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Transfers for 2019 and 2020 Annual Performance Incentive, transfer of shares into treasury, cancellation ordinary sh
RAVEN PROPERTY GROUP LIMITED
Incorporated in Guernsey
Company number 43371
LSE share code: RAV JSE share code: RAV
ISIN: GB00B0D5V538
("Raven" or the "Company")
TRANSFERS FOR THE 2019 AND 2020 ANNUAL PERFORMANCE INCENTIVE, TRANSFER OF SHARES INTO TREASURY (LR 12.6.4)
AND CANCELLATION OF ORDINARY SHARES
Pursuant to the Disclosure Guidance and Transparency Rule 3.1.2-A, the following information falls to be
disclosed:
The Company has settled the 2019 Annual Performance Incentive (“2019 API”) by transferring the following
ordinary shares of 1p each in the capital of the Company (“Ordinary Shares”) to certain directors as set out in
the table below. The Company was also notified by the trustees of the Raven Russia Employee Benefit Trust
No 2 (“the Trustees”), that they have transferred Cumulative Redeemable Preference Shares of 1p each in the
capital of the Company (“Preference Shares”) to certain directors of the Company in satisfaction of the 2020
Annual Performance Incentive (“2020 API”). Details of the 2019 API and 2020 API can be found in the
Company’s 2020 Annual Report.
Details of the transfers and the Directors’ interests in Ordinary Shares and Preference Shares are set out in the
table below:
Ordinary Total Percent of Preference Total Percentage
Shares nterest in Ordinary Shares interest in of
Ordinary Shares in Preference Preference
Shares issue Shares Shares in
issue
Anton Bilton(1,2) 2,558,664 6,757,842 1.17 0 11,162,188 5.16
Glyn Hirsch(1,2) 2,558,664 2,950,156 0.51 0 4,179,830 1.93
Mark Sinclair(1,2) 1,293,026 1,804,665 0.31 206,008 1,662,313 0.77
Colin Smith(1,2) 1,145,102 1,365,613 0.24 206,008 1,185,206 0.55
(1) includes Ordinary Shares and Preference Shares held by trusts where the individual or close family
members are beneficiaries
(2) does not include the interests of Ordinary and Preference shares held through Raven Holdings Limited
as set out in the Company’s announcement dated 11 May 2021 with RNS reference 2270Y and
repeated below
Each of the Executive Directors has an interest in Raven Holdings Limited as disclosed in the table below:
Interest in Raven Holdings Limited
Anton Bilton 34.30%
Glyn Hirsch 7.25%
Mark Sinclair 2.48%
Colin Smith 0.94%
Raven Holdings Limited holds 153,030,301 Ordinary Shares (26.42%) and 32,500,000 Preference Shares
(15.02%).
Pursuant to Listing Rule 12.6.4, Raven announces the Ordinary Shares used for the 2019 API awards settled
above were purchased from its wholly owned subsidiary, RPG Holdings Limited. The Company has at the
same time cancelled 2,212,974 Ordinary Shares which were held as treasury shares.
Date of transfer Number of Number of Transfer price Number of Total number of
Ordinary Shares Ordinary Shares Ordinary Shares Ordinary Shares
transferred into transferred out held in treasury in issue less the
treasury of treasury for following the total number of
settlement of transfer in and Ordinary Shares
2019 API settlement of held in treasury
2019 API and following the
cancellation transfers and
cancellation
24 May 2021 7,701,961 11,488,987 29.3p (being the - 579,290,442
closing price on
18.05.2021)
25 May 2021
Enquiries
Raven Property Group Limited Tel: + 44 (0) 1481 712955
Anton Bilton
Glyn Hirsch
Novella Communications (public relations Tel: +44 (0) 203 151 7008
adviser)
Tim Robertson
Fergus Young
N+1 Singer (UK joint broker) Tel: +44 (0) 20 7496 3000
Corporate Finance - James Maxwell / Alex Bond
Sales - Alan Geeves / James Waterlow
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 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. 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
The notifications below, made in accordance with the requirements of the EU Market Abuse Regulation,
provide further detail.
