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17 Nov 2011 07:00
17 November 2011
RAVEN RUSSIA LIMITED (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 3 January 2012 in respect of the period from 30 September 2011 to (but excluding) 31 December 2011. The record date for the payment of the preference dividend for all Preference Shares is 25 November 2011 with an ex-dividend date of 23 November 2011.
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.
Following the amendments to the articles of incorporation of the Company (the "Articles") approved at the 2010 AGM pursuant to which the Company is now entitled to communicate with its members by publishing documents on a website (subject to and in accordance with the provisions of the Articles), the scrip dividend circular will no longer be posted to the holders of Preference Shares but will be available on the Investor section of the Company's website, www.ravenrussia.com. 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 1 December 2011. The last date for receipt of completed forms of election (in accordance with the terms thereof) will be 16 December 2011.
The Directors of the Company also confirm the 2012 preference dividend timetable as outlined below:
March 2012 | June 2012 | September 2012 | December 2012 | |
Announcement of dividend by | 16 February | 17 May | 16 August | 15 November |
XD Date | 22 February | 23 May | 22 August | 21 November |
Record date | 24 February | 25 May | 24 August | 23 November |
Posting of circular | 1 March | 31 May | 30 August | 29 November |
Final date for election | 16 March | 15 June | 14 September | 14 December |
Dividend payment date | 2 April | 2 July | 1 October | 2 January 2013 |
Enquiries
Raven Russia Limited Tel: + 44 (0) 1481 712955
Anton Bilton
Glyn Hirsch
Cardew Group Tel: + 44 (0) 207 930 0777
Tim Robertson
Alexandra Stoneham
Singer Capital Markets Limited Tel: +44 (0) 203 205 7500
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 and Warrants are listed on the Main Market of the London Stock Exchange with a market capitalisation of approximately £326 million. The company operates out of offices in Guernsey, Moscow and Cyprus and has to date completed a portfolio of circa 1 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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