Upper Hewakhola Hydropower Company Limited Notifies Intent of Promoter Shareholder to Sell 50,000 Shares

Upper Hewakhola Hydropower Company Limited (UHKHPC) has submitted a formal notice to Nepal Stock Exchange Limited (NEPSE) disclosing that one of its promoter shareholders, Bhimlal Paudyal, has applied to the company expressing intent to sell 50,000 of the promoter shares he currently holds, with the sale expected to take place within the coming three months.

The company received this application on 2083/06/07 B.S. and has issued the disclosure in compliance with Section 84, Sub-section (1) of the Securities Act, 2063, and pursuant to the directive issued by the Securities Board of Nepal (SEBON) to all listed companies vide letter dated 2083/05/09 (Letter No. 499). Under this directive, promoter shareholders intending to sell 5 percent or more of their held shares must provide advance notice at least 15 days prior to the sale.

Copies of this notice have also been forwarded to the Securities Board of Nepal (Kumaltar), CDS and Clearing Limited (Pulchowk, Kathmandu), the Electricity Regulatory Commission (Sano Gaucharan, Kathmandu), the Office of the Company Registrar (Tripureshwor, Kathmandu), and NMB Capital Limited (Baluwatar, Kathmandu), the company's share registrar. The letter is signed by Sanjib Basnet, Company Secretary of UHKHPC.