R.E.A. Holdings Plc Announces Dividend Payment for Preference Shares

R.E.A. Holdings plc ("REA" or the "company") has declared a dividend payment for its 9 per cent cumulative preference shares. This announcement follows the successful closing of the subscription agreement with PT Dharma Nusantara Satya ("DSN") and the subsequent settlement of immediate financial dues as outlined in their shareholder circular dated 25 January 2024. The decision comes after earlier communications on 29 February 2024, indicating a planned dividend declaration contingent on these settlements.

The declared dividend addresses all outstanding arrears, amounting to an aggregate of 11.5p per preference share. Payment is scheduled for 15 April 2024 to those shareholders of record at the close of business on 2 April 2024. This move is aligned with the company's commitment to its shareholders and follows the London Stock Exchange's dividend procedure timetable.