29th Dec 2017 13:15
29 December 2017
Raven Russia Limited ("Raven Russia" or the "Company")
Directors' Dealings
Pursuant to the Disclosure Guidance and Transparency Rule 3.1.2-A, the following information falls to be disclosed:
The Company was notified by the trustees of the Raven Russia Employee Benefit Trust No 1 ("the Trustees"), that they have transferred preference shares of 1p each in the capital of the Company ("Preference Shares") and convertible preference shares of no par value in the capital of the company ("Convertible Preference Shares") to certain directors of the Company in satisfaction of awards granted under the 2016 Retention Scheme.
The Company was also notified today that Glyn Hirsch, Chief Executive Officer of the Company, disposed of 56,866 Preference Shares at a price of 146p per share to meet tax liabilities arising.
Details of the transfers and the Directors' interests in Preference Shares and Convertible Preference Shares are set out in the table below:
Preference Shares (RUSP) | Total interests in Preference Shares (RUSP) | Percentage of Preference Shares in issue (RUSP) | Convertible Preference Shares (RUSC) | Total interests in Convertible Preference Shares (RUSC) | Percentage of Convertible Preference Shares in issue (RUSC) | |
Anton Bilton(1) | 133,236 | 5,953,355 | 6.0014 | 534,749 | 1,729,144 | 0.8725 |
Glyn Hirsch(1) | 133,236 | 2,219,595(2) | 2.2375(2) | 534,749 | 1,729,144 | 0.8725 |
Mark Sinclair(1) | 41,519 | 762,351 | 0.7685 | 166,638 | 425,013 | 0.2144 |
Colin Smith(1) | 36,828 | 503,719 | 0.5078 | 147,809 | 293,875 | 0.1483 |
(1) includes preference shares and convertible preference shares held by trusts where the individual or close family members are beneficiaries
(2) Total interests shown after disposal noted in this announcement
The notifications below, made in accordance with the requirements of the EU Market Abuse Regulation, provide further detail.
Enquiries
Raven Russia Limited Tel: + 44 (0) 1481 712955
Anton Bilton
Glyn Hirsch
Novella Communications Tel: +44 (0) 203 151 7008
Tim Robertson
Toby Andrews
N+1 Singer Tel: +44 (0) 20 7496 3000
Corporate Finance - James Maxwell / Liz Yong
Sales - Alan Geeves / James Waterlow
Numis Securities Limited Tel: + 44 (0) 207 260 1000
Alex Ham / Jamie Loughborough / Alasdair Abram
Ravenscroft Tel: + 44 (0) 1481 729100
Jade Cook
About Raven Russia
Raven Russia was founded in 2005 to invest in class A warehouse complexes in Russia and lease to Russian and International tenants. Its Ordinary Shares, Preference Shares and Warrants are listed on the Main Market of the London Stock Exchange and admitted to the Official List of The International Stock Exchange ("TISE"). Its Convertible Preference Shares are admitted to the Official List of TISE and trading on the SETSqx market of the London Stock Exchange. The Group operates out of offices in Guernsey, Moscow and Cyprus and has an investment portfolio of circa 1.8 million square metres of Grade "A" warehouses in Moscow, St Petersburg, Rostov-on-Don and Novosibirsk and 49,000 square metres of commercial office space in St Petersburg. For further information visit the Company's website: www.ravenrussia.com
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||
a)
| Name
| Praxis Trustees Limited and Truchot Trustees Limited - trustees of a trust of which Anton Bilton and his immediate family are a beneficiary | ||||
2
| Reason for the notification
| |||||
a)
| Position/status
| PCA of Anton Bilton, a PDMR | ||||
b)
| Initial notification /Amendment
| Initial notification | ||||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| |||||
a)
| Name
| Raven Russia Limited | ||||
b)
| LEI
| 213800YJ5HI5CBXCYJ65 | ||||
4
| Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
| |||||
a)
| Description of the financial instrument, type of instrument
Identification code
|
Preference Shares of 1p each
GG00B55K7B92
| ||||
b)
| Nature of the transaction
| Transfer of shares under 2016 Retention Scheme
| ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price
|
Not applicable
| ||||
e)
| Date of the transaction
| 29/12/2017 | ||||
f)
| Place of the transaction
| Outside of trading venue | ||||
1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||
a)
| Name
| Praxis Trustees Limited and Truchot Trustees Limited - trustees of a trust of which Anton Bilton and his immediate family are a beneficiary | ||||
