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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 Convertible
Preference Shareholders and Preference Shareholders held earlier today, all resolutions were duly passed.
A summary of the votes lodged by proxy at the General Meeting is 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 articles of 397,104,511 99.65 1,408,402 0.35 23,112 398,512,913
incorporation be
amended by the
inclusion of a new
article numbered
8.1.9
2* That the articles of 454,056,427 98.98 4,676,011 1.02 35,112 458,732,438
incorporation be
amended by the
inclusion of a new
article numbered
2.6.11
3 That the Re- 625,818,499 95.95 26,427,513 4.05 17,872 652,246,012
designation of
Convertible
Preference Shares
into Ordinary
Shares and
Preference Shares
be approved.
*Special Resolution
The results set out above in relation to Resolution 2 and Resolution 3 take into account the fact that Preference
Shareholders and Convertible Preference Shareholders respectively were permitted to vote on those
resolutions. In the case of Resolution 2, each Preference Shareholder had one vote and in the case of
Resolution 3 each Convertible Preference Shareholder had one vote for each Ordinary Share it would have held
if all of the Convertible Preference Shares registered in its name had been converted into Ordinary Shares at
the applicable Conversion Rate on the business day immediately preceding the record date for the General
Meeting.
A summary of the votes lodged by proxy at the Convertible Preference Shareholder Meeting is 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 150,765,290 91.16 14,618,748 8.84 - 165,384,038
variation of rights
in connection with
the re-designation
of Convertible
Preference Shares
into Ordinary
Shares and
Preference Shares.
*Special Resolution
A summary of the votes lodged by proxy at the Preference Shareholder Meeting is 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 57,071,793 94.56 3,282,609 5.44 12,000 60,354,402
variation of rights
attaching to the
Preference Shares
arising out of the
proposed amendment
to the Articles by the
insertion of a new
article numbered
2.6.11
*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 6.00p.m. on 29 July 2020 was 489,746,016 Ordinary Shares. 81.37% of voting capital was
instructed.
4 Total number of Convertible Preference Shares in issue at 6.00p.m. on 29 July 2020 was 198,176,868 Convertible Preference Shares.
83.45% of voting capital was instructed.
5 Total number of Preference Shares in issue at 6.00p.m. on 29 July 2020 was 100,277,220 Preference Shares 60.19% of voting capital
was instructed.
Copies of the resolutions passed at today's General Meeting and Class Meetings will be available at the
National Storage Mechanism and are available for viewing online at:
https://data.fca.org.uk/#/nsm/nationalstoragemechanism
Defined terms used in this announcement shall have the same meaning as set out in the Circular to Ordinary
Shareholders dated 14 July 2020.
Expected Timetable and Security Information
Completion of the Re-designation 00.00 on 30 September 2020
Expected admission and commencement of dealings in each of the New 8.00 a.m. on 30 September
Ordinary Shares and the New Preference Shares on the London Stock 2020
Exchange’s Main Market(1)
CREST accounts credited with the New Ordinary Shares and New 30 September 2020
Preference Shares
Despatch of definitive share certificates in respect of the New Ordinary 14 October 2020
Shares and New Preference Shares
(1)
Dealings in New Ordinary Shares are expected to commence at 8.00am on 30 September on (i) The International Stock Exchange (ii)
the main board of the Johannesburg Stock Exchange; and (iii) on the Moscow Stock Exchange. Dealings in the New Preference Shares are
expected to commence on The International Stock Exchange at 8.00a.m.on 30 September 2020.
Update on purchase of ordinary shares, preference shares and convertible preference shares from
Invesco Asset Management Limited (“Invesco”)
As announced on 11 March 2020 the long stop date for each of the conditional purchase agreements is 31 July
2020. Given current issues related to Covid, the Company and Invesco are continuing discussions relating to
the potential acquisition of the Invesco shareholdings.
31 July 2020
JSE Sponsor: Rencap Securities (Pty) Limited
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 and UK Broker to the Re- Tel: +44 (0) 20 7496 3000
Designation)
Corporate Finance - James Maxwell / James Moat
Sales - Alan Geeves / James Waterlow
Numis Securities Limited (UK joint broker) Tel: + 44 (0) 207 260 1000
Alex Ham / Jamie Loughborough / Alasdair Abram
Nathan Brown / George Shiel
Renaissance Capital (South African broker) Tel: +27 (11) 750 1448
Yvette Labuschagne
Renaissance Capital (Russian broker) Tel: + 7 495 258 7770
David Pipia
Ravenscroft (TISE sponsor) Tel: + 44 (0) 1481 729100
Emma Ozanne
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: 31-07-2020 04:30:00
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