1st Sep 2016 16:00
1 September 2016
Raven Russia Limited ("Raven Russia" or the "Company")
Directors' Dealing
Pursuant to Disclosure Guidance and Transparency Rule 3.1.2-A, the following information falls to be disclosed:
On 30 August 2016, Stephen Coe, Non Executive Director of the Company, purchased 8,000 cumulative redeemable preference shares of 1p each in the capital of the Company ("Preference Shares") at a price of 137.75p per share. Following this transaction Stephen Coe and his immediate family have a beneficial interest in 62,040 Preference Shares being 0.0629% of the total Preference Shares in issue.
On 31 August 2016, Colin Smith, Chief Operating Officer of the Company, sold in total 43,000 cumulative convertible redeemable preference shares of no par value each in the capital of the Company ("Convertible Preference Shares") at a price of 107p per share to meet tax liabilities. 21,500 of these Convertible Preference Shares were sold by New Street Limited as trustee of the Lorier Discretionary Trust, a trust of which Colin Smith is a beneficiary. Following this transaction Colin Smith and his immediate family have a beneficial interest in 186,500 Convertible Preference Shares being 0.1716% of the total Convertible Preference Shares in issue.
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
Barclays Bank Plc Tel: +44 (0) 20 7623 2323
Tom Boardman / Tom Macdonald
Ravenscroft Tel: + 44 (0) 1481 729100
David McGall
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 Channel Islands Securities Exchange Authority Limited ("CISEA"). Its Convertible Preference Shares are admitted to the CISEA 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
1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||
a)
| Name
| Stephen Coe | ||||
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
| - | ||||
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
|
Cumulative redeemable preference shares of 1p each
GG00B55K7B92
| ||||
b)
| Nature of the transaction
| Purchase
| ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price
|
Not applicable
| ||||
e)
| Date of the transaction
| 30/08/2016 | ||||
f)
| Place of the transaction
| Main Market | ||||
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
| - | ||||
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
|
Cumulative convertible redeemable preference shares of no par value each
GG00BYVFCC74 | ||||
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
| 31/08/2016 | ||||
f)
| Place of the transaction
| Off market | ||||
1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||
a)
| Name
| New Street Trust Limited as trustee of the Lorier Discretionary Trust | ||||
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
| - | ||||
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
|
Cumulative convertible redeemable preference shares of no par value each
GG00BYVFCC74 | ||||
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
| 31/08/2016 | ||||
f)
| Place of the transaction
| Off market | ||||
Related Shares:
RAV.L