R.E.A. Holdings plc: Further re placing of preference shares and purchase of sterling notes
October 16 2017 - 3:53AM
UK Regulatory
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: 020 7436 7877
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)
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