The lock-in period for 3,907,948 shares of Peoples Power Company Limited has ended today. These include 3,226,000 founder shares, 632,600 shares issued to local residents, and 49,348 shares allotted to employees.
The company had issued its IPO for the general public from 31 July 2022 to 21 August 2022, and the shares were allotted on 28 August 2022.
According to the company, founder shareholders can now trade their shares as per existing laws. However, employees who are also board members will not be allowed to sell or buy their shares.
