Raven Property Group Limited Tender Offer price in Rand (1368A)
May 24 2019 - 5:15AM
UK Regulatory
TIDMRAV
RNS Number : 1368A
Raven Property Group Limited
24 May 2019
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
24 May 2019
Raven Property Group Limited
("Raven" or the "Company")
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 GBP1 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.
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
This information is provided by RNS, the news service of the
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Authority to act as a Primary Information Provider in the United
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of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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