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RAVEN PROPERTY GROUP LIMITED - Preference shares dividend

Release Date: 12/05/2022 16:21
Code(s): RAV     PDF:  
Wrap Text
Preference shares dividend

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


PREFERENCE SHARES DIVIDEND


Further to the Company's announcement on 30 March 2022, the economic uncertainty surrounding its business in Russia caused
by current sanctions and counter sanctions continues to severely limit the Company's ability to access funds from its Russian
subsidiaries and to convert roubles into alternative currencies. The Company confirmed that payment of the preference share
dividend for the period from 31 December 2021 up to, but excluding, 31 March 2022 ("March 2022 Preference Dividend") would
not be made and accumulate in accordance with the terms of the instrument. The record date for such dividend was 18 February
2022 and in the event the Company is in a position to pay the March 2022 Preference Dividend (and any interest accrued thereon
in accordance with the Company's articles of incorporation) it will be paid to the preference shareholders of the Company on the
register on such record date,

In respect of future quarterly instalments of the preference share dividend, in light of the continued uncertainty, the Company does
not currently anticipate paying any such future instalments of preference dividends. It will continue to monitor the situation and
should the position change it will notify preference shareholders and where it expects to pay such preference dividends it will set
out the record date for such dividend in any such notification. However, should the Company determine that it is in a position to
resume paying preference dividends it will first pay the preference dividends which have been outstanding the longest (including
any interest accrued thereon) starting with the March 2022 Preference Dividend.

12 May 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 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

Date: 12-05-2022 04:21:00
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