R.E.A.Hldgs PLC 12 September 2005 R.E.A. Holdings plc ("REA") announces that the meetings of REA warrant holders and holders of the 4% convertible loan stock 2012 of REA ("convertible loan stock"), the class meeting of holders of ordinary shares of 25p each in the capital of REA ("REA ordinary shares") and the extraordinary general meeting of REA that were convened for 12 September 2005 for the purposes of considering resolutions necessary to implement the proposed conversion of the convertible loan stock into new REA ordinary shares and the creation of the new 7.5 per cent dollar notes 2012/14 of REA ("dollar notes") as detailed in the REA circular dated 17 August 2005 were duly held. All of the resolutions set out in the notices of such meetings were passed. The proposed conversion and attendant capitalisation issue of further new REA ordinary shares (the "proposals") remain conditional only upon admission of: i) up to 610,099 new REA ordinary shares; and ii) up to 4,392,715 further new REA ordinary shares of 25p and $4,972,310 nominal of dollar notes to be issued pursuant to the proposals being admitted to the Official List and to trading on the London Stock Exchange's market for listed securities. It is expected that admission of the new REA ordinary shares referred to at i) above will become effective and that dealings in such new REA ordinary shares will commence on 13 September 2005 and that admission of the new REA ordinary shares and dollar notes referred to at ii) above will become effective and that dealings in such securities will commence on 14 September 2005. Pursuant to the proposals $30,000,000 nominal of dollar notes will be created of which only $4,972,310 will be issued pursuant to the conversion referred to above. The directors propose to seek to issue the balance of the dollar notes by way of multiple placings, principally with substantial investors, over a period of up to four years so as to maintain an appropriate level of group indebtedness and to match (in so far as is reasonably practicable) and meet the maturing obligations and other funding requirements of the group. Canaccord Capital (Europe) Limited acted as Sponsor and Broker in relation to the proposals. This information is provided by RNS The company news service from the London Stock Exchange