Dividend Declaration

RNS Number : 0099Y

R.E.A.Hldgs PLC

15 December 2010

 



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

Second interim dividend and merging of preference share lines

In the company's half yearly report for the six months ended 30 June 2010, the directors stated their intention, in the absence of unforeseen circumstances, to declare a second interim dividend, in lieu of final, in respect of 2010 for payment in January 2011, of 2½ pence per ordinary share making a total dividend of 5 pence per ordinary share in respect of 2010. 

In line with that intention, the directors have today declared a second interim dividend, in lieu of final, for the year ending 31 December 2010 of 2½ pence per ordinary share. This will be paid on 28 January 2011 to shareholders on the register at the close of business on 7 January 2011.

In October 2010, the company issued 9 million new 9 per cent cumulative preference shares of £1 each ("new preference shares").  The new preference shares rank pari passu in all respects with the previously existing preference shares ("existing preference shares"), save that the preference dividend payable in respect of new preference shares on 31 December 2010 will be 1.54076p.  That dividend, and the dividend payable on 31 December 2010 in respect of the existing preference shares, will be paid to holders of, respectively, new and existing preference shares who were on the registers of holders of such shares on 26 November 2010.

Following payment of such dividends, the current two lines of preference shares (ISIN GB0007185639 and ISIN GB00B48CN287) will be merged.  The merger will become effective at close of business on 31 December 2010 after which all issued preference shares will trade under ISIN GB0007185639.

 

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