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RE. R.e.a. Holdings Plc

85.25
-0.75 (-0.87%)
03 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
R.e.a. Holdings Plc LSE:RE. London Ordinary Share GB0002349065 ORD 25P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.75 -0.87% 85.25 84.00 86.50 90.00 85.00 90.00 30,517 16:35:25
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Chemicals & Chem Preps, Nec 208.78M 27.78M 0.6318 1.35 37.37M

R.E.A. Holdings plc: Further re further investment by DSN in REA Kaltim

29/02/2024 7:00am

EQS Regulatory News


R.E.A. Holdings plc (RE.)
R.E.A. Holdings plc: Further re further investment by DSN in REA Kaltim

29-Feb-2024 / 07:00 GMT/BST


R.E.A. Holdings plc ("REA" or the "company")

 

Closing of subscription agreement with PT Dharma Nusantara Satya ("DSN")

Dividend in respect of 9 per cent cumulative preference shares (the “preference shares”)

 

As detailed in the company’s circular to shareholders, dated 25 January 2024,  the company has entered into a share subscription agreement with DSN pursuant to which it has been agreed, inter alia, that a subsidiary of DSN will subscribe for additional shares in the company’s principal operating subsidiary, PT REA Kaltim Plantations ("REA Kaltim"), so as to increase DSN's interest in REA Kaltim from 15 per cent to 35 per cent (the "DSN share subscription").

 

Following the previously announced approval of the share subscription agreement at the REA general meeting held on 12 February 2024, REA is now pleased to announce that all conditions of the DSN share subscription have been satisfied. Closing is expected to take place on 8 March 2024 with the immediate financial settlements due on closing expected to be completed by 15 March 2024.

 

Upon full settlement of the immediate amounts due on closing, the directors intend to declare a dividend in respect of all of the outstanding arrears of dividends on the preference shares (amounting in aggregate to 11.5p per preference share) for payment on a date to be determined in accordance with the London Stock Exchange’s dividend procedure timetable. Accordingly, payment of the preference dividend may be expected to be made by 15 April 2024.

 

Enquiries:

R.E.A. Holdings plc

Tel: 020 7436 7877

 

 



Dissemination of a Regulatory Announcement that contains inside information in accordance with the Market Abuse Regulation (MAR), transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.


ISIN: GB0002349065
Category Code: FUR - -
TIDM: RE.
LEI Code: 213800YXL94R94RYG150
Sequence No.: 306654
EQS News ID: 1847687

 
End of Announcement EQS News Service

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