REG-R.E.A. Holdings plc R.E.A. Holdings plc: Further re proposals re 7.5 per cent dollar notes 2026

R E A HoldingsAnnouncement

04/09/2025 15:00

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   R.E.A. Holdings plc (RE.)
   R.E.A. Holdings plc: Further re proposals re 7.5 per cent dollar notes
   2026

   04-Sep-2025 / 14:45 GMT/BST

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   NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART, DIRECTLY
   OR INDIRECTLY, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD
   CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF THAT
   JURISDICTION

   For immediate release

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

   Proposals (a) to extend the redemption date for the 7.5 per cent dollar
   notes 2026 issued by the company from 30 June 2026 to 31 December 2028 and
   (b) to seek the consent of the holders of the dollar notes to a possible
   reduction of the capital of the company by way of a reduction of up to
   $20.0 million of the amount standing to the credit of the company's share
   premium account

   Results of meeting of the holders of the dollar notes

   At the  meeting of  the holders  of  the dollar  notes held  earlier,  the
   requisite extraordinary resolutions approving  the proposals for,  amongst
   other things, the extension  of the redemption date  for the dollar  notes
   from 30  June 2026  to  31 December  2028 and  to  consent to  a  possible
   reduction of capital of the company, were duly passed.

   The holders of  a total of  $27,035,218 nominal of  the dollar notes  were
   eligible to vote  at the  meeting, with each  $1 nominal  of dollar  notes
   carrying one vote on a poll.  The vote was taken on a poll.  Proxies  were
   received for  use  in  connection  with the  meeting  with  the  following
   instructions (treating  proxies giving  discretion to  the chairman  as  a
   "for" instruction):

                                              Votes For   Votes
                                              (including  Discretion  Votes
                                              Chairman’s  Third Party Against
                                              discretion)
     Extraordinary resolution to sanction the
   1 extension of the redemption date for the 24,674,218  0           5,000
     dollar notes from 30 June 2026 to 31
     December 2028
     Extraordinary resolution to consent to a
     possible reduction of capital of the
   2 company by way of the reduction of up to 24,674,218  0           5,000
     $20.0 million of the amount standing to
     the credit of the company’s share
     premium account
     Extraordinary resolution to instruct the
     trustee for the holders of dollar notes
   3 to enter into a supplemental trust deed  24,674,218  0           5,000
     for the purposes of effecting the agreed
     amendments and related matters

    

   Execution of supplemental trust deed

   In addition to sanctioning the proposed extension of the redemption date
   for the dollar notes, the meeting of the note holders held earlier was to
   instruct the trustee for the noteholders to enter into a supplemental
   trust deed for the purposes of effecting the necessary amendments to the
   trust deed, and re-stating the same as amended.

    

   Implementation of the proposal

   The supplemental trust deed has been duly executed and the proposals
   detailed in the announcement made by REA on 11 August 2025 (the
   "proposals") became effective on 4 September 2025.

    

    

   Enquiries:

   David Blackett       Carol Gysin

   Chairman             Managing director
                       
   R.E.A Holdings plc   R.E.A. Holdings plc

   Tel: 020 7436 7877   Tel: 020 7436 7877

    

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   Dissemination of a Regulatory Announcement, transmitted by EQS Group.
   The issuer is solely responsible for the content of this announcement.

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   ISIN:          GB00BD8BTF36
   Category Code: ROM
   TIDM:          RE.
   LEI Code:      213800YXL94R94RYG150
   Sequence No.:  400855
   EQS News ID:   2193222


    
   End of Announcement EQS News Service

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