29th Dec 2009 16:00
RAVEN RUSSIA LIMITED
("Raven Russia" or the "Company")
Issue of ordinary shares and preference shares
The Company announces that it has approved the issue and allotment of 1,049 new ordinary shares of GBP0.01 per share in the Company following an exercise of warrants. These shares will rank pari passu with all existing ordinary shares. Application has been made for admission of the new ordinary shares to trading on the Alternative Investment Market of the London Stock Exchange and dealings are expected to commence on 31 December 2009.
In conformity with the FSA's Disclosure and Transparency Rules, following admission of the new ordinary shares, the Company's capital consists of 512,697,594 ordinary shares with voting rights.
The above figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in the Company under the FSA's Disclosure and Transparency Rules.
The total number of warrants now in issue is 142,419,799.
The Company also announces that it has approved the issue and allotment of 530,049 new preference shares of GBP0.01 each in the Company following payment of the scrip preference share dividend. These new preference shares will rank pari passu with all existing preference shares. Application has been made for admission of the new preference shares to trading on the Alternative Investment Market of the London Stock Exchange and dealings are expected to commence on 31 December 2009.
Following admission of the new preference shares, the total number of preference shares now in issue is 143,315,179.
Enquiries
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Raven Russia Limited |
Tel: +44 (0)1481 71 2955 |
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Anton Bilton / Glyn Hirsch |
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Bell Pottinger Corporate & Financial |
Tel: +44 (0)20 7861 3881 |
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Charles Cook / Dan de Belder |
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Numis Securities Limited (NOMAD, Financial Adviser and Joint Broker to Raven Russia Limited) |
Tel: +44 (0)20 7260 1000 |
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Nick Westlake / Rupert Krefting |
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Related Shares:
RAV.L