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LONDON - R.E.A. Holdings plc (LSE:RE.) announced Thursday that holders of its 7.5 per cent dollar notes have approved proposals to extend the redemption date from June 30, 2026, to December 31, 2028.
At a noteholders meeting, investors also approved a potential reduction of the company’s capital by decreasing up to $20 million from its share premium account.
The voting results showed strong support for the measures, with $24,674,218 nominal value of notes voting in favor and only $5,000 against. Holders of $27,035,218 nominal value of notes were eligible to vote at the meeting, with each $1 nominal carrying one vote.
The proposals were officially implemented following the meeting through the execution of a supplemental trust deed, which became effective immediately.
The company had initially announced these proposals on August 11, 2025, seeking noteholder approval for the extension and capital reduction plans.
R.E.A. Holdings, which primarily operates in the palm oil sector in Indonesia, made the announcement via a press release statement issued to the London Stock Exchange.
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