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

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R.E.A. Holdings plc: Further re circular dated 12 June 2018

28 Aug 2018 16:25

R.E.A. Holdings plc (RE.) R.E.A. Holdings plc: Further re circular dated 12 June 2018 28-Aug-2018 / 16:25 GMT/BST Dissemination of a Regulatory Announcement that contains inside information according to REGULATION (EU) No 596/2014 (MAR), transmitted by EQS Group. The issuer is solely responsible for the content of this announcement.


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

 

Further re circular dated 12 June 2018

 

REA is pleased to announce that certain bank financing discussions referred to in the circular issued to shareholders on 12 June 2018 (the "circular") have now been brought to a successful conclusion with execution of a facility agreement between the company's Indonesian subsidiary company, PT Sasana Yudha Bhakti ("SYB"), and PT Bank Mandiri (Persero) Tbk. ("Bank Mandiri").

 

Pursuant to the facility agreement, Bank Mandiri has advanced to SYB two medium term Indonesian rupiah loans equivalent in total to some $32.5 million. The loans are repayable over a period of eight years, bear interest at an initial rate of 11 per cent per annum and are principally secured by first fixed charges over the assets of SYB and a guarantee from REA.

 

In anticipation of concluding the facility agreement with Bank Mandiri, on 8 August 2018 SYB repaid the term loan and revolving credit facilities previously made available to SYB by PT Bank DBS Indonesia, together amounting to the equivalent of some $10.2 million.  The proceeds of the Bank Mandiri loans will be used to refinance the monies used for that repayment and, as to the balance, in augmenting the REA group's working capital.

 

The principal purpose of the circular was to provide information in connection with the proposed sale by the company's subsidiary, PT REA Kaltim Plantations ("REA Kaltim") of REA Kaltim's 95 per cent interest in PT Putra Bongan Jaya ("PBJ") to Kuala Lumpur Kepong Berhad (the "proposed sale").

 

It remains expected that the proposed sale of PBJ will complete in accordance with the previously indicated timetable. The company will issue a further update when completion occurs.

 

Enquiries

R.E.A. Holdings plc   

Tel: 020 7436 7877

 

 


ISIN:GB0002349065
Category Code:FUR - Further re circular dated 12 June 2018
TIDM:RE.
Sequence No.:5928
EQS News ID:718225
 
End of AnnouncementEQS News Service

UK Regulatory announcement transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement.

Date   Source Headline
18th Mar 20249:25 amEQSR.E.A. Holdings plc: Dividend payment in respect of 9 per cent cumulative preference shares
18th Mar 20249:09 amEQSR.E.A. Holdings plc: Further re further investment by DSN in REA Kaltim
29th Feb 20247:00 amEQSR.E.A. Holdings plc: Further re further investment by DSN in REA Kaltim
12th Feb 202412:43 pmEQSR.E.A. Holdings plc: General Meeting
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2nd Nov 20237:49 amEQSR.E.A. Holdings plc: Further investment by DSN in REA Kaltim
21st Sep 20237:01 amEQSR.E.A. Holdings plc: Half yearly results
22nd Aug 20232:00 pmEQSR.E.A. Holdings plc: Notification of Major Holdings
2nd Aug 20237:00 amEQSR.E.A. Holdings plc: Trading update
8th Jun 202312:04 pmEQSR.E.A. Holdings plc: Result of AGM
8th Jun 20237:00 amEQSR.E.A. Holdings plc: AGM Statement
24th May 20237:00 amEQSR.E.A. Holdings plc: Dividend payment in respect of 9 per cent cumulative preference shares
20th Apr 20239:36 amEQSR.E.A. Holdings plc: Correction to date of 2023 AGM
20th Apr 20237:01 amEQSR.E.A. Holdings plc: Annual report in respect of 2022
1st Feb 20238:00 amEQSR.E.A. Holdings plc: Notification of Major Holdings
1st Feb 20238:00 amEQSR.E.A. Holdings plc: Trading update
1st Feb 20237:01 amEQSR.E.A. Holdings plc: Notification of Major Holdings
1st Feb 20237:00 amEQSR.E.A. Holdings plc: Trading update
31st Jan 20238:00 amEQSR.E.A. Holdings plc: Notification of Major Holdings
31st Jan 20237:01 amEQSR.E.A. Holdings plc: Notification of Major Holdings
11th Jan 20238:00 amEQSR.E.A. Holdings plc: Notification of Major Holdings
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6th Sep 20227:01 amEQSR.E.A. Holdings plc: Further re selling prices
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10th Aug 20227:00 amEQSR.E.A. Holdings plc: Further re selling prices
19th Jul 202212:30 pmEQSR.E.A. Holdings plc: Change of company registrars
19th Jul 202212:29 pmEQSR.E.A. Holdings plc: Change of company registrars
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5th Jul 20227:01 amEQSR.E.A. Holdings plc: Notification of Major Holdings
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5th Jul 20227:00 amEQSR.E.A. Holdings plc: Notification of Major Holdings
21st Jun 20227:00 amEQSR.E.A. Holdings plc: Further re selling prices
21st Jun 20227:00 amEQSR.E.A. Holdings plc: Further re selling prices
20th Jun 202211:59 amEQSR.E.A. Holdings plc: Correction - Further re selling prices
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9th Jun 20223:35 pmEQSR.E.A. Holdings plc: Result of AGM
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26th May 20227:01 amEQSR.E.A. Holdings plc: Further re selling prices
26th May 20227:01 amEQSR.E.A. Holdings plc: Further re extension of the redemption date for the 7.5 per cent dollar notes 2022 from 30 June 2022 to 30 June 2026

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