20th May 2008 12:07
RAVEN RUSSIA LIMITED
("Raven Russia", the "Company")
Scrip Dividend Scheme for the Final Dividend for the year ended
31st December 2007
The Board of Raven Russia announces that on 28th April 2008 it approved elections for scrip dividends in respect of 52,552,099 Raven Russia shares (12.22% of the issued share capital) and as a result, the Board of Raven Russia has approved the issue and allotment of 2,512,349 new Raven Russia shares (0.584% of the issued share capital) at 83.67p per share. These shares will rank pari passu with all existing shares.
The Raven Russia shares referred to above are Raven Russia's ordinary shares of 1p each and the total number of shares in issue following the above will be 432,552,915 with each ordinary share carrying the right to one vote. There are no shares held in treasury.
Application has been made for these shares to be admitted to AIM which are expected to admit on 21 May 2008.
The total number of voting rights in Raven Russia will therefore be 432,552,915.
Enquiries:
Numis Securities Limited:
Nick Westlake
Nicholas Harland
Tel: +44 (0) 207 260 1000
Bell Pottinger:
Charles Cook
Mike Davies
Tel: +44 (0) 207 861 3232
Related Shares:
RAV.L