KATHMANDU, Dec 13: The Securities Board of Nepal (SEBON) has issued instructions to notify one month in advance of the expiration of the lock-in period for shares traded in the capital market.
Ambika Prasad Giri, Deputy Executive Director of the SEBON, stated that SEBON sent a letter on Monday to Nepal Stock Exchange Limited (NEPSE), CDS and Clearing Limited, and all organizations listed in NEPSE.
Share market to reopen from next week
Founders and locally affected shareholders of NEPSE-listed organizations are permitted to trade shares in the secondary market only after a specific period, known as the 'lock-in period.' In accordance with Monday's board instructions, organizations are now required to inform at least 30 days before the conclusion of the specified 'lock-in period' so that shares of the founding group and other groups cannot be sold.
SEBON emphasized that this directive aims to ensure the effective implementation of 'lock-in' arrangements and to inform general investors about it. The listed organization must communicate the opening period of the 'lock-in period' to SEBON, Nepal Stock Exchange, and CDS and Clearing Limited, as outlined in the instructions.
