REG-R.E.A. Holdings plc R.E.A. Holdings plc: Further re placing of preference shares and purchase of sterling notes <Origin Href="QuoteRef">REAH.L</Origin>

R E A HoldingsAnnouncement

16/10/2017 08:50

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   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.

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   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 £1 each (the "new preference shares") had
   been placed firm by Guy Butler Limited ("Guy Butler") at a price per share
   of £1 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
   £248,000 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 £8,076,000 nominal of 2017
   sterling notes due for redemption on 31 December 2017.

    

   Enquiries:

   R.E.A. Holdings plc    

   Tel: 020 7436 7877

    

    

    

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   ISIN:          GB0002349065
   Category Code: FUR - .
   TIDM:          RE.
   LEI Code:      213800YXL94R94RYG150
   Sequence No.:  4742


    
   End of Announcement EQS News Service

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   619061  16-Oct-2017 

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