The Share Warrants issued by John Keells Holdings PLC (2015 Warrants – JKH.W0022) expire today (12 November). Any person who possesses such a warrant for 2015 should change it to an ordinary voting share by paying Rs. 161.87 for each.

While John Keells Holdings PLC has issues 50,281,136 share warrants for 2015, it expects to raise a revenue of Rs. 8,139,007,478.32 (Rs. 8.1 billion) through them at Rs. 161.87 each.

This revenue would be redirected towards the construction of the company’s Cinnamon Life super luxury hotel project in Colombo.

There is another share warrant issued by the company, which expire in 2016 and it expects to raise another Rs. 8.5 billion through the same.