30th Apr 2018 16:00
30 April 2018
Raven Russia Limited ("Raven Russia" or the "Company")
Directors' Dealings
Pursuant to the Disclosure Guidance and Transparency Rule 3.1.2, the following information falls to be disclosed:
The Company was notified by the trustees of the Raven Russia Employee Benefit Trust No 1, that they have transferred ordinary shares of 1p each in the capital of the Company ("Ordinary Shares") to directors of the Company in satisfaction of the Annual Performance Incentive for 2017.
The Company was also notified today, that Glyn Hirsch, Chief Executive Officer of the Company, sold 173,958 Ordinary Shares at a price of 43.1p per Ordinary Share, to meet tax liabilities that fall due as a result of the awards vesting.
Details of the transfers and the Directors' interests in Ordinary Shares following these transactions are set out in the table below:
Ordinary Shares Transferred | Total interests in Ordinary Shares | Percentage of Ordinary Shares | |
Anton Bilton | 852,000 | 44,719,676 | 6.7698% |
Glyn Hirsch | 852,000 | 8,183,682 | 1.2389% |
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 UK Listing Authority and the Official List of The International Stock Exchange ("TISE"). Its Convertible Preference Shares are admitted to the Official List of TISE and to 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 & Truchot Trustees Limited | ||||
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
|
Ordinary shares of 1p each
GB00B0D5V538 | ||||
b)
| Nature of the transaction
| Transfer of shares under Annual Performance Incentive | ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price
|
Not applicable
| ||||
e)
| Date of the transaction
| 27 April 2018 | ||||
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
| 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
|
Ordinary shares of 1p each
GB00B0D5V538
| ||||
b)
| Nature of the transaction
| Transfer of shares under Annual Performance Incentive
| ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price
|
Not applicable
| ||||
e)
| Date of the transaction
| 27 April 2018 | ||||
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
| 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
|
Ordinary shares of 1p each
GB00B0D5V538
| ||||
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
| 27 April 2018 | ||||
f)
| Place of the transaction
| Outside of trading venue | ||||
Related Shares:
RAV.L