REG-R.E.A. Holdings plc R.E.A. Holdings plc: dividend re 9 per cent cumulative preference shares

R E A HoldingsAnnouncement

02/11/2023 08:00

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   R.E.A. Holdings plc (RE.)
   R.E.A. Holdings plc: dividend re 9 per cent cumulative preference shares

   02-Nov-2023 / 07:55 GMT/BST

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   R.E.A. Holdings plc ("REA" or the "company")

    

   Dividend in respect of 9 per cent cumulative preference shares (the
   “preference shares”)

    

   The company has announced today that it has reached agreements regarding a
   proposed further investment by PT Dharma Satya Nusantara Tbk (“DSN”) in
   the company’s principal operating subsidiary in Indonesia, PT REA Kaltim
   Plantations (“REA Kaltim”), the object of such agreements being to
   strengthen the financial position of the REA group.

    

   The directors announce today that they intend temporarily to defer payment
   of the dividend falling due on the preference shares on 31 December 2023
   but, subject to the agreement for the subscription by the DSN group for
   further shares in REA Kaltim having by then become unconditional, to pay
   that dividend together with the current arrears of dividend (amounting to
   7p per preference share) on 7 April 2024.

    

   Enquiries:

   R.E.A. Holdings plc

   Tel: 020 7436 7877

    

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   Dissemination of a Regulatory Announcement that contains inside
   information in accordance with the Market Abuse Regulation (MAR),
   transmitted by EQS Group.
   The issuer is solely responsible for the content of this announcement.

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   ISIN:          GB0002349065
   Category Code: MSCM
   TIDM:          RE.
   LEI Code:      213800YXL94R94RYG150
   Sequence No.:  282115
   EQS News ID:   1763133


    
   End of Announcement EQS News Service

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