Environmental Resources Investment Plc (GREG) yesterday informed to the stock exchange that shareholders of the company approved the extension of the expiry date of 2011 warrant, in an Extra Ordinary General Meeting.
On the verge of the exercise date deadline of the company’s 2011 warrants (GREG.W0001) on May 13, major shareholder, European Hedge Fund,
Lionhart Investment Ltd in a newspaper advertisement said it has resolved to extend the exercisable and expiry dates of the warrants.
Accordingly Lionhart said that the exercisable date and expiry date of 104.31 million 2011 warrants that were issued pursuant to the resolution passed at the EGM held on 23 April 2009, should commence on 1 November 2011 and expire at 4pm on 21 December 2011.
“Cut-off date with respect of the said 2011 warrants shall mean 1 November 2011, and the expiration date of the said 2011 warrants shall mean 4pm 21 December 2011.”
The warrants were originally scheduled to expire on 3 June 2011.
source - www.dailymirror.lk
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