to three years. The company currently has 1,440,000 founder shares, 103,600 local resident shares, and 69,928 employee shares under lock-in.

Individuals serving on the management committee and those in higher positions within the company are not allowed to sell their shares, as per the information provided by the company.

 

By Ghising

Leave a Reply

Your email address will not be published. Required fields are marked *