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RAVEN PROPERTY GROUP LIMITED - Suspension of trading of ordinary shares and preference shares on the London Stock Exchange

Release Date: 17/03/2022 09:55
Code(s): RAV     PDF:  
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Suspension of trading of ordinary shares and preference shares on the London Stock Exchange

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


SUSPENSION OF TRADING OF ORDINARY SHARES AND PREFERENCE SHARES ON THE
LONDON STOCK EXCHANGE


As announced on 2 March 2022, current sanctions and counter sanctions are severely limiting the Company’s
ability to access funds from its Russian subsidiaries and exchange controls are limiting the ability to convert
roubles into alternative currencies, even at the current punitive exchange rates.

In a short timeframe of just two weeks, the impact of the actions of Russia on Ukraine has completely
compromised the Company’s business model and its ability to assess its current financial position and ability
to inform the market accordingly. The recent performance of its listed securities confirms the market’s view.
Given that sanctions have only just been introduced and that they are expected to be in place for the
foreseeable future, their impact on the Company’s market and financial position is unquantifiable at this time.
Therefore any estimate of the net asset value of the Company today or certainty of its future income profile is
not possible in the current circumstances.

Consequently, the Company has requested from the FCA a suspension of listing of its ordinary shares and
preference shares and a suspension to trading on the London Stock Exchange of the same shares. The
suspension will take effect from 7.30 a.m. this morning in accordance with LR 5.3.

Similar suspensions will apply to the Company’s listings on TISE, JSE and MOEX.

A further announcement will be made in due course.

THE INFORMATION CONTAINED WITHIN THIS ANNOUNCEMENT IS CONSIDERED BY RAVEN
PROPERTY GROUP LIMITED TO CONSTITUTE INSIDE INFORMATION PURSUANT TO ARTICLE 7
OF EU REGULATION NO. 596/2014 AS IT FORMS PART OF DOMESTIC LAW BY VIRTUE OF THE
EUROPEAN UNION (WITHDRAWAL) ACT 2018. UPON THE PUBLICATION OF THIS
ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE, THIS INSIDE INFORMATION
WILL BE CONSIDERED TO BE IN THE PUBLIC DOMAIN.

THE PERSON RESPONSIBLE FOR ARRANGING FOR THE RELEASE OF THIS ANNOUNCEMENT
ON BEHALF OF THE COMPANY IS BENN GARNHAM, COMPANY SECRETARY.

17 March 2022

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
 Singer Capital Markets (UK broker)                                           Tel: +44 (0) 207 496 3000
 Investment Banking - James Maxwell / Alex Bond
 Markets - Alan Geeves / James Waterlow

 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 Consultancy & Listing Services Limited (TISE                     Tel: + 44 (0) 1481 732746
 sponsor)
 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

Date: 17-03-2022 09:55:00
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