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RAVEN PROPERTY GROUP LIMITED - Possible purchase by the Company of its own ordinary shares

Release Date: 02/12/2019 13:30
Code(s): RAV     PDF:  
Wrap Text
Possible purchase by the Company of its own ordinary shares

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

                  Possible purchase by the Company of its own ordinary shares

The Board of Raven announces that the Company has entered into discussions with an institutional
shareholder to buy back ordinary shares in the Company off market at a price of 36 pence per share in
cash, representing a discount of 46% to the Company’s 30 June 2019 net asset value per share of 67
pence.

Any such transaction to buy back shares is likely to be in excess of the Company’s existing 10% general
authority to buy back shares and will be conditional, inter alia, on ordinary shareholders, preference
shareholders and convertible preference shareholders passing the resolutions necessary to authorise the
transaction. The Company intends to hold any ordinary shares purchased in treasury.

A further announcement will be made as and when appropriate.

The information contained within this announcement relating to the purchase by Company of its own
shares is considered by Raven Property Group Limited to constitute inside information as stipulated
under the Market Abuse Regulation (EU) No.596/2014. 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.

2 December 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
 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: 02-12-2019 01:30:00
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