2
| Reason for the notification
| |||||
a)
| Position/status
| PCA of Anton Bilton, a PDMR | ||||
b)
| Initial notification /Amendment
| Initial notification | ||||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| |||||
a)
| Name
| Raven Russia Limited | ||||
b)
| LEI
| 213800YJ5HI5CBXCYJ65 | ||||
4
| Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
| |||||
a)
| Description of the financial instrument, type of instrument
Identification code
|
Convertible Preference Shares of no par value
GG00BYVFCC74
| ||||
b)
| Nature of the transaction
| Transfer of shares under 2016 Retention Scheme
| ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price
|
Not applicable
| ||||
e)
| Date of the transaction
| 29/12/2017 | ||||
f)
| Place of the transaction
| Outside of trading venue | ||||
1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||
a)
| Name
| Glyn Hirsch | ||||
2
| Reason for the notification
| |||||
a)
| Position/status
| Director / PDMR | ||||
b)
| Initial notification /Amendment
| Initial notification | ||||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| |||||
a)
| Name
| Raven Russia Limited | ||||
b)
| LEI
| 213800YJ5HI5CBXCYJ65 | ||||
4
| Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
| |||||
a)
| Description of the financial instrument, type of instrument
Identification code
|
Preference Shares of 1p each
GG00B55K7B92
| ||||
b)
| Nature of the transaction
| Transfer of shares under 2016 Retention Scheme | ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price
|
Not applicable
| ||||
e)
| Date of the transaction
| 29/12/2017 | ||||
f)
| Place of the transaction
| Outside of trading venue | ||||
1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||
a)
| Name
| Glyn Hirsch | ||||
2
| Reason for the notification
| |||||
a)
| Position/status
| Director / PDMR | ||||
b)
| Initial notification /Amendment
| Initial notification | ||||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| |||||
a)
| Name
| Raven Russia Limited | ||||
b)
| LEI
| 213800YJ5HI5CBXCYJ65 | ||||
4
| Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
| |||||
a)
| Description of the financial instrument, type of instrument
Identification code
|
Preference Shares of 1p each
GG00B55K7B92
| ||||
b)
| Nature of the transaction
| Sale | ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price
|
Not applicable
| ||||
e)
| Date of the transaction
| 29/12/2017 | ||||
f)
| Place of the transaction
| Outside of trading venue | ||||
1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||
a)
| Name
| Glyn Hirsch | ||||
2
| Reason for the notification
| |||||
a)
| Position/status
| Director / PDMR | ||||
b)
| Initial notification /Amendment
| Initial notification | ||||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| |||||
a)
| Name
| Raven Russia Limited | ||||
b)
| LEI
| 213800YJ5HI5CBXCYJ65 | ||||
4
| Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
| |||||
a)
| Description of the financial instrument, type of instrument
Identification code
|
Convertible Preference Shares of no par value
GG00BYVFCC74
| ||||
b)
| Nature of the transaction
| Transfer of shares under 2016 Retention Scheme | ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price
|
Not applicable
| ||||
e)
| Date of the transaction
| 29/12/2017 | ||||
f)
| Place of the transaction
| Outside of trading venue | ||||
1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||
a)
| Name
| Mark Sinclair | ||||
2
| Reason for the notification
| |||||
a)
| Position/status
| Director / PDMR | ||||
b)
| Initial notification /Amendment
| Initial notification | ||||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| |||||
a)
| Name
| Raven Russia Limited | ||||
b)
| LEI
| 213800YJ5HI5CBXCYJ65 | ||||
4
| Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
| |||||
a)
| Description of the financial instrument, type of instrument
Identification code
|
Preference Shares of 1p each
GG00B55K7B92
| ||||
b)
| Nature of the transaction
| Transfer of shares under 2016 Retention Scheme | ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price
|
Not applicable
| ||||
e)
| Date of the transaction
| 29/12/2017 | ||||
f)
| Place of the transaction
| Outside of trading venue | ||||
1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||
a)
| Name
| Mark Sinclair | ||||
2
| Reason for the notification
| |||||
a)
| Position/status
| Director / PDMR | ||||
b)
