River Falls Power Limited Announces Conclusion of Lock-in Period for Promoters, Local Residents of the Project-Affected Area, And Employee Shares on Jestha 8

River Falls Power Limited (RFPL) published a notice regarding the expiration of the lock-in period of its promoter shares, and employee shares will expire on the 8th of Jestha, 2082.

As per the recent guidelines issued by the Securities Board of Nepal (SEBON), River Falls Power Limited (RFPL) has officially provided notice to its investors and stakeholders on the conclusion of the lock-in period for the shares held by its promoters, residents of the project-affected area, and employee shares. The lock-in period will end in the next month of the 8th of Jestha, 2082.

RFPL now has 7,000,000 units of shares listed on the Nepal Stock Exchange (NEPSE). Within the total of 1,061,482 units of shares, the promoters held 3,570,000 units, the residents of the project-affected area had 7,00,000 units of shares, and the company's employees had 54,300 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. 70 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.

RFPL closed at Rs. 663.67.

Notice: