Placing of Ordinary Shares

RNS Number : 1254E

R.E.A.Hldgs PLC

07 May 2013

 



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

Placing of ordinary shares

It was announced on 3 May 2013, that the company had entered into a placing agreement with Mirabaud Securities LLP ("Mirabaud") pursuant to which the latter agreed to procure, on the company's behalf, subscribers for a total of 1,670,724 new ordinary shares of 25p each of the company (the "placing shares") at a subscription price of 425p per share, payable in full on allotment. 

The company announces today that Mirabaud has now successfully placed firm all of the 1,670,724 placing shares at 425p per share.  The placing remains conditional upon admission of such shares to the premium 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.   Application for admission has been made and it is expected that admission will become effective and that dealings in the placing shares will commence at 8.00 am on 10 May 2013.   

The placing shares will, when issued, rank pari passu in all respects with the existing ordinary shares of the company and, in particular, will be entitled  to the final dividend paid in respect of 2012 which the directors have recommended should be paid at the rate of 3½ p per share.

As a result of the issue of new ordinary shares, REA's issued share capital will comprise 35,085,269 ordinary shares of 25p each and 50,000,000 9 per cent cumulative preference shares of £1 each.  The number of votes that may ordinarily be cast on a poll at a general meeting of REA and that attach to the issued ordinary shares is 35,085,269 and to the issued preference shares is nil.  No shares in the issued capital of REA are held in treasury.

The above figures may be used by REA shareholders for the calculations by which they determine whether they are required to notify their interest in, or change of interest in, shares of REA, under the Disclosure and Transparency Rules of the Financial Conduct Authority.

 

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