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RAVEN PROPERTY GROUP LIMITED - Tender Offer price in Rand

Release Date: 24/05/2019 11:23
Code(s): RAV     PDF:  
 
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Tender Offer price in Rand

Raven Property Group Limited
Incorporated in Guernsey
Company number 43371
LSE share code: RAV; JSE share code: RAV
ISIN:GB00B0D5V538
(“Raven” or the “Company”)

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, INTO ANY
JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS
OF SUCH JURISDICTION

Tender Offer price in Rand for holders of Ordinary Shares on the Johannesburg Stock Exchange

On 29 April 2019 the Company announced details of the forthcoming tender offer for the proposed
purchase of 2 in every 51 Ordinary Shares of 1p each in the Company ("Ordinary Shares") at 45p per
share by way of a tender offer (the "Tender Offer").

The Company can confirm that the South African Rand exchange rate for the Tender Offer will be
ZAR18.30820 to £1 calculated at the close of business on Thursday 23 May 2019, resulting in an
equivalent Tender Offer price of 2 in every 51 Ordinary Share at ZAR8.23869 per Ordinary Share for all
shareholders on the South African share register.

The salient dates and other information in relation to the Tender Offer pertaining to shareholders of the
Company on the South African register as set out in the separate Letter to South African Shareholders
remain unchanged,


24 May 2019
JSE Sponsor: Rencap Securities (Pty) Limited

Enquiries

 Raven Property Group Limited                                            Tel: + 44 (0) 1481 712955
 Anton Bilton
 Glyn Hirsch

 Novella Communications                                                  Tel: +44 (0) 203 151 7008
 Tim Robertson
 Fergus Young

 N+1 Singer                                                              Tel: +44 (0) 20 7496 3000
 Corporate Finance - James Maxwell / James Moat
 Sales - Alan Geeves / James Waterlow

 Numis Securities Limited                                               Tel: + 44 (0) 207 260 1000
 Alex Ham / Jamie Loughborough / Alasdair Abram

 Renaissance Capital (South Africa)                                         Tel: +27 (11) 750 1448
 Yvette Labuschagne

 Renaissance Capital (Moscow)                                                Tel: + 7 495 258 7770
 David Pipia

 Ravenscroft                                                             Tel: + 44 (0) 1481 729100
 Jade Cook


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: 24/05/2019 11:23:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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