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2018 Annual Report, Notice of Annual General Meeting
Raven Property Group Limited
Incorporated in Guernsey
Company number 43371
LSE share code: RAV; JSE share code: RAV
ISIN:GB00B0D5V538
(“Raven” or the “Company”)
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
2018 Annual Report, Notice of Annual General Meeting
Proposed purchase of 2 in every 51 ordinary shares of 1p each in the Company ("Ordinary
Shares") at 45p per share by way of a tender offer ("the Tender Offer")
On 18 March 2019, the Board of Raven announced in its results for the year ended 31 December 2018,
that the Company intended to offer to purchase 2 in every 51 Ordinary Shares by way of a tender offer at
a price of 45p 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 30 May 2019, who may participate by tendering all or a proportion of
their pro rata entitlement of Ordinary Shares at 2 for 51 at 45p per share. The Tender Offer will also
present tendering shareholders with an opportunity to sell more than their pro rata entitlement (up to their
entire holding of Ordinary Shares) to the extent that other shareholders tender less than their pro rata
entitlement. In such case, surplus tenders will be accepted in proportion to the number of additional
Ordinary Shares tendered so that the total number of Ordinary Shares purchased does not exceed
24,509,961 (assuming no conversion of the Company’s cumulative convertible redeemable preference
shares of no par value ("Convertible Preference Shares") in the period).
If the maximum number of 24,509,961 Ordinary Shares is acquired (assuming no conversion of the
Company’s Convertible Preference Shares in the period), this will result in an amount of £11 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 will be posting to shareholders today a circular containing full details of the
Tender Offer, the 2018 Annual Report and a notice of the Annual General Meeting convened for 10.00
a.m. BST on Friday 31 May 2019.
Copies of the circulars, the tender offer forms, the 2018 Annual Report and the forms of proxy will be
submitted to the National Storage Mechanism and will shortly be available for inspection at
http://www.morningstar.co.uk/uk/nsm. In addition, the circular and 2018 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.
29 April 2019
JSE Sponsor: Rencap Securities (Pty) Limited
Enquiries
Raven Property Group Limited Tel: + 44 (0) 1481 712955
Anton Bilton
Glyn Hirsch
Novella Communications Tel: +44 (0) 203 151 7008
Tim Robertson
Toby Andrews
N+1 Singer Tel: +44 (0) 20 7496 3000
Corporate Finance - James Maxwell / James Moat
Sales - Alan Geeves / James Waterlow
Numis Securities Limited Tel: + 44 (0) 207 260 1000
Alex Ham / Jamie Loughborough / Alasdair Abram
Renaissance Capital (South Africa) Tel: +27 (11) 750 1448
Yvette Labuschagne
Renaissance Capital (Moscow) Tel: + 7 495 258 7770
David Pipia
Ravenscroft Tel: + 44 (0) 1481 729100
Jade Cook
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. Its convertible preference shares are admitted to the Official List of TISE and to 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 1.9 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
Date: 29/04/2019 05:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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