Exercise of Warrant Rights

Exercise of Warrant Rights

R.E.A.Hldgs PLC

R.E.A.Hldgs PLC 17 October 2006 R.E.A. Holdings plc (the "company") The company has today exercised on behalf of the holders of 266,031 warrants their subscription and conversion rights and has allotted 266,031 ordinary shares of 25p subject to admission of those shares to the Official List of the UK Listing Authority and to trading on the London Stock Exchange's market for listed securities. The 266,031 ordinary shares referred to above have been placed by the company's brokers, Mirabaud Securities Limited. Application for such admission has been made. It is expected that admission will become effective on 20 October 2006 and that dealings in the new ordinary shares will commence on that date. The net proceeds of sale, after deduction of the cost of subscribing such ordinary shares will be distributed to each holder pro rata (provided that such net proceeds payable to a holder exceed £3). In consequence, there are no warrants in issue and the company has requested that the listing of the warrants on the Official List of the UK Listing Authority and on the London Stock Exchange's market for listed securities be cancelled with effect from 1 November 2006 This information is provided by RNS The company news service from the London Stock Exchange
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