Kathmandu. The lock-up period of 55,27,500 units of shares held by the promoter shareholders and employees of Nepal Warehousing Company Limited is coming to an end.

The company has written a letter to the Securities Board of Nepal, CDS and Clearing Limited and Nepal Stock Exchange (NEPSE) informing them that the lock-in period of the shares will end after December 19.

According to the company, the shares held during the lock period include 55 lakh units of promoter shareholders and 27,500 units of employees. These shares were held during the three-year lockout period.

According to the directive of the Securities Board of Nepal, a public notice should be published 30 days before the end of the lockout period. According to this provision, the company will publish a notice in the National Daily on November 3.

The company said it is going to issue a public notice to inform the promoter shareholders, employees, regulatory bodies and other stakeholders about the expiry of the lockout period.

After the end of the lock-in period, the concerned shareholders will be able to trade in the shares subject to the prevailing legal and regulatory provisions.