ASCOT Holdings warrants conversion after January 28

Stock-Market

Jan 18, 2016 (LBO) – ASCOT Holdings warrants conversion is to be carried out after January 28 as the warrants will cease to trade today, the company said in a stock exchange filing.

The holders of the warrants are entitled to exchange their warrants with an equal number of ordinary shares of the company at 25.00 rupees per share during the exercise period commencing January 28 to February 18.

“Warrants in respect of which the right to convert into ordinary shares are not exercised on or before 4.00 p.m. on expiration date shall have no right thereafter.” the company further said.