Wrap Text
Result of General Meeting and Class Meetings
Raven Property Group Limited
Incorporated in Guernsey
Company number 43371
LSE share code: RAV; JSE share code: RAV
ISIN:GB00B0D5V538
(“Raven” or the “Company”)
Result of General Meeting and Class Meetings
Raven is pleased to announce that at the General Meeting of the Company and Class Meetings of
Preference Shareholders and Convertible Preference Shareholders held earlier today, all the resolutions
put to Ordinary Shareholders, Preference Shareholders and Convertible Preference Shareholders were
duly passed.
Following the approvals at the General and Class Meetings described above, the conditions necessary
for each of the buybacks to complete have been satisfied and completion will occur on 21 August 2019.
All 89,144,978 Ordinary Shares purchased by the Company pursuant to the buybacks will be cancelled.
The General Meeting poll results are set out below:
Resolution For (see note 1) Against (see note 1) Number of Total votes
Number of % Number of % votes cast
votes votes withheld
(see note 2)
1* That the Woodford 514,287,122 97.94% 10,842,800 2.06% 3,252 525,129,922
buy back be
approved
2* That the Invesco 514,287,202 97.94% 10,842,720 2.06% 3,252 525,129,922
buy back be
approved
3 That the Woodford 442,142,144 97.61% 10,842,800 2.39% 3,252 452,984,944
related party
transaction be
approved
4 That the Invesco 328,052,709 96.80% 10,842,720 3.20% 3,252 338,895,429
related party
transaction be
approved
*Special Resolution
WIM and the Woodford Funds, who are interested in 72,144,978 Ordinary Shares representing
approximately 12 per cent. of the Ordinary Share Capital, were not eligible to vote on Resolution 3 (the
Woodford RPT Resolution) at the General Meeting.
IAM and the Invesco Funds, who are interested in 186,234,493 Ordinary Shares representing
approximately 31 per cent. of the Ordinary Share Capital, were not eligible to vote on Resolution 4 (the
Invesco RPT Resolution) at the General Meeting.
The Preference Share Class Meeting poll results are set out below:
Resolution For (see note 1) Against (see note 1) Number of Total votes
Number of % Number of % votes cast
votes votes withheld
(see note 2)
1* To approve the 62,656,992 91.70% 5,669,262 8.30% 28,301 68,326,254
distributions arising
as a result of the
Woodford Buyback
Agreement and the
Invesco Buyback
Agreement
*Special Resolution
The Convertible Preference Share Class Meeting poll results are set out below:
Resolution For (see note 1) Against (see note 1) Number of Total votes
Number of % Number of % votes cast
votes votes withheld
(see note 2)
1* To approve the 167,825,124 99.73% 450,000 0.27% 0 168,275,124
distributions arising
as a result of the
Woodford Buyback
Agreement and the
Invesco Buyback
Agreement
*Special Resolution
Notes:
1. "Votes For" includes those giving the Chairman discretion and votes "For" and "Against" are expressed as a percentage of votes
received.
2. A "Vote Withheld" is not a vote in law and is not counted in the calculation of the votes "For" and "Against" a resolution.
3. Total number of ordinary shares in issue at 10.00a.m. on 16 August 2019 was 600,494,050 Ordinary Shares. 87.45% of voting
capital was instructed.
4 Total number of Preference Shares in issue at 10.30a.m. on 16 August 2019 was 99,853,303 Preference Shares. 68.43% of
voting capital was instructed.
5 Total number of convertible preference shares in issue at 10.45a.m. on 16 August 2019 was 198,189,014 Convertible Preference
Shares. 84.91% of voting capital was instructed.
Copies of the resolutions concerning special business and passed at today's General Meeting and Class
Meetings are available at the National Storage Mechanism and are available for viewing online
at:www.morningstar.co.uk/uk/NSM.
Defined terms used in this announcement shall have the same meaning as set out in the Circular to
Ordinary Shareholders dated 31 July 2019.
20 August 2019
Enquiries
Raven Property Group Limited Tel: + 44 (0) 1481 712955
Anton Bilton
Glyn Hirsch
Novella Communications Tel: +44 (0) 203 151 7008
Tim Robertson
Fergus Young
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: 20/08/2019 04:00:00
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