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2019 Annual Report and Notice of Annual General Meeting
Raven Property Group Limited
Incorporated in Guernsey
Company number 43371
LSE share code: RAV; JSE share code: RAV
ISIN:GB00B0D5V538
(“Raven” or the “Company”)
2019 Annual Report and Notice of Annual General Meeting
Raven announces that it will be posting to shareholders today, the 2019 Annual Report and a notice of
the Annual General Meeting (“AGM”) convened for 10.00 a.m. on Monday 6 July 2020.
COVID 19
The Board is constantly monitoring the evolving COVID 19 situation and takes its responsibility to
safeguard the health of its shareholders, stakeholders and employees very seriously. The Company
recognises that annual general meetings are an important part of shareholder engagement and those
shareholders or individuals appointed as proxies or corporate representatives have the right to attend and
engage with the Board. However, safety is of paramount importance for all individuals. The States of
Guernsey have introduced various measures in respect of travel and social distancing and on this basis,
the Board has concluded that shareholders should not attend the AGM in person this year and, instead,
should submit proxy votes. The AGM will be a closed meeting and the Board proposes that one director
and the company secretary who are also shareholders will attend the meeting in person to ensure there is
a quorum for the meeting.
If the relevant Public Health Directions are revised with effect before the AGM in a manner which, in the
view of the Board, permits shareholders to attend in person safely, the Company will make an
announcement by RIS if the Board decided to change the above arrangements.
Distributions
As explained in the Company’s 2019 result announcement, the Board intends to make a final distribution in
respect of the year ended 31 December 2019 of 2.25p per Ordinary Share. As previously announced, the
Company expects to implement such distribution by way of a tender offer buyback of Ordinary Shares.
However, the global trading environment has significantly changed over the past few months due to the
unprecedented challenges presented by COVID 19 and its long term impact on the market remains
unclear. In light of this, the timing and structure of any such distribution to holders of Ordinary Shares will
be determined by the Board at a later date when market volatility has calmed down. The Company would
hope to be in a position to update the market on this issue at the time it publishes its half year results in
August 2020.
Directors’ Remuneration
In respect of the 2019 Annual Performance Incentive due to the executive directors and senior management
of the Group, the 2019 Directors’ Remuneration Report and the 2019 financial statements reflect the
contractual position based on performance in 2019. The global trading environment has significantly
changed over the past few months due to the unprecedented challenges presented by COVID 19 and its
long term impact on the market remains unclear. In light of this, the executive Directors and senior
management have agreed to defer receipt of these awards until the impact of COVID 19 on the economic
environment has become clearer.
Copies of the circular and 2019 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 circular and 2019 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.
5 June 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 (UK joint broker) Tel: +44 (0) 20 7496 3000
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: 05-06-2020 08:00:00
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