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9 Sep 2011 16:33
9 September 2011
Raven Russia Limited ("Raven" or the "Company")
Voting Rights and Capital - Transparency Directive Disclosure
Pursuant to Disclosure and Transparency Rule 5.6.1.A -
The Company has been notified that Invesco Perpetual ("Invesco") intends to exercise their entire warrant holding of 55,452,704 warrants which represents 54.91% of the total warrants in issue.
The Company has today issued 46,370,108 ordinary shares for the exercise of warrants following receipt of formal notice of exercise from Bank of New York, acting as nominee for Invesco. The Company has also today issued a further 280 ordinary shares following exercise of warrants from other warrant holders.
Prior to receipt of this notice of exercise, Invesco held 21.7% of the ordinary share capital of the Company. Following this exercise, Invesco holds 28.03% and once exercised their remaining warrants (for which formal notice has not yet been received) they will hold 29.14% of the enlarged issued ordinary share capital of the Company.
A further notification of total voting rights will be made in respect of the remainder of warrants held by Invesco when they have been exercised.
The Company currently has three classes of securities, which are set out below, together with the number in issue and the number of voting rights in respect of each class:
Class | Ordinary shares of 1p each in the Capital of the Company ("Ordinary Shares") | Preference shares of 1p each in the Capital of the Company ("Preference Shares") | Warrants to subscribe for Ordinary Shares at an exercise price of 25p ("Warrants")
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Issued share capital | 577,304,970 | 144,715,947 | 54,619,304 |
Total voting rights in each class | 577,304,970 | 144,715,947 | 54,619,304 |
Description of voting rights | Full voting rights | Limited voting rights for ordinary business. A full description of voting rights can be obtained from the Company's website (www.ravenrussia.com) | |
This information may be used by shareholders for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, Raven under the FSA's Disclosure and Transparency Rules.
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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 £320 million, operates out of offices in Guernsey, Moscow and Cyprus.
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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