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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:
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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
 



Purchase and sale of 7.5 per cent dollar notes 2012/2014 ("dollar notes")

 

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

 

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.

 

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.

 

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.

 

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.

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
MSCLIFEAREIRIIF
Date   Source Headline
22nd Jun 20072:36 pmRNSHolding(s) in Company
22nd Jun 20072:33 pmRNSDirector/PDMR Shareholding
19th Jun 200711:03 amRNSDirector/PDMR Shareholding
15th Jun 20072:53 pmRNSCirc re. sterling notes
7th Jun 20075:31 pmRNSAnnual Information Update
5th Jun 20073:31 pmRNSAGM Statement
17th May 20072:28 pmRNSHolding(s) in Company
17th May 20072:28 pmRNSHolding(s) in Company
15th May 20074:15 pmRNSHolding(s) in Company
15th May 20074:12 pmRNSHolding(s) in Company
10th May 20074:07 pmRNSAnnual Report and Accounts
10th May 200711:58 amRNSCompletion of placing
3rd May 20076:18 pmRNSHolding(s) in Company
3rd May 20076:10 pmRNSHolding(s) in Company
2nd May 20077:01 amRNSPlacing and crop update
26th Apr 20077:00 amRNSFinal Results
17th Apr 20073:07 pmRNSHolding(s) in Company
17th Apr 20073:06 pmRNSHolding(s) in Company
17th Apr 20073:06 pmRNSHolding(s) in Company
17th Apr 20073:04 pmRNSHolding(s) in Company
23rd Jan 200711:58 amRNSIssue of Debt
23rd Jan 200711:53 amRNSIssue of Debt
5th Jan 200711:45 amRNSDebt Issue & Trading Update
5th Jan 200711:45 amRNSDebt Issue & Trading Update
20th Dec 200611:46 amRNSDividend Declaration
12th Dec 200611:31 amRNSTransparency Directive
1st Dec 20066:49 pmRNSIssue of Debt
1st Dec 20066:49 pmRNSIssue of Debt
17th Oct 200611:04 amRNSExercise of Warrant Rights
9th Oct 20062:52 pmRNSConversion of Securities
3rd Oct 200611:57 amRNSExercise of Warrant Rights
21st Sep 20065:40 pmRNSDirector/PDMR Shareholding
21st Sep 20065:17 pmRNSInterim Results
7th Sep 20069:22 amRNSExercise of Warrant Rights
14th Aug 200611:49 amRNSFurther re dollar notes
2nd Aug 200611:18 amRNSExercise of Warrant Rights
10th Jul 20064:25 pmRNSDirector/PDMR Shareholding
3rd Jul 20062:09 pmRNSFurther re dollar notes
29th Jun 20063:50 pmRNSFurther issue of dollar notes
28th Jun 20064:03 pmRNSDoc re. warrant rights
23rd Jun 200610:58 amRNSAdditional Listing
22nd Jun 20061:47 pmRNSDirector/PDMR Shareholding
2nd Jun 20063:27 pmRNSAnnual Information Update
26th May 20062:49 pmRNSDirector/PDMR Shareholding
22nd May 20065:35 pmRNSDirector/PDMR Shareholding
19th May 20061:24 pmRNSProspectus Update
9th May 20063:45 pmRNSAnnual Report and Accounts
27th Apr 200612:15 pmRNSFinal Results
21st Apr 20062:34 pmRNSHolding(s) in Company
20th Apr 20064:34 pmRNSDirector/PDMR Shareholding

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