REG-R.E.A. Holdings plc R.E.A. Holdings plc: Further re further investment by DSN in REA Kaltim

R E A HoldingsAnnouncement

18/03/2024 09:15

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   R.E.A. Holdings plc (RE.)
   R.E.A. Holdings plc: Further re further investment by DSN in REA Kaltim

   18-March-2024 / 09:08 GMT/BST

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

    

   Share subscription agreement with PT Dharma Nusantara Satya ("DSN")

    

   As detailed in the company’s circular to shareholders dated 25 January
   2024, the company entered into a share subscription agreement with DSN
   pursuant to which, inter alia, a subsidiary of DSN agreed to subscribe for
   additional shares in the company’s principal operating subsidiary, PT REA
   Kaltim Plantations ("REA Kaltim"), so as to increase the DSN group's
   interest in REA Kaltim from 15 per cent to 35 per cent (the "DSN share
   subscription").

    

   Further to the company’s announcement on 29 February 2024 regarding
   satisfaction of all conditions pursuant to the DSN share subscription, REA
   is now pleased to announce that, in line with expectations, closing has
   taken place and all immediate financial settlements due on closing have
   been received.

    

    

   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: FUR - .
   TIDM:          RE.
   LEI Code:      213800YXL94R94RYG150
   Sequence No.:  310356
   EQS News ID:   1860981


    
   End of Announcement EQS News Service

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