Last checked at 14 Sep 2012 08:57
R.E.A. Holdings plc ("REA")
Placing of preference shares
It was announced on 5 September 2012 that REA was seeking to place up to 3,926,575 new 9 per cent cumulative preference shares of £1 each ("new preference shares") for cash by way of a placing arranged by Guy Butler Limited at a price of 105p per share.
All of the 3,926,575 new preference shares have now been placed firm but the placing remains conditional upon such shares being admitted to the standard listing segment of the Official List and to trading on the London Stock Exchange's main market for listed securities.
Application for admission has been made and it is expected that the admission will become effective and that dealings in the new preference shares will commence on 17 September 2012. The new preference shares will rank pari passu in all respects with the existing preference shares of REA.
Following the issue of the new preference shares, REA's issued share capital will comprise 33,414,545 ordinary shares of 25p each and 47,995,128 9 per cent 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 33,414,545 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 of interest in, shares of REA, under the Financial Services Authority's Disclosure and Transparency Rules.
Enquiries:
R.E.A Holdings plc
Tel: 020 7436 7877