Business
Exercise of Warrant Rights
Exercise of Warrant Rights.
About this update from R.e.a. Holdings Plc
[{"type":"text","content":"\n R.E.A.Hldgs PLC\n17 October 2006\n\nR.E.A. Holdings plc (the 'company')\n\nThe company has today exercised on behalf of the holders of 266,031 warrants\ntheir subscription and conversion rights and has allotted 266,031 ordinary\nshares of 25p subject to admission of those shares to the Official List of the\nUK Listing Authority and to trading on the London Stock Exchange's market for\nlisted securities.\n\nThe 266,031 ordinary shares referred to above have been placed by the company's\nbrokers, Mirabaud Securities Limited.\n\nApplication for such admission has been made. It is expected that admission will\nbecome effective on 20 October 2006 and that dealings in the new ordinary shares\nwill commence on that date.\n\nThe net proceeds of sale, after deduction of the cost of subscribing such\nordinary shares will be distributed to each holder pro rata (provided that such\nnet proceeds payable to a holder exceed £3).\n\nIn consequence, there are no warrants in issue and the company has requested\nthat the listing of the warrants on the Official List of the UK Listing\nAuthority and on the London Stock Exchange's market for listed securities be\ncancelled with effect from 1 November 2006\n\n\n\n This information is provided by RNS\n The company news service from the London Stock Exchange\n \n ","length":1548,"tagName":"div"}]