Raven Russia Limited Tender Offer (5962J)
13 September 2016 - 1:00AM
UK Regulatory
TIDMRUS
RNS Number : 5962J
Raven Russia Limited
12 September 2016
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
12 September 2016
Raven Russia Limited ("Raven Russia" or the "Company")
Proposed Purchase of 1 in every 80 Ordinary Shares of 1p each in
the Company ("Ordinary Shares") at 40p per share by way of a tender
offer ("the Tender Offer")
Interim Results for the six months ended 30 June 2016
Notice of General Meeting
Raven Russia is today posting a circular to its shareholders
containing full details of the Tender Offer and a notice of General
Meeting convened for 12.00 noon on Friday 14 October 2016 together
with the Interim Results for the six months ended 30 June 2016.
On 30 August 2016, the Board of Raven Russia announced in its
Interim Results for the six months ended 30 June 2016, that the
Company intended to offer to purchase 1 in every 80 Ordinary Shares
by way of a tender offer at a price of 40p per share. If the
maximum number of 8,404,204 Ordinary Shares is acquired (assuming
no valid exercise or conversion of the Company's Warrants or
Convertible Preference Shares respectively in the period), this
will result in an amount of approximately GBP3.4 million being paid
by the Company to its shareholders. It is intended that the
Ordinary Shares purchased under the Tender Offer will be cancelled
and not available for re-issue.
The Tender Offer is open to all holders of Ordinary Shares on
the Company's register at 6pm on Thursday 13 October 2016, who may
participate by tendering all or a proportion of their holding of
Ordinary Shares at 40p per share. Warrantholders who wish to
participate in the Tender Offer will be required to exercise their
warrants by 1pm on Friday 30 September 2016 in accordance with the
terms of the Warrant Instrument. Holders of Convertible Preference
Shares who wish to participate in the Tender Offer will be required
to convert their shares by 1pm on Thursday 6 October 2016 in
accordance with the terms of the Company's Articles. No Ordinary
Shares will be purchased in relation to the Tender Offer unless the
relevant resolution to be proposed at the General Meeting is
passed.
Copies of the circular, tender offer forms, form of proxy and
Interim Results will be submitted to the National Storage Mechanism
and will shortly be available for inspection at
http://www.morningstar.co.uk/uk/NSM . In addition, the documents
will be available on the Raven Russia website (www.ravenrussia.com)
and may also be obtained from the Company Secretary.
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
END
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