R.E.A.Hldgs PLC Further re issue of 7.5% dollar notes 2022 (7233P)
November 21 2016 - 7:14AM
UK Regulatory
TIDMRE.
RNS Number : 7233P
R.E.A.Hldgs PLC
21 November 2016
R.E.A. Holdings plc ("REA" or the "company")
Proposed issue by REA of up to $37.5 million nominal of 7.5 per
cent dollar notes 2022
Further to the announcement made on 7 November 2016 in
connection with a proposed issue by REA of up to $37,500,000
nominal of 7.5 per cent dollar notes 2022 ("new dollar notes"), by
way of an exchange offer inviting holders of the $34,011,003
nominal of outstanding 7.5 per cent dollar notes 2017 of the
company (the "existing dollar notes") to exchange their holdings of
existing dollar notes for the new dollar notes and by way of a
placing of up to $10,000,000 nominal of new dollar notes with
R.E.A. Services Limited ("REA Services"), a wholly owned subsidiary
of the company, REA announces today that it has received
acceptances under the exchange offer in respect of $13,810,218
nominal of existing dollar notes and that REA Services has
subscribed a further $10,000,000 nominal of new dollar notes
pursuant to the placing. The acceptances pursuant to the exchange
offer include applications received pursuant to the top-up option
for $135,000 nominal of new dollar notes by holders of the existing
dollar notes with less than $120,000 of such dollar notes.
Accordingly, both the exchange offer and the placing having
completed, the company is now issuing new dollar notes in an
aggregate amount of $23,810,218 nominal, subject only to the
admission of such new dollar notes to the Official List and to
trading on the London Stock Exchange's market for listed
securities. It is expected that admission will become effective and
that dealings in the new dollar notes will commence on 24 November
2016. All conditions of the issue other than admission have been
satisfied.
The existing dollar notes acquired by the company pursuant to
the exchange offer will be cancelled and will not be available for
re-issue or sale by the company.
Enquiries:
R.E.A. Holdings plc
Tel: 020 7436 7877
This information is provided by RNS
The company news service from the London Stock Exchange
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