To view the PDF file, sign up for a MySharenet subscription.

RAVEN PROPERTY GROUP LIMITED - Exercise of put option

Release Date: 15/07/2022 16:05
Code(s): RAV     PDF:  
Wrap Text
Exercise of put option

RAVEN PROPERTY GROUP LIMITED
Incorporated in Guernsey
Company number 43371
LSE share code: RAV JSE share code: RAV
ISIN: GB00B0D5V538
("Raven" or the "Company")


EXERCISE OF PUT OPTION


Shareholders are referred to the SENS announcement of 17 March 2022, wherein the board of Raven (the
"Board") announced that it had entered into an arrangement to allow it to divest itself of its Russian business
to Prestino Investments Ltd, a Cypriot company, to be owned and controlled by Raven's Russian management
team, led by Igor Bogorodov (the "Transaction"), together with the Board's intention to cancel the listings of
the Company’s shares, which cancellation was approved by Raven shareholders at the general meeting of the
Company held on 26 May 2022. The listing of Raven’s shares on the London Stock Exchange, The
International Stock Exchange and the Moscow Stock Exchange was subsequently cancelled with effect from
28 June 2022.

The Board can now announce the Transaction was completed yesterday and consequently the Company has
now disposed of its property portfolio.

15 July 2022

Enquiries

 Raven Property Group Limited                           Tel: + 44 (0) 1481 712955
 Anton Bilton
 Glyn Hirsch

 Java Capital (South African Sponsor)                   Tel: +27 (11) 722 3050
 Jean Tyndale-Biscoe / Andrew Brooking

Date: 15-07-2022 04:05:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.