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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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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
20th Apr 20064:30 pmRNSHolding(s) in Company
20th Apr 20064:28 pmRNSHolding(s) in Company
18th Apr 20061:39 pmRNSResult of EGM
22nd Mar 20066:32 pmRNSProspectus
6th Mar 200611:30 amRNSDirector/PDMR Shareholding
24th Feb 200610:58 amRNSHolding(s) in Company
23rd Feb 200610:22 amRNSHolding(s) in Company
22nd Feb 20067:00 amRNSSettlement completion
16th Feb 20067:00 amRNSSupplementary prospectus
14th Feb 200612:26 pmRNSEquity issues-further details
31st Jan 20068:43 amRNSProposed equity issues
24th Jan 20068:22 amRNSTrading update
24th Jan 20068:20 amRNSSettlement of litigation
23rd Nov 20053:55 pmRNSHolding(s) in Company
14th Nov 200511:12 amRNSHolding(s) in Company
7th Nov 20052:59 pmRNSInterim Results
25th Oct 20059:04 amRNSRestoration of Listing
25th Oct 20057:30 amRNSRestoration of Listing
25th Oct 20057:00 amRNSInterim Results
5th Oct 200510:09 amRNSHolding(s) in Company
29th Sep 20057:30 amRNSSuspension - R.E.A Holdings
29th Sep 20057:02 amRNSStatement re. Suspension
26th Sep 20055:25 pmRNSDirector/PDMR Shareholding
26th Sep 20054:52 pmRNSHolding(s) in Company
21st Sep 20055:33 pmRNSRe New Loan Facilities
13th Sep 20057:02 amRNSFurther re Cnv Loan Stock
12th Sep 20052:57 pmRNSResult of Meetings
18th Aug 20057:00 amRNSCirc re. cnv loan stk
3rd Aug 20054:16 pmRNSFurther re Cnv Loan Stock
2nd Aug 20053:29 pmRNSExercise of Warrant Rights
5th Jul 20052:40 pmRNSConversion of Securities
28th Jun 20054:49 pmRNSDoc re. warrant rights
15th Jun 20053:00 pmRNSResult of AGM
25th May 20054:04 pmRNSDoc re. conversion rights
23rd May 20059:45 amRNSStatement re Cnv Loan Stock
12th May 200510:13 amRNSAnnual Report and Accounts
27th Apr 20055:17 pmRNSFinal Results

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