29th Sep 2020 14:00
29 September 2020
Raven Property Group Limited ("Raven" or the "Company")
Result of General Meeting and Tender Offer
Raven announces that, at the General Meeting of the Company held at 10:30 a.m. today, the special resolution put to ordinary shareholders was duly passed.
Defined terms used in this announcement shall have the same meaning as set out in the Tender Offer circular to shareholders dated 9 September 2019.
A summary of the votes lodged by proxy is as follows:
For (see note 1) | Against (see note 1) | Number of votes withheld (see note 2) | Total Votes Cast | ||
No. of votes | % | No. of votes | % | ||
371,900,392 | 98.16% | 6,961,135 | 1.84% | 8,746 | 378,861,527 |
Notes:
1. "Votes For" includes those giving the Chairman discretion and votes "For" and "Against" are expressed as a percentage of votes received.
2. A "Vote Withheld" is not a vote in law and is not counted in the calculation of the votes "For" and "Against" a resolution.
3. Total number of Ordinary Shares in issue at 10:30 a.m. on 25 September 2020 was 489,746,016 Ordinary Shares. 77.36% of voting capital was instructed.
Raven can confirm that a total of 25,438,653 Ordinary Shares have been tendered in connection with the Tender Offer. Tenders for up to and including the Tender Offer Entitlement of 1 Ordinary Share for every 16 Ordinary Shares at 36 pence per share will be met in full. This will result in a payment of approximately £9.1 million by the Company. Payment will be made to shareholders by 9 October 2020. 19,438,653 Ordinary Shares purchased by the Company pursuant to the Tender Offer will be cancelled with 6,000,000 Ordinary Shares remaining as treasury shares.
A copy of the resolution passed at today's General Meeting is available at the National Storage Mechanism and is available for viewing online at: https://data.fca.org.uk/#/nsm/nationalstoragemechanism
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 732746 |
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
Related Shares:
RAV.L