Raven Property Group Limited Transaction in Own Shares (9321D)
July 01 2019 - 3:00AM
UK Regulatory
TIDMRAV
RNS Number : 9321D
Raven Property Group Limited
01 July 2019
1 July 2019
Raven Property Group Limited ("Raven" or the "Company")
Proposed purchase by the Company of its own ordinary shares
The Board of Raven announces that the Company has entered into
discussions with certain institutional shareholders to buy back
ordinary shares in the Company from these shareholders off market
at a price of 36 pence per share in cash.
Any transaction or transactions to buy back shares is likely to
be in excess of the Company's existing 10% general authority to buy
back shares and will therefore be conditional, inter alia, on
ordinary shareholders, preference shareholders and convertible
preference shareholders passing the resolutions necessary to
authorise the transaction.
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.
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
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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