R.E.A. Holdings plc: Further re further investment by DSN in REA Kaltim
29 Februar 2024 - 8:00AM
EQS Regulatory News
R.E.A. Holdings plc (RE.)
R.E.A. Holdings plc: Further re further investment by DSN in REA
Kaltim
29-Feb-2024 / 07:00 GMT/BST
R.E.A. Holdings plc
("REA" or the
"company")
Closing of subscription agreement with PT Dharma
Nusantara Satya ("DSN")
Dividend in respect of 9 per cent cumulative
preference shares (the “preference shares”)
As detailed in
the company’s circular to shareholders, dated 25 January
2024, the company has entered into
a share subscription agreement with
DSN pursuant to which it has been agreed, inter alia, that a
subsidiary of DSN will subscribe for additional shares in the
company’s principal operating subsidiary, PT REA Kaltim Plantations
("REA Kaltim"),
so as to increase DSN's interest in REA Kaltim from 15 per cent to
35 per cent (the "DSN share
subscription").
Following the
previously announced approval of the share subscription agreement
at the REA general meeting held on 12 February 2024, REA is now
pleased to announce that all conditions of the DSN share
subscription have been satisfied. Closing is expected to take place
on 8 March 2024 with the immediate financial settlements due on
closing expected to be completed by 15 March 2024.
Upon full
settlement of the immediate amounts due on closing, the directors
intend to declare a dividend in respect of all of the outstanding
arrears of dividends on the preference shares (amounting in
aggregate to 11.5p per preference share) for payment on a date to
be determined in accordance with the London Stock Exchange’s
dividend procedure timetable. Accordingly, payment of the
preference dividend may be expected to be made by 15 April
2024.
Enquiries:
R.E.A. Holdings
plc
Tel: 020 7436
7877
Dissemination of a Regulatory Announcement that contains inside
information in accordance with the Market Abuse Regulation (MAR),
transmitted by EQS Group.
The issuer is solely responsible for the content of this
announcement.
|
| |
ISIN: |
GB0002349065 |
Category Code: |
FUR - - |
TIDM: |
RE. |
LEI Code: |
213800YXL94R94RYG150 |
Sequence No.: |
306654 |
EQS News ID: |
1847687 |
|
End of Announcement |
EQS News Service |
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