Lock-in Period of Over 3.9 Million Shares of Peoples Power Expires Today

Kathmandu – The lock-in period of 3.907 million shares of Peoples Power Company Limited has expired today. These include promoter shares, shares issued to local residents, and shares reserved for employees, which were under a three-year lock-in period.

Out of the total, 3.226 million are promoter shares, 632,600 shares were allocated to locals, and 49,348 shares were reserved for employees. The company had issued its IPO to the general public from July 15 to August 21, 2022 (2079 Saun 31 – Bhadra 5) and allotted the shares on August 28, 2022 (2079 Bhadra 12).

According to the company, promoter shareholders can now trade their holdings, but those who are also board members or employees will still be restricted from trading as per existing legal provisions.