R.E.A. Holdings plc: Further re 8.75% sterling notes 2020 (1012745)

 
 R.E.A. Holdings plc (RE.) 
R.E.A. Holdings plc: Further re 8.75% sterling notes 2020 
 
01-Apr-2020 / 14:06 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") 
 
Implementation of the 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") 
 
The relevant parties have executed the documents necessary to give effect to 
 the enhanced proposals referred to above (the "enhanced proposals") and REA 
     Holdings has issued a total of 4,010,760 warrants to subscribe ordinary 
  shares in the capital of REA Holdings ("REA ordinary shares") ("warrants") 
to the holders of the sterling notes on the basis of 130 warrants per GBP1,000 
 nominal of sterling notes held at the close of business (London time) on 24 
                                                                 March 2020. 
 
                      Accordingly, the enhanced proposals are now effective. 
 
     The sterling notes are thus now due for repayment on 31 August 2025 (or 
earlier in the event that a holder of sterling notes who is also a holder of 
     warrants validly elects, on exercise by such holder of the subscription 
 rights attaching to the warrants held by him, to satisfy all or part of the 
      subscription price payable for the REA ordinary shares to be issued on 
 exercise by him of his warrants by the redemption of sterling notes or by a 
                      mixture of cash and the redemption of sterling notes). 
 
A premium of 4p per GBP1 nominal of sterling notes will now be paid on 
redemption of the sterling notes on 31 August 2025 (or earlier in the event 
of default) or on surrender of the sterling notes in satisfaction, in whole 
or in part, of the subscription price payable on exercise of the warrants on 
the final subscription date (namely 15 July 2025). The premium will not be 
payable on redemption of the sterling notes on surrender of the sterling 
notes in satisfaction, in whole or in part, of the subscription price 
payable on exercise of the warrants on any subscription date other than the 
final subscription date). 
 
Enquiries: 
R.E.A Holdings plc 
Tel: [phone] 
 
ISIN:          GB0002349065 
Category Code: FUR - R.E.A Holdings plc 
TIDM:          RE. 
LEI Code:      213800YXL94R94RYG150 
Sequence No.:  55903 
EQS News ID:   1012745 
 
End of Announcement EQS News Service 
 
 

(END) Dow Jones Newswires

April 01, 2020 09:06 ET (13:06 GMT)