REG-R.E.A. Holdings plc R.E.A. Holdings plc: Further re 8.75% sterling notes 2020

R E A HoldingsAnnouncement

01/04/2020 14:10

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   R.E.A. Holdings plc (RE.)
   R.E.A. Holdings plc: Further re 8.75% sterling notes 2020

   01-Apr-2020 / 14:06 GMT/BST
   Dissemination of a Regulatory Announcement that contains inside
   information according to REGULATION (EU) No 596/2014 (MAR), transmitted by
   EQS Group.
   The issuer is solely responsible for the content of this announcement.

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   R.E.A. Holdings plc ("REA Holdings")
   REA Finance B.V. ("REA Finance")

   Implementation of the enhanced proposals to extend the date for  repayment
   of the 8.75 per cent guaranteed sterling notes 2020 issued by REA  Finance
   B.V. and irrevocably and unconditionally guaranteed by R.E.A. Holdings plc
   and R.E.A. Services Limited (the "sterling notes")

   The relevant parties have executed the documents necessary to give  effect
   to the enhanced proposals referred to above (the "enhanced proposals") and
   REA Holdings  has  issued  a  total of  4,010,760  warrants  to  subscribe
   ordinary shares in  the capital  of REA Holdings  ("REA ordinary  shares")
   ("warrants") to the  holders of  the sterling notes  on the  basis of  130
   warrants per  £1,000  nominal of  sterling  notes  held at  the  close  of
   business (London time) on 24 March 2020.

   Accordingly, the enhanced proposals are now effective. 

   The sterling notes are thus  now due for repayment  on 31 August 2025  (or
   earlier in the event that a holder of sterling notes who is also a  holder
   of warrants validly elects, on exercise by such holder of the subscription
   rights attaching to the warrants  held by him, to  satisfy all or part  of
   the subscription price payable for the REA ordinary shares to be issued on
   exercise by him of his warrants by the redemption of sterling notes or  by
   a mixture of cash and the redemption of sterling notes).

   A premium of 4p per £1 nominal of sterling notes will now be paid on
   redemption of the sterling notes on 31 August 2025 (or earlier in the
   event of default) or on surrender of the sterling notes in satisfaction,
   in whole or in part, of the subscription price payable on exercise of the
   warrants on the final subscription date (namely 15 July 2025).  The
   premium will not be payable on redemption of the sterling notes on
   surrender of the sterling notes in satisfaction, in whole or in part, of
   the subscription price payable on exercise of the warrants on any
   subscription date other than the final subscription date). 

   Enquiries:
   R.E.A Holdings plc
   Tel: 020 7436 7877

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   ISIN:          GB0002349065
   Category Code: FUR - R.E.A Holdings plc
   TIDM:          RE.
   LEI Code:      213800YXL94R94RYG150
   Sequence No.:  55903
   EQS News ID:   1012745


    
   End of Announcement EQS News Service

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