Raven Russia Limited Result of General Meeting and Tender Offer (6119M)

TIDMRUS

RNS Number : 6119M

Raven Russia Limited

14 October 2016

Raven Russia Limited ("Raven Russia" or the "Company")

Result of General Meeting and Tender Offer

Raven Russia announces that, at the General Meeting of the Company held at 12:00 noon today, the special resolution put to ordinary shareholders was duly passed.

Defined terms used in this announcement shall have the same meaning as set out in the Tender Offer circular to shareholders dated 12 September 2016.

A summary of the votes lodged by proxy is as follows:

 
   For (see note 1)      Against (see note 1)    Number of votes withheld (see note 2)   Total Votes Cast 
---------------------  -----------------------  --------------------------------------  ----------------- 
 No. of votes   %       No. of votes      % 
-------------  ------  ----------------  -----  --------------------------------------  ----------------- 
 501,529,570    98.88   5,665,189         1.12   748,689                                 507,194,759 
-------------  ------  ----------------  -----  --------------------------------------  -----------------

Notes:

1. "Votes For" includes those giving the Chairman discretion and votes "For" and "Against" are expressed as a percentage of votes received.

2. A "Vote Withheld" is not a vote in law and is not counted in the calculation of the votes "For" and "Against" a resolution.

3. Total number of Ordinary Shares in issue at 12:00 noon on 12 October 2016 was 672,438,285 Ordinary Shares. 75.43% of voting capital was instructed.

Raven Russia can confirm that a total of 4,469,822 Ordinary Shares have been tendered in connection with the Tender Offer. Tenders for up to and including the Tender Offer Entitlement of 1 Ordinary Share for every 80 Ordinary Shares at 40 pence per shares will be met in full. The 4,469,822 Ordinary Shares purchased by the Company pursuant to the Tender Offer will be cancelled and this will result in a payment of approximately GBP1.79 million by the Company. Cheques will be dispatched for certificated Ordinary Shares and payment will be made through CREST for uncertificated Ordinary Shares pursuant to the Tender Offer by 25 October 2016.

A copy of the resolutions concerning special business and passed at today's General Meeting is available at the National Storage Mechanism and is available for viewing online at: http://www.hemscott.com/nsm.do.

Enquiries

Raven Russia Limited Tel: + 44 (0) 1481 712955

Anton Bilton

Glyn Hirsch

Novella Communications Tel: +44 (0) 203 151 7008

Tim Robertson

Toby Andrews

N+1 Singer Tel: +44 (0) 20 7496 3000

Corporate Finance - James Maxwell / Liz Yong

Sales - Alan Geeves / James Waterlow

Barclays Bank Plc Tel: +44 (0) 20 7623 2323

Tom Boardman / Tom Macdonald

Ravenscroft Tel: + 44 (0) 1481 729100

David McGall

About Raven Russia

Raven Russia was founded in 2005 to invest in class A warehouse complexes in Russia and lease to Russian and International tenants. Its Ordinary Shares, Preference Shares and Warrants are listed on the Main Market of the London Stock Exchange and admitted to the official list of the Channel Islands Securities Exchange Authority Limited ("CISEA"). Its Convertible Preference Shares are admitted to the CISEA Official List and trading on the SETSqx market of the London Stock Exchange. The Company operates out of offices in Guernsey, Moscow and Cyprus and has to date completed a portfolio of circa 1.5 million square metres of Grade "A" warehouses in Moscow, St Petersburg, Rostov-on-Don and Novosibirsk. For further information visit the Company's website: www.ravenrussia.com

This information is provided by RNS

The company news service from the London Stock Exchange

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