Vision Lumbini Urja Concludes Lock-in Period for Promoter, Local Resident, and Employee Shares
Vision Lumbini Urja Company Limited (VLUCL) has announced the expiration of the lock-in period for shares held by promoters, project-affected local residents, and employees, effective 4th Mangsir, 2083. The company has 19,125,000 shares listed on NEPSE, with the majority held by promoters. Shares held by the Board of Directors and senior management will remain non-tradable.
Vision Lumbini Urja Company Limited (VLUCL) has published a notice regarding the expiration of the lock-in period for shares held by its promoters, residents of the project-affected area, and employees. The lock-in period will end on 4th Mangsir, 2083.
According to recent guidelines issued by the Securities Board of Nepal (SEBON), VLUCL has officially notified investors and stakeholders of the conclusion of the lock-in period for shares held by its promoters and employees. The lock-in period, which began at the time of the IPO allotment three years ago, will officially conclude on 4th Mangsir, 2083.
VLUCL currently has 19,125,000 units of shares listed on the Nepal Stock Exchange (NEPSE). The shareholding structure is as follows:
- Promoters: 15,300,000 units
- Residents of the project-affected area: 1,424,790 units
- Employees: 38,250 units
As outlined in the official notice, shares held by the Board of Directors and employees at higher management will not be tradable after the lock-in period.
VLUCL's stock closed at Rs. 372.00.