Exercise of Warrant Rights
Oct 17, 2006 11:04 AM
R.E.A.Hldgs PLC
17 October 2006
R.E.A. Holdings plc (the "company")
The company has today exercised on behalf of the holders of 266,031 warrants
their subscription and conversion rights and has allotted 266,031 ordinary
shares of 25p subject to admission of those shares to the Official List of the
UK Listing Authority and to trading on the London Stock Exchange's market for
listed securities.
The 266,031 ordinary shares referred to above have been placed by the company's
brokers, Mirabaud Securities Limited.
Application for such admission has been made. It is expected that admission will
become effective on 20 October 2006 and that dealings in the new ordinary shares
will commence on that date.
The net proceeds of sale, after deduction of the cost of subscribing such
ordinary shares will be distributed to each holder pro rata (provided that such
net proceeds payable to a holder exceed £3).
In consequence, there are no warrants in issue and the company has requested
that the listing of the warrants on the Official List of the UK Listing
Authority and on the London Stock Exchange's market for listed securities be
cancelled with effect from 1 November 2006
This information is provided by RNS
The company news service from the London Stock Exchange