2nd Apr 2019 15:30
2 April 2019
Raven Property Group Limited ("Raven" 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 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 the final payment due under the 2016 Retention Scheme.
Details of the transfers and the Directors' interests in Convertible Preference Shares are set out in the table below:
Convertible Preference Shares (RAVC) | Total interests in Convertible Preference Shares (RAVC) | Percentage of Convertible Preference Shares in issue (RAVC) | |
Anton Bilton(1) | 767,412 | 2,496,556 | 1.26% |
Glyn Hirsch(1) | 767,412 | 2,496,556 | 1.26% |
Mark Sinclair(1) | 479,419 | 904,432 | 0.46% |
Colin Smith(1) | 424,334 | 681,604 | 0.34% |
(1) includes convertible preference shares held by trusts where the individual or close family members are beneficiaries
The notifications below, made in accordance with the requirements of the EU Market Abuse Regulation, provide further detail.
Enquiries
Raven Property Group Limited Anton Bilton Glyn Hirsch
| Tel: + 44 (0) 1481 712955 |
Novella Communications Tim Robertson Toby Andrews
| Tel: +44 (0) 203 151 7008 |
N+1 Singer Corporate Finance - James Maxwell / James Moat Sales - Alan Geeves / James Waterlow
| Tel: +44 (0) 20 7496 3000 |
Numis Securities Limited Alex Ham / Jamie Loughborough / Alasdair Abram
| Tel: + 44 (0) 207 260 1000 |
Renaissance Capital (South Africa) Yvette Labuschagne
| Tel: +27 (11) 750 1448 |
Renaissance Capital (Moscow) David Pipia
| Tel: + 7 495 258 7770 |
Ravenscroft Jade Cook
| Tel: + 44 (0) 1481 729100 |
About Raven Property Group
Raven Property Group Limited was founded in 2005 to invest in class A warehouse complexes in Russia and lease to Russian and International tenants. Its Ordinary Shares and preference shares 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 Ordinary Shares also have a secondary listing on the main board of the Johannesburg Stock Exchange and the Moscow Stock Exchange. 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 1.9 million square metres of Grade "A" warehouses in Moscow, St Petersburg, Rostov-on-Don, Novosibirsk and Nizhny Novgorod and 49,000 square metres of commercial office space in St Petersburg. For further information visit the Company's website: www.theravenpropertygroup.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 Property Group 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
| 1/4/19 | ||||
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 Property Group 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
| 1/4/19 | ||||
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 Property Group 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
| 1/4/19 | ||||
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 Property Group 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
| 1/4/19 | ||||
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 Property Group 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
| 1/4/19 | ||||
f)
| Place of the transaction
| Outside of trading venue | ||||
Related Shares:
RAV.L