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23 Apr 2014 17:21
Raven Russia Limited ("Raven Russia" or the "Company")
Directors' Dealing
The Company announces today that the second tranche of contingent awards under the Combined Bonus and Long Term Incentive Scheme 2012 to 2014 ("the Scheme") have vested. The Company has notified the trustees of the Employee Benefit Trust (the "EBT") that operates the Scheme and has requested that they arrange for the transfers from shares held by the EBT and allocated to the Scheme, in accordance with the Scheme rules.
The Company was also notified today, 23 April 2014, that Colin Smith, Chief Operating Officer of the Company, sold 138,000 ordinary shares of 1p each in the capital of the Company ("Ordinary Shares") at a price of 65.914p per Ordinary Share, to meet tax liabilities that fall due as a result of the awards vesting.
Following these transactions, the Directors' interests in ordinary and preference shares are:
Director | Preference shares awarded | Interest in Preference shares | Percentage of issued Preference shares | Ordinary Shares awarded | Interest in Ordinary Shares | Percentage of issued Ordinary Shares |
Anton Bilton* | 0 | 8,939,725 | 9.1409% | 1,263,493 | 57,862,928 | 7.6794% |
Glyn Hirsch | 56,709 | 2,143,225 | 2.1915% | 1,150,075 | 8,355,383 | 1.1089% |
Mark Sinclair | 48,253 | 726,275 | 0.7426% | 978,550 | 3,313,926 | 0.4398% |
Colin Smith | 31,970 | 466,891 | 0.4774% | 668,626 | 1,015,989 | 0.1348% |
* The contingent award in respect of Anton Bilton was granted to a discretionary trust of which Anton Bilton is the principal beneficiary.
Enquiries
Raven Russia Limited Tel: + 44 (0) 1481 712955
Anton Bilton
Glyn Hirsch
Novella Communications Tel: +44 (0) 203 151 7008
Tim Robertson
Ben Heath
N+1 Singer Tel: +44 (0) 20 7496 3000
Corporate Finance- James Maxwell
Sales - Alan Geeves / James Waterlow
About Raven Russia
Raven Russia 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 with a market capitalisation of approximately £505 million. The Company operates out of offices in Guernsey, Moscow and Cyprus and has to date completed a portfolio of circa 1.4 million square metres of Grade "A" warehouses in Moscow, St Petersburg, Rostov-on-Don and Novosibirsk. For further information visit the Company's website: www.ravenrussia.com
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