Last checked at 5 Nov 2009 17:40
R.E.A. Holdings plc ("REA")
It was announced on 22 October 2009 that REA had conditionally agreed to issue 1,490,000 new 9 per cent cumulative preference shares of £1 each for cash by way of a placing arranged by Guy Butler Limited.
The placing remains conditional upon the admission of the placing shares to the Official List of the Financial Services Authority and to trading on the London Stock Exchange's market for listed securities. It is expected that admission will become effective and that dealings in the placing shares will commence on 6 November 2009. The placing shares will rank pari passu in all respects with the existing preference shares of REA.
As a result of the issue of the placing shares, REA's issued share capital will comprise 32,573,856 ordinary shares of 25p and 16,392,954 cumulative preference shares of £1 each. The number of votes that may ordinarily be cast on a poll at a general meeting of REA and that attach to the issued ordinary shares is 32,573,856 and to the issued preference shares is nil. No shares in the issued capital of REA are held in treasury.
The above figures may be used by REA shareholders for the calculations by which they determine whether they are required to notify their interest in, or change in their interest in, shares of REA, under the Financial Services Authority's Disclosure and Transparency Rules.