R.E.A. Holdings plc (RE.) 
R.E.A. Holdings plc: Result of Meeting concerning enhanced proposals in 
respect of 8.75 percent guaranteed sterling notes 2020 
 
31-March-2020 / 12:07 GMT/BST 
Dissemination of a Regulatory Announcement that contains inside information 
according to REGULATION (EU) No 596/2014 (MAR), transmitted by EQS Group. 
The issuer is solely responsible for the content of this announcement. 
 
R.E.A. Holdings plc ("REA Holdings") 
REA Finance B.V. ("REA Finance") 
 
    Enhanced proposals to extend the date for repayment of the 8.75 per cent 
   guaranteed sterling notes 2020 issued by REA Finance B.V. and irrevocably 
   and unconditionally guaranteed by R.E.A. Holdings plc and R.E.A. Services 
            Limited (the "sterling notes") 
 
            Results of general meeting of the holders of the sterling notes 
 
 At the general meeting of the holders of the sterling notes held today, the 
     requisite extraordinary resolution approving the proposals for, amongst 
    other things, the extension of the repayment date for the sterling notes 
            from 31 August 2020 to 31 August 2025 was duly passed. 
 
    The holders of a total of GBP30,852,000 nominal of the sterling notes were 
        eligible to vote at the general meeting, with each GBP1,000 nominal of 
   sterling notes carrying one vote on a poll. The vote was taken on a poll. 
   Proxies were received for use in connection with the general meeting with 
       the following instructions (treating proxies giving discretion to the 
            chairman as a "for" instruction): 
 
                     Votes For      Votes      Votes       Votes 
                    (including Discretion    Against    Withheld 
                    Chairman's      Third 
                   discretion)      Party 
     Extraordinary 
     resolution to 
      sanction the 
proposed extension 
  to the repayment  20,320,000 0           1,600,000   4,875,000 
      date for the 
    sterling notes 
    from 31 August 
 2020 to 31 August 
    2025 and other 
        matters as 
   detailed in the 
 notice of meeting 
 
            Implementation of the enhanced proposals 
 
 Accordingly, it is expected that the proposals detailed in the announcement 
  by REA Holdings and REA Finance on 6 March 2020 as enhanced as detailed in 
      the announcement by REA Holdings and REA Finance on 20 March 2020 (the 
            "enhanced proposals") will become effective on 1 April 2020. 
 
            Warrant strike price 
 
Pursuant to the enhanced proposals, REA Holdings will issue Noteholders with 
a total of 4,010,760 warrants each entitling the holder to subscribe one new 
    ordinary share in the capital of REA Holdings at a price equal to 20 per 
     cent above the average of the middle market quotations for the ordinary 
    shares on each of the dealing days between 26 February 2020 and 26 March 
 2020 (inclusive) (as derived from the Daily Official List), payable in full 
            on subscription. 
 
Such subscription price has now been calculated to be GBP1.26 per new ordinary 
            share. 
 
Enquiries: 
R.E.A Holdings plc 
Tel: 020 7436 7877 
 
ISIN:          GB0002349065 
Category Code: ROM 
TIDM:          RE. 
LEI Code:      213800YXL94R94RYG150 
Sequence No.:  55608 
EQS News ID:   1011585 
 
End of Announcement EQS News Service 
 
 

(END) Dow Jones Newswires

March 31, 2020 07:07 ET (11:07 GMT)