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Pin to quick picksRea Fin 8.75%25 Regulatory News (RE20)

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REA Finance B.V.: Further re placing of preference shares and purchase of sterling notes

16 Oct 2017 08:59

REA Finance B.V. (RE20) REA Finance B.V.: Further re placing of preference shares and purchase of sterling notes 16-Oct-2017 / 08:57 GMT/BST Dissemination of a Regulatory Announcement, 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 placing of preference shares and purchase of sterling notes

 

It was announced on 9 October 2017 that 8,358,768 new 9 per cent cumulative preference shares of £1 each (the "new preference shares") had been placed firm by Guy Butler Limited ("Guy Butler") at a price per share of £1 plus accrued dividend up to the date of settlement. The placing remained conditional only upon admission of the new preference shares to the standard listing segment of the Official List of the Financial Conduct Authority and to trading on the London Stock Exchange's main market for listed securities.

 

Admission has now become effective and the 8,358,768 new preference shares have been issued.

 

It was also announced that the company had purchased through Guy Butler £248,000 nominal of the 9.5 per cent guaranteed sterling notes 2015/17 issued by the subsidiary company, REA Finance N.V. ("REAF") and falling due for redemption on 31 December 2017 ("2017 sterling notes"). The purchase of 2017 sterling notes at 100 per cent of their principal amount, together with accrued interest up to and including the date of settlement, has been settled and the 2017 sterling notes so purchased are now cancelled. Accordingly, there remain in issue £8,076,000 nominal of 2017 sterling notes due for redemption on 31 December 2017.

 

Enquiries:

R.E.A. Holdings plc

Tel: 020 7436 7877

 

 

 


ISIN:GB00BYY8MM32, GB00B1FWDD12
Category Code:FUR - .
TIDM:RE20
LEI Code:2138008NELEFK21TEZ94
Sequence No.:4743
 
End of AnnouncementEQS News Service

619077 16-Oct-2017 

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

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