TIDMRUS
RNS Number : 9738J
Raven Russia Limited
03 July 2017
3 July 2017
Raven Russia Limited ("Raven Russia" or the "Company")
Result of General Meeting and Class Meetings
Raven Russia is pleased to announce that at the General Meeting
of the Company and Class Meetings of Preference Shareholders and
Convertible Preference Shareholders held earlier today, all the
resolutions put to Ordinary Shareholders, Preference Shareholders
and Convertible Preference Shareholders were duly passed.
A summary of the votes lodged by proxy at the General Meeting is
set out below:
Resolution For (see note Against (see Number Total
1) note 1) of votes votes
withheld cast
(see
note
2)
----------------------- --------------------- -------------------- ---------- ------------
Number % Number %
of votes of votes
--- ------------------ ------------ ------- ----------- ------- ---------- ------------
That the
Invesco
Concert
Party Rule
9 Waiver
1 be approved 314,101,590 88.22% 41,960,447 11.78% 1,545 356,062,037
--- ------------------ ------------ ------- ----------- ------- ---------- ------------
That the
proposed
participation
by Invesco
Perpetual
High Income
Fund and
Invesco
Perpetual
Income Fund
in the Placing
2 be approved 332,088,763 93.46% 23,232,426 6.54% 742,393 335,321,189
--- ------------------ ------------ ------- ----------- ------- ---------- ------------
That the
Woodford
Rule 9 Waiver
3 be approved 438,481,995 91.27% 41,960,447 8.73% 1,545 480,442,442
--- ------------------ ------------ ------- ----------- ------- ---------- ------------
That the
proposed
participation
by Woodford
in the Placing
4 be approved 456,469,168 95.16% 23,232,426 4.84% 742,393 479,701,594
--- ------------------ ------------ ------- ----------- ------- ---------- ------------
To authorise
the Directors
to issue
New Convertible
Preference
Shares and
to issue
the requisite
number of
Ordinary
Shares upon
5 Conversion 547,030,540 95.91% 23,298,443 4.09% 746,331 570,328,983
--- ------------------ ------------ ------- ----------- ------- ---------- ------------
To authorise
the amendment
6* to the Articles 672,012,408 97.29% 18,714,381 2.71% 747,901 690,726,789
--- ------------------ ------------ ------- ----------- ------- ---------- ------------
To dis-apply
pre-emption
rights on
the issue
of Ordinary
Shares following
7* Conversion 547,091,571 95.80% 23,976,670 4.20% 7,053 571,068,241
--- ------------------ ------------ ------- ----------- ------- ---------- ------------
*Special Resolution
The Invesco Funds, who are interested in 215,011,712 Ordinary
Shares representing approximately 31.5 per cent. of the Ordinary
Share Capital, were not eligible to vote on Resolution 1 (the
Invesco Concert Party Waiver Resolution) or Resolution 2 (the
Invesco RPT Resolution) at the General Meeting.
Woodford, who are interested in 97,082,937 Ordinary Shares
representing approximately 14.2 per cent. of the Ordinary Share
Capital, were not eligible to vote on Resolution 3 (the Woodford
Waiver Resolution) or Resolution 4 (the Woodford RPT Resolution) at
the General Meeting.
The results set out above in relation to Resolution 6 take into
account the fact that Convertible Preference Shareholders were
permitted to vote on that resolution and that every such holder had
one vote for each Ordinary Share it would have held if all of the
Convertible Preference Shares registered in his name had been
converted into Ordinary Shares at the applicable Conversion Rate on
the business day immediately preceding the record date for the
General Meeting.
