River Falls Power Limited (RFPL) has issued a notice regarding the termination of the lock-in phase concerning its promoter shares, while employee shares will also reach expiration on the 8th of Jestha, 2082.
In accordance with the latest regulations released by the Securities Board of Nepal (SEBON), River Falls Power Limited (RFPL) has formally notified its investors and stakeholders about the end of the lock-in phase for shares owned by its promoters, residents in the project-affected vicinity, and employee shares. The lock-in phase is set to conclude next month on the 8th of Jestha, 2082.
Currently, RFPL has 7,000,000 shares available on the Nepal Stock Exchange (NEPSE). Out of a total of 1,061,482 shares, the promoters held 3,570,000 units, the residents of the project-affected area owned 700,000 shares, and the company’s workforce had 54,300 shares, all subjected to a lock-in phase since the IPO allotment three years prior.
The total paid-up capital for the company stands at Rs. 70 Crores.
As detailed in the official statement, shares owned by the Board of Directors and higher management employees will remain non-tradable after the lock-in phase concludes.
RFPL concluded trading at Rs. 663.67.
