15th Oct 2014 16:01
LONDON (Alliance News) - Raven Russia Ltd Wednesday said a group of executives acquired shares as a result of participation in its tender offer Tuesday.
Details are as follows.
Ordinary shares tendered | No of ordinary shares held after the purchase and tender offer | Percentage of issued share capital | |
Richard Jewson | 8,442 | 286,253 | 0.0388 |
Anton Bilton | 1,887,108 | 54,726,216 | 7.4216 |
Glyn Hirsch | 268,501 | 7,786,599 | 1.0560 |
Mark Sinclair | 105,979 | 3,090,194 | 0.4191 |
Colin Smith | 30,758 | 1,066,091 | 0.1446 |
Stephen Coe | 4,661 | 126,030 | 0.0167 |
David Moore | 7,672 | 222,501 | 0.0302 |
Raven Russia Ltd last Friday said it will buy 25.1 million shares at 75 pence each under its tender offer, meaning it will pay GBP18.9 million to shareholders in exchange for the shares.
Of the 25.1 million shares purchased under the tender offer, 8.1 million will be held as treasury shares and the remainder will be cancelled.
Shares closed down 6.3% at 59.75p Wednesday.
By Arvind Bhunjun; [email protected]; @ArvindBhunjun
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