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CITRUS Leisure (REEF) Warrant 19 on 91 Warrants converted to Normal Shares out of over 62 million shares

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Business Basil


Manager - Equity Analytics
Manager - Equity Analytics

Much famous Citrus Lesiure's (REEF) 2015 expiring Warrant - REEF Warrant 19 only 91 Warrant shares had been converted to Normal as only an investor or many investors who held 91 Warrants only exercised the share by paying Rs.40 per Warrant according to stock exchange disclosure.

Source Below

http://www.cse.lk/cmt/uploadAnnounceFiles/7321436152162_568.pdf

Warrant Issued on 24th December 2010 attached the rights;

Number of Warrants Exercise Price Warrant - 2015 - In the ratio of 1 Warrant for 1 Rights Share No. of REEF 19 Warrants issued 62,922,604 Warrants Exercise Price Per Share Rs. 40.00

The Warrant 19 ceases to trade on 31st May 2015. The warrant holders are entitled to exchange their warrants for an equal number of Ordinary Shares of the Company at Rs.40 per share, during the exercise period which is 1st June 2015 to 15th June 2015. 

Twenty largest warrant holders (W0019) of the company are as follows, 

Number of Shares % 
1 Pan Asia Banking Corporation Plc /Divasa Equity (Pvt) Ltd 18,364,740 29.19% 
2 Seylan Bank Plc / Tharana Gangul Thoradeniya 3,575,718 5.68% 
3 Mr R Serasinghe 1,350,000 2.15% 
4 Corona T Stores (Private) Limited 1,316,708 2.09% 
5 Mr W M L Thisera 1,169,000 1.86% 
6 Mr. W G T Disala 1,125,028 1.79% 
7 Mr. P R D P Perera 1,000,000 1.59% 
8 Seylan Bank PLC/ George Steuart Engineering (Pvt) Ltd 1,000,000 1.59% 
9 Mr R E Rambukwelle 925,000 1.47% 
10 Mr. J K B P Jayawardana 840,000 1.33% 
11 Mr. T R Weerasena 763,504 1.21% 
12 Mr. S R Fernando 708,798 1.13% 
13 Pan Asia Banking Corporation Plc/ Mr Ravindra Erle Rambukwelle 693,900 1.10% 
14 Mr. S M V S B Samarakoon 652,000 1.04% 
15 Mr. P L S Ariyananda 610,750 0.97% 
16 Mr. A R Ranaweera Kaluarachchige 600,000 0.95% 
17 Mrs K M Goonewardene 566,100 0.90% 
18 Miss M A L G Mudannayake 551,100 0.88% 
19 Mr T G Thoradeniya 516,536 0.82% 
20 Pan Asia Banking Corporation PLC/ Mr. S Gobinath 500,000 0.79% 36,828,882

nimantha80


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics

somone must have done this for fun

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