Upakar Laghubitta Announces Conclusion of Lock-in Period for Promoters And Employee Shares on Baishakh 8

Upakar Laghubitta Bittiya Sanstha Limited (ULBSL) published a notice regarding the expiration of the lock-in period of its promoter shares, and employee shares will expire on the 8th of Baishakh, 2082.

As per the recent guidelines issued by the Securities Board of Nepal (SEBON), Upakar Laghubitta Bittiya Sanstha Limited (ULBSL) 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. The lock-in period will end in the next month of the 8th Baishakh, 2082.

ULBSL now has 1,061,482 units of shares listed on the Nepal Stock Exchange (NEPSE). Within the total of 1,061,482 units of shares, the promoters held 4,20,000 units, and the company's employees had 3,281 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. 10.61 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.

ULBSL closed at Rs. 3,577.88.

Notice: