Emerging Nepal Limited Announces Conclusion of Lock-in Period for Promoters And Employee Shares on Falgun 3

Emerging Nepal Limited (ENL) published a notice regarding the expiration of the lock-in period of its promoter shares, and employee shares will expire on the 3rd Falgun, 2081.

As per the recent guidelines issued by the Securities Board of Nepal (SEBON), Emerging Nepal Limited (ENL) has officially provided notice to its investors and stakeholders on the conclusion of the lock-in period for the shares held by its promoter shareholders, and employees. In the next month of the 3rd Falgun, the lock-in period will end.

ENL now has 5,556,000 units of shares listed on the Nepal Stock Exchange (NEPSE). Within the total of 5,556,000 units of shares, the promoters held 5,000,400 units, and the company's employees had 11,112 units of shares, all subject to a lock-in period since the IPO allotment three years ago.

The total paid-up capital of the company is Rs. 55.56 Crores.

As outlined in the official notice, the shares held by the Board of Directors and employees at higher management won't be tradable after the lock-in period.

ENL closed at Rs. 1,177.00.

Notice: