21st Aug 2019 15:16
(Alliance News) - Raven Property Group Ltd said Wednesday that Woodford Investment Management Ltd has reduced its stake in the company to less than 5% from 13% in a transaction on Tuesday.
At the start of July, Raven said it would purchase 106.2 million shares from institutional shareholders, at 36 pence per share.
This was made up of 72.1 million shares from Woodford Investment Management Ltd, and then between 17.0 million and 34.1 million shares from Invesco Asset Management Ltd.
Shares in the Russia-focused commercial investor were down 2.1% at 37.0p in London, but was untraded in Johannesburg at ZAR8.10 on Wednesday.
Related Shares:
RAV.L