Sign In
8 Jun 2009 07:00
RAVEN RUSSIA LIMITED ("Raven Russia")
New Preference Shares and New Warrants - Listing and Dealings
Raven Russia announces today the admission of 491,274 New Preference Shares and of 491,274 New Warrants to trading on the AIM Market of London Stock Exchange ("AIM") and the commencement of unconditional dealings in those New Preference Shares and New Warrants. These New Preference Shares and New Warrants are issued in respect of the 935,821 valid acceptances of the Offer received from and including 26 May 2009 up to 1:00 pm on 5 June 2009.
The New Preference Shares admitted today will trade under the new ticker "RUP4" ("RUP4 Preference Shares"). The ISIN code for the RUP4 Preference Shares is GG00B4Z1Z008.
On 1 July 2009, all New Preference Shares in issue at that date will trade under the existing "RUSP" ticker and will have the same ISIN code as the existing Preference Shares (GG00BK55K7B92) as all Preference Shares will then be identical in all respects.
The New Warrants admitted to trading today will trade under the existing ticker "RUSW" and will have the same ISIN code as the existing Warrants (GG00B55K7758).
The current number of Preference Shares trading under the ticker "RUSP" is 76,155,000.
The current number of Preference Shares trading under the ticker "RUP2" is 64,437,795.
The number of New Preference Shares trading under the ticker "RUP3" is 44,526.
The number of New Preference Shares trading under the ticker "RUP4" will be 491,274.
The total number of Warrants in issue will be 141,128,595.
Settlement of consideration
Settlement of consideration due under the Offer will be despatched (or, in respect of Raven Mount Shares held in uncertificated form, credited through CREST) today in respect of Raven Mount Shares for which acceptances of the Offer, valid in all respects, were received from and including 26 May 2009 up to 1:00 pm on 5 June 2009 or, in respect of Raven Mount Shares held in uncertificated form, for which electronic acceptances were made from and including 26 May 2009 up to 1:00 pm on 5 June 2009.
Raven Mount Shares in uncertificated form (that is, in CREST)
Where an acceptance relates to Raven Mount Shares in uncertificated form the New Preference Shares and New Warrants to which the accepting Raven Mount Shareholder is entitled will be issued to the shareholder in uncertificated form. Raven Russia will procure that Euroclear is instructed to credit the appropriate stock account in CREST of the Raven Mount Shareholder concerned with the shareholder's entitlement to New Preference Shares and New Warrants. The stock account concerned will be an account under the same participant ID and member account ID as appeared on the TTE instruction concerned.
Raven Russia reserves the right to settle all or any part of the consideration in certificated form, for all or any accepting Raven Mount Shareholder(s), in the manner referred to in the paragraph below, if, for any reason, it wishes to do so.
Raven Mount Shares in certificated form
Where an acceptance relates to Raven Mount Shares in certificated form, the New Preference Shares and New Warrants to which the accepting Raven Mount Shareholder is entitled will be issued in certificated form. Definitive share certificates for the New Preference Shares and the New Warrants will be despatched by first class post.
General
Terms defined in the Offer Document have the same meaning as in this announcement.
The Offer Document can be found on Raven Russia's website: www.ravenrussia.com and Raven Mount's website: www.theravengroup.co.uk.
Enquiries
Raven Russia Limited
Anton Bilton / Glyn Hirsch Tel: +44 (0)1481 71 2955
Bell Pottinger Corporate & Financial Tel: +44 (0)20 7861 3232
Charles Cook / Andrew Benbow
Numis Securities Limited (NOMAD, Financial Tel: +44 (0)20 7260 1000
Adviser and Joint Broker to Raven Russia Limited)
Nick Westlake / Rupert Krefting
Raven Mount Group plc Tel: +44 (0)20 7235 0422
Bim Sandhu / Mark Kirkland
Oriel Securities Limited (Financial Adviser and Joint Tel: +44 (0)20 7710 7600
Broker to Raven Mount Group plc)
Simon Bragg / Michael Shaw / Neil Langford
Shore Capital and Corporate Limited (NOMAD and Tel: +44 (0)20 7408 4090
Joint Broker to Raven Mount Group plc)
Guy Peters / Pascal Keane
Follow the stocks
