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6 Jan 2021 07:00
6 January 2021
Raven Property Group Limited ("Raven" or the "Company")
Update in relation 2020 Annual General Meeting ("AGM") voting outcome
At the Company's AGM held on 6 July 2020:
· 73.6% of votes were cast in favour of Resolution 2 "to approve the Directors' Remuneration Report"; and
· 77.6% of votes were cast in favour of Resolution 3 "to re-appoint Sir Richard Jewson."
In the announcement released following the AGM the Board explained that, in line with accepted best practice, the Company had deferred the proposal of a new remuneration policy for the period 1 January 2021 to 31 December 2023 until the 2021 AGM. As it had with all previous significant remuneration matters, the Company is consulting with its major shareholders prior to presenting the proposed policy. This consultation is under way. Further the Company has progressed succession planning for the Board and on 21 October 2020 announced the appointment of Russell Field and Philip Swire as independent Non Executive Directors.
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 / James Moat Sales - Alan Geeves / James Waterlow
| Tel: +44 (0) 20 7496 3000 |
Numis Securities Limited (UK joint broker) Alex Ham / Jamie Loughborough / Alasdair Abram Nathan Brown / George Shiel
| Tel: + 44 (0) 207 260 1000 |
Renaissance Capital (South African broker) Yvette Labuschagne
| Tel: +27 (11) 750 1448 |
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
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