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R.E.A. Holdings complete share placing

By BFN News | 10:33 AM | Friday 13 June, 2014

R.E.A. Holdings has finalised its arragements for issuing around 5m new 9% cumulative preference shares of £1 each by way of a placing for cash. As a result 5,210,000 new preference shares at a price of 120p per share have been placed. The preference shares entitle the holders to be paid out of the profits of the company available for dividend and resolved to be distributed, in priority to the payment of any dividend to the holders of any other class of shares in the capital of the company, a fixed cumulative preferential dividend of 9% per annum on the nominal amount paid up on such preference shares. It is payable half-yearly in equal amounts on 30 June and 31 December. The new shares are not redeemable. At 10:33am: (LON:RE.) R.E.A. Holdings PLC share price was +2.88p at 484.88p Story provided by

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