|Following the results of the Tender Offer announced on 7 November 2018 and in accordance with the Articles the conversion factor of the convertible preference shares of no par value in the capital of the Company (ISIN: GG00BYVFCC74) has been adjusted to 1.617.|
|The Directors of the Company confirm that the quarterly payment of the preference dividend in respect of the preference shares of 1p each with ticker RAVP (the "Preference Shares") will be made, in accordance with their terms, on 31 December 2018 in respect of the period from 30 September 2018 to (but excluding) 31 December 2018. The record date for the payment of the preference dividend for the Preference Shares is 16 November 2018 with an ex-dividend date of 15 November 2018.|
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.theravenpropertygroup.com), and will also be available for viewing on the national storage mechanism (www.morningstar.co.uk/uk/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 22 November 2018. The last date for receipt of completed forms of election (in accordance with the terms thereof) will be 7 December 2018.
|Raven announces that, at the General Meeting of the Company held at 10:30 a.m. today, the special resolution put to ordinary shareholders was duly passed. Defined terms used in this announcement shall have the same meaning as set out in the Tender Offer circular to shareholders dated 16 October 2018.|
Raven can confirm that a total of 362,574,312 Ordinary Shares have been tendered in connection with the Tender Offer. Tenders for up to and including the Tender Offer Entitlement of 1 Ordinary Share for every 44 Ordinary Shares at 55 pence per share will be met in full. Tenders received for surplus Ordinary Shares will be met at the rate of 0.0043858377 Ordinary Shares for each surplus Ordinary Share tendered over and above the tender offer entitlement of 1 for 44, rounded down to the nearest whole Ordinary Share.
The 14,491,354 Ordinary Shares purchased by the Company pursuant to the Tender Offer will be cancelled and this will result in a payment of approximately ?8 million by the Company. Cheques will be dispatched for certificated Ordinary Shares and payment will be made through CREST for uncertificated Ordinary Shares by 16 November 2018. A copy of the resolution passed at today's General Meeting is available at the National Storage Mechanism and is available for viewing online at:/www.morningstar.co.uk/uk/NSM
|In compliance with Listing Rule 9.6.14, the Company announces that Mr Stephen Coe, an independent non-executive Director, has informed the Company that he was appointed as a non executive Director of Merian Chrysalis Investment Company Limited on 2 November 2018 which listed on the main market of the London Stock Exchange today, 6 November 2018.|
|Raven announces the appointment of Michael Hough as an independent Non-Executive Director with effect from today, 9 October 2018.|
|The Company announces that Mr Christopher Sherwell, an independent non-executive director, has informed the Company that he was appointed as the Chairman of Trian Investors 1 Ltd. on 24 August 2018 which was listed on the Specialist Fund Segment of the London Stock Exchange on 27 September 2018.|
|The company announced that it has now received formal approval from the Moscow Stock Exchange (?MOEX?) of the secondary listing of all of its issued ordinary shares of 1p each (?Ordinary Shares?) on MOEX in the third listing level.|
Copies of the MOEX listing documents are available at the company's website www.theravenpropertygroup.com/investors and at http://www.e-disclosure.ru/portal/company.aspx?id=37589
It is expected that the Ordinary Shares will be admitted to trading on MOEX on 3 October 2018.
|The Company announces that it has approved the issue and allotment of 134,696 new preference shares of 1 pence each in the Company with ticker RAVP (the ?Preference Shares?) following payment of the scrip preference share dividend. These new Preference Shares will rank pari passu with all existing Preference Shares. Application has been made to the Financial Conduct Authority, the London Stock Exchange and The International Stock Exchange Authority Limited (TISEA) for admission of new Preference Shares to the Official List of the UK Listing Authority, trading on the main market of the London Stock Exchange and admission to the official list of the TISEA. Dealing is expected to commence on 1 October 2018. Following admission of the new Preference Shares, the total number of Preference Shares in issue is 99 467 730.|
|On 13 August 2018, the Board announced that a subsidiary of the Company had entered into two conditional agreements ('the Agreements") for the acquisition of a logistics park in Moscow subject to the satisfaction of certain escrow arrangements. The Agreements provided for the subsidiary of the Company to acquire a completed warehouse complex from Industrialniy park ?Sever? Limited Liability Company and ?Astreya? Joint Stock Company for an initial cash consideration of RUR2.45billion (USD35.6million) with RUR160.0 million (USD2.3 million) deferred for between six to eight months following completion and payable on the fulfillment of the Sellers? obligations under the Agreements.|
The board announces that completion of the acquisition took place on Wednesday, 12 September 2018.
|Raven Property Group was founded in 2005 to build and acquire an investment portfolio of Class "A" warehouse complexes in Russia under the brand Raven Russia. Its ordinary shares, preference shares and warrants are listed on the Main Market of the London Stock Exchange and admitted to the Official List of The International Stock Exchange ("TISE"). Its convertible preference shares are admitted to the CISEA Official List and trading on the SETSqx market of the London Stock Exchange. The Group operates out of offices in Guernsey, Moscow and Cyprus and has an investment portfolio of circa 1.8 million square metres of Class "A" warehouses in Moscow, St Petersburg, Rostov-on-Don and Novosibirsk and 49 000 square metres of commercial office space in St Petersburg.|