6th Sep 2007 11:02
R.E.A.Hldgs PLC06 September 2007 R.E.A. Holdings plc ("REA")=========================== It was announced on 5 September 2007, as part of the announcement of REA's interim report, that REA was proposing to issue 1,064,581 new 9 per cent cumulative preference shares of £1 each for cash by way of a placing with institutional investors. REA is now pleased to announce that Guy Butler Limitedhas placed the entire proposed issue of 1,064,581 new preference shares (the "placing shares") at a price of 105p per share. The placing is conditional uponadmission 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 7 September 2007. The placing shares will, upon issue, 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 willcomprise 32,573,856 ordinary shares of 25p and 12,514,205 9 per cent cumulativepreference shares of £1 each. The number of votes that may ordinarily be cast ona poll at a general meeting of REA and that attach to the issued ordinary sharesis 32,573,856 and to the issued preference shares is nil. No shares in theissued capital of REA are held in treasury. The above figures may be used by REA shareholders for the calculations by whichthey determine if they are required to notify their interest in, or a change intheir interest in, shares of REA, under the Financial Services Authority'sDisclosure and Transparency Rules. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
R.e.a.hldgs.