Issue of Debt

RNS Number : 9646G

R.E.A.Hldgs PLC

10 February 2010

 



Issue of $15,000,000 nominal of further 7.5 per cent dollar notes 2012/14 ("additional dollar notes") and 150,000 redeemable participating preference shares of $10 each of KCC Resources Limited ("KCC")

It was announced on 28 January 2010 that R.E.A. Holdings plc (the "company") was proposing to create $15 million nominal of additional dollar notes (ranking pari passu with and forming a single issue with the $30,000,000 nominal of 7.5 per cent dollar notes 2012/14 that are already in issue) and to issue all of the additional dollar notes by way of a placing, arranged by Guy Butler Limited,  pursuant to which, for each $100 nominal of additional dollar notes subscribed, placees would also subscribe one redeemable participating preference share of $10 of KCC, a wholly owned subsidiary of the company.

The placing has now been completed and all of the additional dollar notes, and of the 150,000 KCC redeemable participating preference shares to be subscribed with those notes, have been placed firm.  All conditions of the issue of the additional dollar notes and KCC redeemable participating preference shares have been satisfied save only for admission of the additional dollar notes to the Official List and to trading on the Regulated Market of the London Stock Exchange plc.  No application is being made to list the KCC redeemable participating preference shares on any stock exchange or for admission of those shares to trading on any market.

It is expected that admission of the additional dollar notes to the Official List and to trading on the Regulated Market of the London Stock Exchange plc will become effective, and that dealings in the additional dollar notes will commence on Thursday 11 February 2010.

Enquiries:

R.E.A. Holdings plc

020 7436 7877

 

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