Conversion of Securities
Oct 09, 2006 2:52 PM
R.E.A.Hldgs PLC
09 October 2006
R.E.A. Holdings plc (the "company")
On 3 October 2006, the company announced it had received notices from holders of
371,918 warrants exercising the subscription and conversion rights attaching to
those warrants ahead of the final exercise date of 29 September.
Accordingly the company allotted 371,918 ordinary shares of 25p which were
admitted to the Official List of the UK Listing Authority and to trading on the
London Stock Exchange's market for listed securities on 9 October 2006
As a result of the exercise of warrant rights and allotment of ordinary shares
referred to above, the company has received notification of changes in interests
in the company of the following two directors and person discharging managerial
responsibility:
Name of No of warrants No of ordinary Total no Percentage of
director exercised at 60p shares allotted of ordinary shares in
per ord. share ordinary issue
shares
held
R M Robinow 91,555 91,555 105,000 0.34%
J M Green-Armytage 21,000 21,000 80,704 0.26%
Name of PDMR
R E Landon 17,000 17,000 54,336 0.18%
The company has also received notification of a change in interest in the
company of the following shareholder with a major interest:
Name of No of No of Total no of Registered Percentage of
holder warrants ordinary ordinary holder of ord. ord. shares in
exercised shares shares held shares held issue
allotted
Emba
Holdings 41,420 41,420 9,925,000 Emba Holdings 32.22%
Limited Ltd 779,612
Perry Nominees
Ltd 9,145,388
Holders of 266,031 warrants have not exercised their subscription and conversion
rights and it is expected that such warrants will be exercised on their behalf
by the company by 30 October 2006, sold and the net proceeds after deduction of
60p per warrant distributed.
As a result Mr R M Robinow's interest in 17,745 warrants will cease.
This information is provided by RNS
The company news service from the London Stock Exchange