28th Jun 2022 14:15
Raven Property Group Ltd - Russia-focused commercial property investment firm - Says its shares have been cancelled from trading on the London Stock Exchange.
Back in March, Raven Property said it had suspended the trading of its shares and will delist as part of a wider plan to divest itself of its Russian business to a company owned by its own management team.
"The impact of the actions of Russia on Ukraine has completely compromised the company's business model and its ability to assess its current financial position and ability to inform the market accordingly," the company said.
Shares in the firm were suspended on the Johannesburg Stock Exchange, the London Stock Exchange, the International Stock Exchange and the Moscow Exchange in March.
Current stock price: cancelled, last quoted at 4.02 pence
12-month change: down 86%
By Sophie Rose; [email protected]
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