Upper Syange Hydropower Ltd. has announced the completion of the lock-in period for promoter and employee-owned shares, marking an important regulatory milestone for the company.
Company Information
| Particulars | Details |
|---|---|
| Company | Upper Syange Hydropower Ltd. |
| Established | 2063 B.S. |
| Reference No. | USHL-40-2082/083 |
| Notice Issued To | Nepal Electricity Authority, Nepal Stock Exchange (NEPSE), CDS & Clearing Ltd. |
Shares Released from Lock-in
| Category | Number of Shares | Status |
|---|---|---|
| Promoter Shares | 1,330,000 | Lock-in Completed on 2082/03/21 |
| Nepal Electricity Authority Shares | 200,000 | Registered |
| Employee Shares | 13,000 | Registered |
| Total | 1,543,000 | — |
Official Statement
According to the notice issued by the company, the lock-in period applicable to promoter and employee-owned shares has officially ended. The announcement was made in accordance with directives received from the Nepal Electricity Authority dated 2080/08/25.
The company stated that the completion of the lock-in period reflects compliance with prevailing capital market regulations and promotes greater transparency in the market.
Market Impact
The release of 1.543 million shares from lock-in is expected to increase the free-float shares available for trading in the secondary market.
Key implications include:
- Improved market liquidity.
- Potential increase in daily trading volume.
- Greater flexibility for existing shareholders.
- Enhanced transparency and regulatory compliance.
- Strengthened investor confidence in the company.
Conclusion
The completion of the lock-in period represents a significant development for Upper Syange Hydropower Ltd. As additional shares become eligible for trading, investors may observe increased market activity in the company's stock. The move also demonstrates the company's commitment to regulatory compliance and good corporate governance practices.
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