Raven Russia Limited Completion of Acquisition (7620X)
29 November 2017 - 2:15AM
UK Regulatory
TIDMRUS
RNS Number : 7620X
Raven Russia Limited
28 November 2017
28 November 2017
Raven Russia Limited ("Raven Russia" or the "Company")
Completion of acquisition
On 6 November 2017, the Board announced that a subsidiary of the
Company had entered into a conditional agreement ('the Agreement")
for the acquisition of a logistics park in Moscow subject to the
satisfaction of certain escrow arrangements. The Agreement provided
for the subsidiary of the Company to acquire a completed warehouse
complex from Industrialniy park "Sever" Limited Liability Company
for an initial cash consideration of RUR 5.119billion
($87.85million) with a further deferred element of consideration
payable within 18 months dependent on letting of vacant space.
The Board is pleased to announce that the escrow arrangements
have now been satisfied and formal completion of the acquisition
took place today, 28 November 2017.
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
Numis Securities Limited Tel: + 44 (0) 207 260 1000
Alex Ham / Jamie Loughborough / Alasdair Abram
Ravenscroft Tel: + 44 (0) 1481 729100
Jade Cook
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 International Stock Exchange ("TISE"). Its
Convertible Preference Shares are admitted to the Official List of
TISE and 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 1.8 million square metres
of Grade "A" warehouses in Moscow, St Petersburg, Rostov-on-Don and
Novosibirsk and 49,000 square metres of commercial office space in
St Petersburg. 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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