21st Apr 2017 15:15
21 April 2017
Raven Russia Limited ("Raven Russia" or the "Company")
Directors' Dealings
The Company was notified today of the following Directors' Dealing transactions:
Glyn Hirsch, Chief Executive Officer of the Company, has exercised Long Term Incentive Plan options over 637,742 ordinary shares of 1p each in the capital of the Company ("Ordinary Shares"), with an exercise price of 25p.
Glyn Hirsch and pension schemes in which Glyn Hirsch is beneficially interested, have agreed to exercise a total of 2,292,817 warrants to subscribe for Ordinary Shares ("Warrants") and simultaneously agreed to sell the resultant Ordinary Shares at a price of 51p.
Following these transactions the beneficial interest of Glyn Hirsch and his immediate family in Ordinary Shares will increase to 7,958,918 Ordinary Shares representing 1.1914% of the issued ordinary share capital of the Company. Glyn Hirsch and his immediate family will no longer have an interest in the Company's Warrants following the exercises noted above.
Anton Bilton, Executive deputy Chairman of the Company, agreed to exercise 10,403,262 Warrants and simultaneously agreed to sell the resultant Ordinary Shares at a price of 51p.
The Cassian and Lily Bilton Trust, a trust of which Anton Bilton is interested, agreed to exercise 25,987 Warrants and simultaneously agreed to sell the resultant Ordinary Shares at a price of 51p.
The Bilton Charitable Foundation, a trust of which Anton Bilton is a trustee, agreed to exercise 230,984 Warrants and simultaneously agreed to sell the resultant Ordinary Shares at a price of 51p.
A pension scheme which Anton Bilton is beneficially interested, agreed to exercise 721,826 Warrants and simultaneously agreed to sell the resultant Ordinary Shares at a price of 51p
Following these transactions the beneficial interest of Anton Bilton and his immediate family in Ordinary Shares will be unchanged and they will no longer have an interest in the Company's Warrants.
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
Ravenscroft Tel: + 44 (0) 1481 729100
Semelia Hamon
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 Authority ("TISEA"). Its Convertible Preference Shares are admitted to the TISEA Official List and trading on the SETSqx market of the London Stock Exchange. The Company operates out of offices in Guernsey, Moscow and Cyprus and has to date completed a portfolio of circa 1.5 million square metres of Grade "A" warehouses in Moscow, St Petersburg, Rostov-on-Don and Novosibirsk. 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
The following disclosure is made in accordance with Article 19 of the EU Market Abuse Regulation 596/2014.
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
|
Ordinary Shares of 1p each
GB00B0D5V538 | ||||
b)
| Nature of the transaction
| Exercise of options over Ordinary Shares of 1p each | ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price
|
Not applicable
| ||||
e)
| Date of the transaction
| 19 April 2017 | ||||
f)
| Place of the transaction
| Outside of trading venue | ||||
Related Shares:
RAV.L