By Angela McDaniels
Tacoma, Wash., Oct. 28 - R.E.A. Holdings plc priced a £9 million add-on to its 9% cumulative preference shares, according to a company news release.
This brings the total amount of preferreds to £27.06 million.
Guy Butler Ltd. was the manager.
The preferreds sold for par of 100p each. They are not redeemable.
The issue is conditioned on the new preferreds being admitted for trading on the London Stock Exchange. The company expects this to occur Friday.
London-based R.E.A. Holdings' principal activities are the cultivation of oil palms and the production of crude palm oil in the Indonesian province of East Kalimantan.
| Issuer: | R.E.A. Holdings plc
|
| Issue: | Cumulative preference shares
|
| Amount: | £9 million
|
| Total amount: | £27,063,681, including add-on
|
| Manager: | Guy Butler Ltd.
|
| Dividend: | 9%
|
| Price: | Par of 100p
|
| Call option: | None
|
| Pricing date: | Oct. 28
|
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