A summary of the votes lodged by proxy at the Preference Share
Class Meeting is set out below:
Resolution For (see note Against (see Number Total
1) note 1) of votes votes
withheld cast
(see note
2)
------------------------ -------------------- ------------------ ----------- -----------
Number % Number %
of votes of votes
--- ------------------- ----------- ------- ---------- ------ ----------- -----------
To approve
the variation
of rights
attaching
to the Preference
Shares arising
out of the
issue of the
new Convertible
Preference
1* Shares 62,697,938 99.73% 172,638 0.27% 0 62,870,576
--- ------------------- ----------- ------- ---------- ------ ----------- -----------
*Special Resolution
A summary of the votes lodged by proxy at the Convertible
Preference Share Class Meeting is set out below:
Resolution For (see note Against (see Number Total
1) note 1) of votes votes
withheld cast
(see note
2)
-------------------------- ------------------ --------------- ----------- -----------
Number % Number %
of votes of votes
--- --------------------- ----------- ----- ----------- ----------- -----------
To approve
the variation
of rights
attaching
to the Convertible
Preference
Shares arising
out of the
proposed amendments
1* to the Articles 98,768,251 100% 0 0 0 98,768,251
--- --------------------- ----------- ----- ----------- ----------- -----------
*Special Resolution
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 6.00p.m. on 30
June 2017 was 681,746,237 Ordinary Shares. 83.77% of voting capital
was instructed.
4 Total number of Preference Shares in issue at 6.00p.m. on 30
June 2017 was 98,898,589 Preference Shares. 63.57% of voting
capital was instructed.
5 Total number of convertible preference shares in issue at
6.00p.m. on 30 June 2017 was 108,689,501 Convertible Preference
Shares. 90.87% of voting capital was instructed.
Copies of the resolutions concerning special business and passed
at today's General Meeting and Class Meetings are available at the
National Storage Mechanism and are available for viewing online at:
www.morningstar.co.uk/uk/NSM.
Raven Russia also announces that it has published the listing
document in respect of the admission of a further 109,611,947
Convertible Preference Shares to the Official List of the TISE
("Listing Document"). Copies of the Listing Document are available
from the registered office of the Company at P.O. Box 522, Second
Floor, La Vieille Cour, La Plaiderie, St. Peter Port, Guernsey, GY1
6EH, Channel Islands.
Application has been made for the 89,766,361 Convertible
Preference Shares to be admitted to the TISE Official List and to
trading on the SETSqx platform of the London Stock Exchange
("Admission"). It is expected that Admission will become effective
and that dealings in the Convertible Preference Shares will
commence on 4 July 2017.
Defined terms used in this announcement shall have the same
meaning as set out in the Circular to Ordinary Shareholders dated
13 June 2017.
Expected Timetable and Selected Security Information
Admission and commencement 8.00 a.m. on 4
of dealings in Convertible July 2017
Preference Shares on TISEA
and SETSqx
------------------------------------ ---------------
CREST accounts expected to 4 July 2017
be credited with Convertible
Preference Shares
------------------------------------ ---------------
ISIN for Existing Convertible GG00BYVFCC74
Preference Shares
------------------------------------ ---------------
ISIN for New Convertible Preference GG00BYPB9J77
Shares*
------------------------------------ ---------------
TIDM for Existing Convertible RUSC
Preference Shares
------------------------------------ ---------------
TIDM for New Convertible Preference RUC2
Shares*
------------------------------------ ---------------
*The New Convertible Preference Shares will initially trade
under the ticker "RUC2" with ISIN GG00BYPB9J77 up to and including
29 September 2017 after which they will trade, together with the
Existing Convertible Preference Shares, under the ticker "RUSC"
with ISIN GG00BYVFCC74.
Enquiries
Raven Russia Limited Tel: + 44 (0) 1481 712955
Anton Bilton
Glyn Hirsch
Novella Communications Tel: +44 (0) 20 3151 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
Ravenscroft (TISE Sponsor) Tel: + 44 (0) 1481 729100
Semelia Hamon
This information is provided by RNS
The company news service from the London Stock Exchange
END
ROMUOVSRBNABRAR
(END) Dow Jones Newswires
July 03, 2017 11:00 ET (15:00 GMT)
Raven Property (LSE:RAV)
Historical Stock Chart
From Apr 2024 to May 2024
Raven Property (LSE:RAV)
Historical Stock Chart
From May 2023 to May 2024