Wrap Text
2020 Annual report and notice of 2021 AGM
RAVEN PROPERTY GROUP LIMITED
Incorporated in Guernsey
Company number 43371
LSE share code: RAV JSE share code: RAV
ISIN: GB00B0D5V538
LEI: 213800YJ5HI5CBXCYJ65
(“Raven” or the “Company”)
2020 ANNUAL REPORT, NOTICE OF 2021 ANNUAL GENERAL MEETING AND PROPOSED
PURCHASE OF 1 IN EVERY 32 ORDINARY SHARES OF 1p EACH IN THE COMPANY (“ORDINARY
SHARES”) AT 40p PER SHARE BY WAY OF A TENDER OFFER (“THE TENDER OFFER”)
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
On 15 March 2021, the Board of Raven announced in its results for the year ended 31 December 2020, that the
Company intended to offer to purchase 1 in every 32 Ordinary Shares by way of a tender offer at a price of 40p
per share. The Tender Offer is open to all holders of Ordinary Shares on the Company's register at 7.00 p.m. on
Thursday 17 June 2021, who may participate by tendering all or a proportion of their pro rata entitlement of
Ordinary Shares at 1 for 32 at 40p per share.
If the maximum number of 18,171,981 Ordinary Shares is acquired this will result in an amount of £7.3 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 has published today a circular containing full details of the Tender Offer, a separate circular
containing the notice of Annual General Meeting convened for 11.30 a.m. on Friday 18 June 2021 and its 2020
Annual Report.
Expected timetable of events for SA Shareholders
2021
Record date to receive the Notice of Annual General Meeting Friday, 7 May
Announcement on SENS of the posting of the Circular incorporating a Notice of Wednesday, 19 May
Annual General Meeting and the Tender Forms to shareholders on or about
Tender Offer open Wednesday, 19 May
Last day to trade in order to be eligible to vote at the Annual General Meeting Tuesday, 8 June
Announcement of the Rand equivalent Tender Price on SENS Thursday, 10 June
Last day to trade on the JSE in order to participate in the Tender Offer Friday, 11 June
Shares trade “ex” the Tender Offer Monday, 14 June
No removal requests permitted between the UK Register and the SA Branch Tuesday, 8 June –
Register (both dates inclusive) Tuesday, 15 June
Record Date in order to be eligible to vote at the Annual General Meeting Friday 11 June
Latest time and date for receipt of forms of proxy for the Annual General Meeting 11.30 a.m. on
Tuesday, 15 June
Latest time and date for receipt of Tender Forms and instructions from 12:00 noon on
dematerialised SA Shareholders Thursday, 17 June
Record Date and closing the Tender Offer 7:00 p.m. on
Thursday, 17 June
Annual General Meeting 11.30 a.m. on Friday,
18 June
Results of Annual General Meeting and outcome of Tender Offer announced By 9:00 a.m. on
Monday, 21 June
Accounts credited for Ordinary Shares purchased pursuant to Tender Offer by Monday, 28 June
Accounts of dematerialised SA Shareholders credited for revised holdings of Monday, 28 June
Ordinary Shares by
Despatched of balance share certificates for unsold Ordinary Shares by Monday, 28 June
Cancellation and termination of SA listing of Ordinary Shares repurchased in terms Monday, 28 June
of the Tender Offer expected on or about
If any of the above times and/or dates change, the revised times and/or dates will be notified to SA Shareholders
by an announcement via SENS. All references in this document to specific times are to SAST unless otherwise
stated.
Copies of the circulars and the 2020 Annual Report will be submitted to the National Storage Mechanism and will
shortly be available for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism. In addition, the
circulars and 2020 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.
19 May 2021
Contacts / Enquiries
Raven Property Group Limited Tel: + 44 (0) 1481 712955
Anton Bilton
Glyn Hirsch
Novella Communications (Public relations adviser) Tel: +44 (0) 203 151 7008
Tim Robertson
Fergus Young
N+1 Singer (Sponsor, joint financial adviser & UK Tel: +44 (0) 20 7496 3000
joint broker)
Corporate Finance - James Maxwell / Alex Bond
Sales - Alan Geeves / James Waterlow
VTB Capital plc (Joint financial adviser) Tel: +44 (0) 203 334 8000
Alexander Metherell
Numis Securities Limited (UK joint broker) Tel: + 44 (0) 207 260 1000
Alex Ham /Jamie Loughborough / Nathan Brown /
George Shiel
Java Capital (South African Sponsor) Tel: +27 (11) 722 3050
Jean Tyndale-Biscoe / Andrew Brooking
Renaissance Capital (Russian broker) Tel: + 7 495 258 7770
David Pipia
Ravenscroft (TISE sponsor) Tel: + 44 (0) 1481 732746
Semelia Hamon
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 Financial Conduct 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
Date: 19-05-2021 04:34:00
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