30th Sep 2020 07:00
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, INTO ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION
30 September 2020
Raven Property Group Limited
("Raven" or the "Company")
Completion of Re-designation of Convertible Preference Shares into New Ordinary Shares and New Preference Shares
On 14 July 2020, the Company published a Prospectus in relation to the proposed re-designation of its Convertible Preference Shares into New Ordinary Shares and New Preference Shares. The resolutions necessary for the Re-designation to take effect were passed at a general meeting of the Company's shareholders and class meetings of its Convertible Preference Shareholders and Preference Shareholders on 31 July 2020.
In accordance with the timetable set out in the Prospectus, the Re-designation completed earlier today at 00.00. Admission and commencement of dealings in 121,046,403 New Ordinary Shares and 115,913,610 New Preference Shares on the London Stock Exchange's Main Market will occur at 8.00 a.m. this morning, 30 September 2020.1 Following completion of the Re-designation, the Company's entire Convertible Preference Share class is no longer in existence.
CREST accounts will be credited with the New Ordinary Shares and New Preference Shares today. Definitive share certificates in respect of the New Ordinary Shares and New Preference Shares will be dispatched by 14 October 2020.
Defined terms used in this announcement shall have the same meaning as set out in the Company's Prospectus dated 14 July 2020.
(1) Dealings in New Ordinary Shares are also expected to commence at 8.00 a.m.(local time, in each case) on or about 30 September on (i) The International Stock Exchange (ii) the main board of the Johannesburg Stock Exchange; and(iii) the Moscow Stock Exchange. Dealings in the New Preference Shares are also expected to commence on The International Stock Exchange at 8.00 a.m. on 30 September 2020.
Enquiries
Raven Property Group Limited Anton Bilton Glyn Hirsch
| Tel: + 44 (0) 1481 712955 |
Novella Communications (public relations adviser) Tim Robertson Fergus Young
| Tel: +44 (0) 203 151 7008 |
N+1 Singer (UK joint broker) Corporate Finance - James Maxwell / James Moat Sales - Alan Geeves / James Waterlow
| Tel: +44 (0) 20 7496 3000 |
Numis Securities Limited (UK joint broker) Alex Ham / Jamie Loughborough / Alasdair Abram Nathan Brown / George Shiel
| Tel: + 44 (0) 207 260 1000 |
Renaissance Capital (South African broker) Yvette Labuschagne
| Tel: +27 (11) 750 1448 |
Renaissance Capital (Russian broker) David Pipia
| Tel: + 7 495 258 7770 |
Ravenscroft (TISE sponsor) Semelia Hamon
| 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. 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
Related Shares:
RAV.L