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Praxis Trustees Limited and Truchot Trustees Limited
2 Reason for the notification
a) Position/status PCA of Anton Bilton, a PDMR
b) Initial notification Initial notification
/Amendment
3 Details of the issuer, emission allowance market participant, auction platform,
auctioneer or auction monitor
a) Name Raven Property Group Limited
b) LEI 213800YJ5HI5CBXCYJ65
4 Details of the transaction(s): section to be repeated for (i) each type of instrument;
(ii) each type of transaction; (iii) each date; and (iv) each place where transactions
have been conducted
a) Description of the financial
instrument, type of instrument
Ordinary shares of 1p each
Identification code
GB00B0D5V538
b) Nature of the transaction Award of 2019 API
c) Price(s) and volume(s)
Price(s) Volume(s)
36 2,588,664
d) Aggregated information
- Aggregated volume Not applicable
- Price
e) Date of the transaction 24/05/2021
f) Place of the transaction Outside of trading venue
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Glyn Hirsch
2 Reason for the notification
a) Position/status Director/ PDMR
b) Initial notification Initial notification
/Amendment
3 Details of the issuer, emission allowance market participant, auction platform,
auctioneer or auction monitor
a) Name Raven Property Group Limited
b) LEI 213800YJ5HI5CBXCYJ65
4 Details of the transaction(s): section to be repeated for (i) each type of instrument;
(ii) each type of transaction; (iii) each date; and (iv) each place where transactions
have been conducted
a) Description of the financial
instrument, type of instrument
Ordinary shares of 1p each
Identification code
GB00B0D5V538
b) Nature of the transaction Award of 2019 API
c) Price(s) and volume(s)
Price(s) Volume(s)
36 2,588,664
d) Aggregated information
- Aggregated volume Not applicable
- Price
e) Date of the transaction 24/05/2021
f) Place of the transaction Outside of trading venue
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Mark Sinclair
2 Reason for the notification
a) Position/status Director/ PDMR
b) Initial notification Initial notification
/Amendment
3 Details of the issuer, emission allowance market participant, auction platform,
auctioneer or auction monitor
a) Name Raven Property Group Limited
b) LEI 213800YJ5HI5CBXCYJ65
4 Details of the transaction(s): section to be repeated for (i) each type of instrument;
(ii) each type of transaction; (iii) each date; and (iv) each place where transactions
have been conducted
a) Description of the financial
instrument, type of instrument
Ordinary shares of 1p each
Identification code
GB00B0D5V538
b) Nature of the transaction Award of 2019 API
c) Price(s) and volume(s)
Price(s) Volume(s)
36 1,293,026
d) Aggregated information
- Aggregated volume Not applicable
- Price
e) Date of the transaction 24/05/2021
f) Place of the transaction Outside of trading venue
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Colin Smith
2 Reason for the notification
a) Position/status Director/ PDMR
b) Initial notification Initial notification
/Amendment
3 Details of the issuer, emission allowance market participant, auction platform,
auctioneer or auction monitor
a) Name Raven Property Group Limited
b) LEI 213800YJ5HI5CBXCYJ65
4 Details of the transaction(s): section to be repeated for (i) each type of instrument;
(ii) each type of transaction; (iii) each date; and (iv) each place where transactions
have been conducted
a) Description of the financial
instrument, type of instrument
Ordinary shares of 1p each
Identification code
GB00B0D5V538
b) Nature of the transaction Award of 2019 API
c) Price(s) and volume(s)
Price(s) Volume(s)
36 1,145,102
d) Aggregated information
- Aggregated volume Not applicable
- Price
e) Date of the transaction 24/05/2021
f) Place of the transaction Outside of trading venue
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Colin Smith
2 Reason for the notification
a) Position/status Director/ PDMR
b) Initial notification Initial notification
/Amendment
3 Details of the issuer, emission allowance market participant, auction platform,
auctioneer or auction monitor
a) Name Raven Property Group Limited
b) LEI 213800YJ5HI5CBXCYJ65
4 Details of the transaction(s): section to be repeated for (i) each type of instrument;
(ii) each type of transaction; (iii) each date; and (iv) each place where transactions
have been conducted
a) Description of the financial
instrument, type of instrument
Cumulative Redeemable Preference Shares of 1p each
Identification code
GG00B55K7B92
b) Nature of the transaction Award of 2020 API
c) Price(s) and volume(s)
Price(s) Volume(s)
116.5 206,008
d) Aggregated information
- Aggregated volume Not applicable
- Price
e) Date of the transaction 24/05/2021
f) Place of the transaction Outside of trading venue
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Mark Sinclair
2 Reason for the notification
a) Position/status Director/ PDMR
b) Initial notification Initial notification
/Amendment
3 Details of the issuer, emission allowance market participant, auction platform,
auctioneer or auction monitor
a) Name Raven Property Group Limited
b) LEI 213800YJ5HI5CBXCYJ65
4 Details of the transaction(s): section to be repeated for (i) each type of instrument;
(ii) each type of transaction; (iii) each date; and (iv) each place where transactions
have been conducted
a) Description of the financial
instrument, type of instrument
Cumulative Redeemable Preference Shares of 1p each
Identification code
GG00B55K7B92
b) Nature of the transaction Award of 2020 API
c) Price(s) and volume(s)
Price(s) Volume(s)
116.5 206,008
d) Aggregated information
- Aggregated volume Not applicable
- Price
e) Date of the transaction 24/05/2021
f) Place of the transaction Outside of trading venue
Date: 25-05-2021 04:00:00
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