Business
Result of Meeting concerning enhanced proposals...
Result of Meeting concerning enhanced proposals....
About this update from R.e.a. Holdings Plc
[{"type":"text","content":"\n \n\n\nR.E.A. Holdings plc (RE.)\n\n\n\nR.E.A. Holdings plc: Result of Meeting concerning enhanced proposals in respect of 8.75 percent guaranteed sterling notes 202031-March-2020 / 12:07 GMT/BSTDissemination of a Regulatory Announcement that contains inside information according to REGULATION (EU) No 596/2014 (MAR), transmitted by EQS Group.The issuer is solely responsible for the content of this announcement.\n\n\nR.E.A. Holdings plc (\"REA Holdings\")REA Finance B.V. (\"REA Finance\")\n\nEnhanced proposals to extend the date for repayment of the 8.75 per cent guaranteed sterling notes 2020 issued by REA Finance B.V. and irrevocably and unconditionally guaranteed by R.E.A. Holdings plc and R.E.A. Services Limited (the \"sterling notes\")\n\nResults of general meeting of the holders of the sterling notes\n\nAt the general meeting of the holders of the sterling notes held today, the requisite extraordinary resolution approving the proposals for, amongst other things, the extension of the repayment date for the sterling notes from 31 August 2020 to 31 August 2025 was duly passed.\n\nThe holders of a total of £30,852,000 nominal of the sterling notes were eligible to vote at the general meeting, with each £1,000 nominal of sterling notes carrying one vote on a poll. The vote was taken on a poll. Proxies were received for use in connection with the general meeting with the following instructions (treating proxies giving discretion to the chairman as a \"for\" instruction): \n\n\n \n \n \n Votes For (including Chairman's discretion)\n \n \n Votes Discretion Third Party\n \n \n Votes Against\n \n \n Votes Withheld\n \n \n Extraordinary resolution to sanction the proposed extension to the repayment date for the sterling notes from 31 August 2020 to 31 August 2025 and other matters as detailed in the notice of meeting\n \n \n \n\n 20,320,000\n \n \n \n\n 0\n \n \n \n\n 1,600,000\n \n \n \n\n 4,875,000\n \n \n\nImplementation of the enhanced proposals\n\nAccordingly, it is expected that the proposals detailed in the announcement by REA Holdings and REA Finance on 6 March 2020 as enhanced as detailed in the announcement by REA Holdings and REA Finance on 20 March 2020 (the \"enhanced proposals\") will become effective on 1 April 2020.\n\nWarrant strike price\n\nPursuant to the enhanced pr...