14th May 2015 09:43
LONDON (Alliance News) - Raven Russia Ltd Thursday said that nearly 22.7 million shares were tendered into its share tender offer, meaning it will pay out about GBP11.8 million to shareholders.
The investor in Russian warehouse complexes offered to buy one in every 15 shares at 52 pence each under the tender offer up to a maximum of 49.2 million shares.
Raven Russia shares were up 2.1% at 53.37 pence Thursday morning.
By Steve McGrath; [email protected]; @stevemcgrath1
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