1st Dec 2008 16:06
01 December 2008
Raven Russia Limited
("Raven Russia" or the "Company")
Director's holdings
Further to the announcement on 27 November 2008 regarding the Completion of the Internalisation, the Company confirms that in relation to Anton Bilton and Glyn Hirsch, the information in relation to their interests in shares in the Company should have read as follows:
Anton Bilton has direct and indirect holdings totalling 19,422,428 ordinary shares of 1 pence each in the Company, representing approximately 3.79% the Company's issued share capital post Internalisation.
Glyn Hirsch owns 139,863 ordinary shares of 1 pence each in the Company, representing approximately 0.03% the Company's issued share capital post Internalisation.
Anton Bilton and Glyn Hirsch are also potential beneficiaries of the Raven Mount Employee Benefit Trust along with Bim Sandhu and Mark Kirkland (Executive Directors of Raven Mount Group plc), a discretionary trust established for the benefit of employees and former employees of Raven Mount and their spouses, widows, widowers and dependents. This trust has received 1,329,253 Raven Russia shares as result of the Internalisation, representing approximately 0.26% the Company's issued share capital post Internalisation.
In addition post internalisation Raven Mount Group plc, of which Anton Bilton and Glyn Hirsch are both Directors and shareholders, holds 29,035,054 shares in Raven Russia.
Save as set out in this announcement, there is no further information relating to either Glyn Hirsch or Anton Bilton required to be disclosed pursuant to rule 17 of the AIM Rules.
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Further enquiries:
Raven Russia Limited
Richard Jewson, Chairman Tel: +44 (0) 1603 757 909
Bell Pottinger Corporate & Financial
Charles Cook Tel: +44 (0) 20 7861 3232
Mike Davies
Andrew Benbow
Numis Securities Limited
Financial Adviser, Nominated Adviser and Joint Broker
Nick Westlake (Nomad) Tel: + 44 (0) 20 7260 1000
Nick Harland
Rupert Krefting
Related Shares:
RAV.L