2nd Jul 2018 12:00
2 July 2018
Raven Property Group Limited ("Raven" or the "Company")
Transfer of Shares out of treasury (LR 12.6.4)
Pursuant to Listing Rule 12.6.4, Raven announces the following transfer of ordinary shares of 1p each in the capital of the Company ("Ordinary Shares") out of treasury to a wholly owned subsidiary of the Company, RPG Holdings Limited ("RPG"). RPG will hold these Ordinary Shares to assist with any liquidity requirements associated with the potential secondary listings of the Company's Ordinary Shares on the Moscow and Johannesburg stock exchanges. As previously announced on 31 May 2018, the Company will update the market further regarding such potential secondary listings as they progress..
Date of transfer | Number of Ordinary Shares transferred out of treasury
| Transfer price | Number of Ordinary Shares held in treasury following the transfer | Total number of Ordinary Shares in issue less the total number of Ordinary Shares held in treasury following the transfer |
29.06.2018 | 8,000,000 | 45p (being the closing price on 28.06.2018) | Nil | 637,114,010 |
Enquiries
Raven Property Group 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
Numis Securities Limited Tel: + 44 (0) 207 260 1000
Alex Ham / Jamie Loughborough / Alasdair Abram
Ravenscroft Tel: + 44 (0) 1481 729100
Jade Cook
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, preference shares and warrants 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 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 1.8 million square metres of Grade "A" warehouses in Moscow, St Petersburg, Rostov-on-Don and Novosibirsk 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