R.E.A. Holdings plc: Further re placing of preference shares and purchase of sterling notes

Dow Jones received a payment from EQS/DGAP to publish this press release.

 
 
 R.E.A. Holdings plc (RE.) 
R.E.A. Holdings plc: Further re placing of preference shares and purchase of 
sterling notes 
 
16-Oct-2017 / 08:49 GMT/BST 
Dissemination of a Regulatory Announcement, transmitted by EQS Group. 
The issuer is solely responsible for the content of this announcement. 
 
R.E.A. Holdings plc ("REA" or the "company") 
 
Further re placing of preference shares and purchase of sterling notes 
 
It was announced on 9 October 2017 that 8,358,768 new 9 per cent cumulative 
preference shares of GBP1 each (the "new preference shares") had been placed 
firm by Guy Butler Limited ("Guy Butler") at a price per share of GBP1 plus 
accrued dividend up to the date of settlement. The placing remained 
conditional only upon admission of the new preference shares to the standard 
listing segment of the Official List of the Financial Conduct Authority and 
to trading on the London Stock Exchange's main market for listed securities. 
 
Admission has now become effective and the 8,358,768 new preference shares 
have been issued. 
 
It was also announced that the company had purchased through Guy Butler 
GBP248,000 nominal of the 9.5 per cent guaranteed sterling notes 2015/17 
issued by the subsidiary company, REA Finance N.V. ("REAF") and falling due 
for redemption on 31 December 2017 ("2017 sterling notes"). The purchase of 
2017 sterling notes at 100 per cent of their principal amount, together with 
accrued interest up to and including the date of settlement, has been 
settled and the 2017 sterling notes so purchased are now cancelled. 
Accordingly, there remain in issue GBP8,076,000 nominal of 2017 sterling notes 
due for redemption on 31 December 2017. 
 
Enquiries: 
 
R.E.A. Holdings plc 
 
Tel: [phone] 
 
ISIN:          GB0002349065 
Category Code: FUR - . 
TIDM:          RE. 
LEI Code:      213800YXL94R94RYG150 
Sequence No.:  4742 
 
End of Announcement EQS News Service 
 
619061 16-Oct-2017 
 
 

(END) Dow Jones Newswires

October 16, 2017 03:53 ET (07:53 GMT)