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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%)
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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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Further re dollar notes 2017

16 Nov 2012 13:48

RNS Number : 3468R
R.E.A.Hldgs PLC
16 November 2012
 



R.E.A. Holdings plc ("REA" or the "company")

 

Issue by the company of up to $50 million nominal of 7.5 per cent dollar notes 2017 by way of an exchange offer and placing

 

Further to announcements made on 25 October 2012 and 13 November 2012 in connection with a proposed issue of up to $50 million nominal of 7.5 per cent dollar notes 2017 ("new dollar notes"), by way of an exchange offer under which the company has offered to acquire all of the $35 million nominal of outstanding 7.5 per cent dollar notes 2012/2014 of the company ("existing dollar notes") and a placing, REA announces today that, of the $50 million nominal of new dollar notes proposed to be created and issued, it has received acceptances under the exchange offer in respect of $19,011,003 nominal of existing dollar notes and $12,976,000 nominal of new dollar notes have been placed firm by Guy Butler on behalf of the company. In addition, R.E.A Services Limited, a wholly owned subsidiary of the company, has subscribed $2,024,000 nominal of new dollar notes.

 

Accordingly, both the exchange offer and the placing have completed and the company is issuing $34,011,003 nominal of new dollar notes.

 

All conditions of the issue have been satisfied save only for the admission of the new dollar notes to the Official List of the Financial Services Authority and to trading on the Regulated Market of the London Stock Exchange ("admission"). It is expected that admission will become effective and that dealings in the new dollar notes issued will commence on 19 November 2012.

 

 

 

Enquiries:

R.E.A Holdings plc

Tel: 020 7436 7877

 

 

 

 

 

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
MSCFFMFDMFESELF
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