Director's transaction & incr

RNS Number : 4668G

R.E.A.Hldgs PLC

01 February 2010

 



R.E.A Holdings plc ("REA")

Notification of Transactions of a Director

And

Voting Rights and Capital

REA announced on 27 January 2010 that its managing director, John Oakley, intended to exercise an option granted to him in 2002 to subscribe 840,689 ordinary shares of 25 p each in the company at a price of 43.753 pence subject to sale of sufficient shares to cover the cost of subscription and Mr Oakley's liability to income tax and national insurance contributions as a result of the exercise of the option.

The exercise of Mr Oakley's option became effective today and the company has received notification, in accordance with the requirements of Rule 3.1.2R of the Disclosure and Transparency Rules of the Financial Services Authority, that Mr Oakley has today sold in London 400,000 of the ordinary shares resulting from exercise of the options at a price of £4.05 per share, thereby retaining 440,689 ordinary shares.  As a result of these transactions, Mr Oakley now holds a total of 442,493 ordinary shares in REA.

In accordance with 5.6.1R of the Disclosure and Transparency Rules, REA announces that, following the issue of the 840,689 new ordinary shares to Mr Oakley, the total issued listed share capital with voting rights is 33,414,545 ordinary shares of 25p each.  Each ordinary share carries one vote.

The figure of 33,414,545 may be used by REA shareholders for the calculation by which they determine if they are required to notify their interest in, or change to their interest in, shares of REA, under the Financial Services Authority's Disclosure and Transparency Rules.

 

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