| Initial notification /Amendment
| Initial notification | ||||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| |||||
a)
| Name
| Raven Russia Limited | ||||
b)
| LEI
| 213800YJ5HI5CBXCYJ65 | ||||
4
| Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
| |||||
a)
| Description of the financial instrument, type of instrument
Identification code
|
Convertible Preference Shares of no par value
GG00BYVFCC74
| ||||
b)
| Nature of the transaction
| Transfer of shares under 2016 Retention Scheme | ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price
|
Not applicable
| ||||
e)
| Date of the transaction
| 29/12/2017 | ||||
f)
| Place of the transaction
| Outside of trading venue | ||||
1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||
a)
| Name
| Colin Smith | ||||
2
| Reason for the notification
| |||||
a)
| Position/status
| Director / PDMR | ||||
b)
| Initial notification /Amendment
| Initial notification | ||||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| |||||
a)
| Name
| Raven Russia Limited | ||||
b)
| LEI
| 213800YJ5HI5CBXCYJ65 | ||||
4
| Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
| |||||
a)
| Description of the financial instrument, type of instrument
Identification code
|
Preference Shares of 1p each
GG00B55K7B92
| ||||
b)
| Nature of the transaction
| Transfer of shares under 2016 Retention Scheme
| ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price
|
Not applicable
| ||||
e)
| Date of the transaction
| 29/12/2017 | ||||
f)
| Place of the transaction
| Outside of trading venue | ||||
1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||
a)
| Name
| New Street Trust Limited - trustees of a trust of which Colin Smith and his immediate family are a beneficiary | ||||
2
| Reason for the notification
| |||||
a)
| Position/status
| PCA of Colin Smith, a PDMR | ||||
b)
| Initial notification /Amendment
| Initial notification | ||||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| |||||
a)
| Name
| Raven Russia Limited | ||||
b)
| LEI
| 213800YJ5HI5CBXCYJ65 | ||||
4
| Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
| |||||
a)
| Description of the financial instrument, type of instrument
Identification code
|
Preference Shares of 1p each
GG00B55K7B92
| ||||
b)
| Nature of the transaction
| Transfer of shares under 2016 Retention Scheme
| ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price
|
Not applicable
| ||||
e)
| Date of the transaction
| 29/12/2017 | ||||
f)
| Place of the transaction
| Outside of trading venue | ||||
1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||
a)
| Name
| Colin Smith | ||||
2
| Reason for the notification
| |||||
a)
| Position/status
| Director / PDMR | ||||
b)
| Initial notification /Amendment
| Initial notification | ||||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| |||||
a)
| Name
| Raven Russia Limited | ||||
b)
| LEI
| 213800YJ5HI5CBXCYJ65 | ||||
4
| Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
| |||||
a)
| Description of the financial instrument, type of instrument
Identification code
|
Convertible Preference Shares of no par value
GG00BYVFCC74
| ||||
b)
| Nature of the transaction
| Transfer of shares under 2016 Retention Scheme
| ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price
|
Not applicable
| ||||
e)
| Date of the transaction
| 29/12/2017 | ||||
f)
| Place of the transaction
| Outside of trading venue | ||||
1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||
a)
| Name
| New Street Trust Limited - trustees of a trust of which Colin Smith and his immediate family are a beneficiary | ||||
2
| Reason for the notification
| |||||
a)
| Position/status
| PCA of Colin Smith, a PDMR | ||||
b)
| Initial notification /Amendment
| Initial notification | ||||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| |||||
a)
| Name
| Raven Russia Limited | ||||
b)
| LEI
| 213800YJ5HI5CBXCYJ65 | ||||
4
| Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
| |||||
a)
| Description of the financial instrument, type of instrument
Identification code
|
Convertible Preference Shares of no par value
GG00BYVFCC74
| ||||
b)
| Nature of the transaction
| Transfer of shares under 2016 Retention Scheme
| ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price
|
Not applicable
| ||||
e)
| Date of the transaction
| 29/12/2017 | ||||
f)
| Place of the transaction
| Outside of trading venue | ||||
Related Shares:
RAV.L