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Pin to quick picksR.e.a.hldgs. Regulatory News (RE.)

Share Price Information for R.e.a.hldgs. (RE.)

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106.00    0.00 (0.00%)
Bid:
106.00
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Spread: 7.00 (6.604%)
Market Cap: £46.46m
RE. Live PriceLast checked at - London Stock Exchange

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7.5 per cent dollar notes 2012/2014 - Replacement

6 Jun 2012 11:00

RNS Number : 7842E
R.E.A.Hldgs PLC
06 June 2012
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Purchase and sale of 7.5 per cent dollar notes 2012/2014 ("dollar notes")

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Correction of typographical error re price of notes to be resold: the notes will be sold at $99.70 (not $97.70)

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R.E.A. Holdings plc ("REA") announces that it has exercised its rights pursuant to a supplemental rights agreement dated 23 January 2006 and made between Morris Edward Zukerman, Morris Edward Zukerman in his capacity as sole trustee of the Zukerman Family Trust (together the "Zukerman family holders") and REA to require the Zukerman family holders to sell to REA Services Limited ("REAS"), a wholly owned subsidiary of REA, $9 million nominal of dollar notes held by the Zukerman family holders (being all of the dollar notes held by those holders) at a price of $100 plus accrued interest per $100 nominal of dollar notes.

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Concurrently, REAS has agreed to resell to institutional investors the $9 million nominal of dollar notes to be acquired from the Zukerman family holders, together with a further $1 million nominal of dollar notes currently held by REAS, in both cases at a price of $99.70 plus accrued interest per $100 nominal of notes.

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Completion of the purchase of the notes from the Zukerman family holders is scheduled to take place on 2 July 2012 and of the resale of these notes and of the additional $1 million nominal of dollar notes already held shortly thereafter.

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The above transactions will release the REA group from certain restrictive covenants contained in the above mentioned supplemental rights agreement which might under some circumstances have limited the group's flexibility in relation to the planned future listing in Jakarta of an Indonesian sub-holding company of the group's plantation operations.

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This information is provided by RNS
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MSCLIFEAREIRIIF
Date   Source Headline
28th Apr 20099:40 amRNSDirector/PDMR Shareholding
27th Apr 200911:38 amRNSAnnual Financial Report
17th Feb 20093:28 pmRNSTrading Statement
5th Feb 20095:04 pmRNSDirector/PDMR Shareholding
27th Jan 20092:44 pmRNSHolding(s) in Company
22nd Jan 20092:29 pmRNSDirector/PDMR Shareholding
12th Jan 20094:10 pmRNSDirector/PDMR Shareholding
5th Jan 20093:29 pmRNSDividend Declaration
5th Jan 200911:57 amRNSDirector/PDMR Shareholding
12th Nov 20084:59 pmRNSInterim Management Statement
31st Oct 20084:47 pmRNSSecond Price Monitoring Extn
31st Oct 20084:38 pmRNSPrice Monitoring Extension
27th Oct 20081:18 pmRNSDirector/PDMR Shareholding
10th Oct 20084:54 pmRNSSecond Price Monitoring Extn
10th Oct 20084:40 pmRNSPrice Monitoring Extension
9th Oct 20084:14 pmRNSDirector/PDMR Shareholding
24th Sep 20082:28 pmRNSResult of EGM and progress of capitalisation issue
9th Sep 200810:30 amRNSDirector/PDMR Shareholding
29th Aug 20084:02 pmRNSCapitalisation issue and new
28th Aug 20085:55 pmRNSInterim Results
21st Aug 20085:23 pmRNSIssue of Debt (result)
12th Aug 20084:41 pmRNSSecond Price Monitoring Extn
12th Aug 20084:35 pmRNSPrice Monitoring Extension
29th Jul 20084:48 pmRNSIssue of Debt
25th Jul 20084:42 pmRNSSecond Price Monitoring Extn
25th Jul 20084:36 pmRNSPrice Monitoring Extension
7th Jul 20083:02 pmRNSTrading update & possible iss
23rd Jun 20083:21 pmRNSDirectorate Change
12th Jun 20082:20 pmRNSAnnual Information Update
6th Jun 20081:46 pmRNSResult of AGM
6th Jun 200810:00 amRNSAGM Statement
27th May 20084:36 pmRNSInterim Management Statement
12th May 20088:57 amRNSHolding(s) in Company
25th Apr 20082:12 pmRNSAnnual Report and Accounts
22nd Apr 20081:50 pmRNSFinal Results
11th Mar 20082:13 pmRNSNew land and trading update
17th Dec 200712:09 pmRNSDividend Declaration
12th Dec 20074:40 pmRNSSecond Price Monitoring Extn
12th Dec 20074:35 pmRNSPrice Monitoring Extension
10th Dec 20072:25 pmRNSDirector/PDMR Shareholding
9th Nov 20073:19 pmRNSHolding(s) in Company
31st Oct 20074:03 pmRNSDirector/PDMR Shareholding
17th Oct 20073:48 pmRNSDirector/PDMR Shareholding
12th Oct 200711:14 amRNSDirector/PDMR Shareholding
10th Oct 20072:18 pmRNSDirector/PDMR Shareholding
2nd Oct 20073:20 pmRNSEGM Statement
6th Sep 200711:02 amRNSPlacing of preference shares
5th Sep 20073:37 pmRNSProposed capitalisation issue
5th Sep 20078:56 amRNSInterim Results
11th Jul 20073:59 pmRNSMeeting re sterling notes

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