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13 Nov 2014 17:14
This announcement replaces announcement 9382W released at 09:13 today. The previous ex-dividend date of 19 November 2014 has been replaced with 20 November 2014 following the recent introduction of t+2 settlement.
All other details remain unchanged. The correction is included in the full text of the announcement below.
RAVEN RUSSIA LIMITED ("Raven Russia" or the "Company")
Preference Share Dividend
The Directors of the Company confirm that the quarterly payment of the preference dividend in respect of the Preference Shares will be made, in accordance with their terms, on 31 December 2014 in respect of the period from 30 September 2014 to (but excluding) 31 December 2014. The record date for the payment of the preference dividend for all Preference Shares is 21 November 2014 with an ex-dividend date of 20 November 2014.
The Preference Shares will be entitled to a gross dividend of 3 pence per Preference Share.
A scrip dividend alternative (to be settled in Preference Shares) will also be available for all preference shareholders in respect of the preference dividend.
The scrip dividend circular will be available on the Investor section of the Company's website (www.ravenrussia.com), and will also be available for viewing on the national storage mechanism (www.hemscott.com/nsm). Letters notifying the holders of Preference Shares of the presence of the scrip dividend circular on the Company's website and how to access it will be sent on or around 27 November 2014. The last date for receipt of completed forms of election (in accordance with the terms thereof) will be 12 December 2014.
The Directors of the Company also confirm the 2015 preference dividend timetable as outlined below:
March 2015 | June 2015 | September 2015 | December 2015 | |
Announcement of dividend by | 12 February | 14 May | 13 August | 12 November |
XD date | 19 February | 21 May | 20 August | 19 November |
Record date | 20 February | 22 May | 21 August | 20 November |
Posting of circular | 26 February | 29 May | 27 August | 26 November |
Final date for election | 13 March | 12 June | 11 September | 11 December |
Dividend payment date | 31 March | 30 June | 30 September | 31 December |
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
Barclays Bank Plc
Tom Boardman / Tom Macdonald Tel: +44 (0) 20 7623 2323
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 £440 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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