Manushi Microfinance Employee Share Lock-in Period Ending

The lock-in period for shares owned by employees of Manushi Microfinance Financial Institution is ending on August 23. According to the microfinance institution, the lock-in period for 54,689 shares owned by employees will end on this day.

Manushi Microfinance had issued an IPO to the general public and distributed the shares on August 23, 2021. According to the directive of the Nepal Securities Board, shares held by the founder shareholders and shares distributed to the employees must be kept in a lock-in period for three years from the date of issuance to the general public.

Among the founder shareholders, directors and high-level employees of the company are not allowed to buy or sell shares.

Currently, the paid-up capital of Manushi Microfinance is 109.3 million rupees. Founder shareholders own 64 percent, or 700,000 shares, while the general public owns 36 percent, or 393,700 shares.