19 May 2021 15:30
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO ANY JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL
19 May 2021
Raven Property Group Limited ("Raven" or "the Company")
2020 Annual Report, Notice of 2021 Annual General Meeting
Proposed purchase of 1 in every 32 ordinary shares of 1p each in the Company ("Ordinary Shares") at 40p per share by way of a tender offer ("the Tender Offer")
On 15 March 2021, the Board of Raven announced in its results for the year ended 31 December 2020, that the Company intended to offer to purchase 1 in every 32 Ordinary Shares by way of a tender offer at a price of 40p per share. The Tender Offer is open to all holders of Ordinary Shares on the Company's register at 6.00 p.m. on Thursday 17 June 2021, who may participate by tendering all or a proportion of their pro rata entitlement of Ordinary Shares at 1 for 32 at 40p per share.
If the maximum number of 18,171,981 Ordinary Shares is acquired this will result in an amount of £7.3 million being paid by the Company to its shareholders. It is intended that the Ordinary Shares purchased under the Tender Offer will be cancelled and not available for re-issue. No Ordinary Shares will be purchased in relation to the Tender Offer unless the relevant resolution to be proposed at the Annual General Meeting is passed.
Raven announces that it has published today a circular containing full details of the Tender Offer, a separate circular containing the notice of Annual General Meeting convened for 10.30 a.m. on Friday 18 June 2021 and its 2020 Annual Report.
Copies of the circulars and the 2020 Annual Report will be submitted to the National Storage Mechanism and will shortly be available for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism. In addition, the circulars and 2020 Annual Report will be available on the Company's website (www.theravenpropertygroup.com) and each of the documents may also be obtained from the Company Secretary.
Enquiries
Raven Property Group Limited Anton Bilton Glyn Hirsch
| Tel: + 44 (0) 1481 712955 |
Novella Communications (public relations adviser) Tim Robertson Fergus Young
| Tel: +44 (0) 203 151 7008 |
N+1 Singer (UK joint broker) Corporate Finance - James Maxwell / Alex Bond Sales - Alan Geeves / James Waterlow
| Tel: +44 (0) 20 7496 3000 |
Numis Securities Limited (UK joint broker) Alex Ham / Jamie Loughborough / Nathan Brown / George Shiel
| Tel: + 44 (0) 207 260 1000 |
Java Capital (South African Sponsor) Jean Tyndale-Biscoe / Andrew Brooking
| Tel: +27 (11) 722 3050 |
Renaissance Capital (Russian broker) David Pipia
| Tel: + 7 495 258 7770 |
Ravenscroft (TISE sponsor) Semelia Hamon
| Tel: + 44 (0) 1481 732746 |
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 and Preference Shares 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 Ordinary Shares also have a secondary listing on the main board of the Johannesburg Stock Exchange and the Moscow Stock Exchange. The Group operates out of offices in Guernsey, Moscow and Cyprus and has an investment portfolio of circa 1.9 million square metres of Grade "A" warehouses in Moscow, St Petersburg, Rostov-on-Don, Novosibirsk and Nizhny Novgorod and 49,000 square metres of commercial office space in St Petersburg. For further information visit the Company's website: www.theravenpropertygroup.com