Raven Property Group Limited Update to 2020 AGM (6757K)
06 January 2021 - 6:00PM
UK Regulatory
TIDMRAV
RNS Number : 6757K
Raven Property Group Limited
06 January 2021
6 January 2021
Raven Property Group Limited ("Raven" or the "Company")
Update in relation 2020 Annual General Meeting ("AGM") voting
outcome
At the Company's AGM held on 6 July 2020:
-- 73.6% of votes were cast in favour of Resolution 2 "to
approve the Directors' Remuneration Report"; and
-- 77.6% of votes were cast in favour of Resolution 3 "to re-appoint Sir Richard Jewson."
In the announcement released following the AGM the Board
explained that, in line with accepted best practice, the Company
had deferred the proposal of a new remuneration policy for the
period 1 January 2021 to 31 December 2023 until the 2021 AGM. As it
had with all previous significant remuneration matters, the Company
is consulting with its major shareholders prior to presenting the
proposed policy. This consultation is under way. Further the
Company has progressed succession planning for the Board and on 21
October 2020 announced the appointment of Russell Field and Philip
Swire as independent Non Executive Directors.
Enquiries
Raven Property Group Limited Tel: + 44 (0) 1481 712955
Anton Bilton
Glyn Hirsch
Novella Communications (public relations Tel: +44 (0) 203 151 7008
adviser)
Tim Robertson
Fergus Young
N+1 Singer (UK joint broker) Tel: +44 (0) 20 7496 3000
Corporate Finance - James Maxwell
/ James Moat
Sales - Alan Geeves / James Waterlow
Numis Securities Limited (UK joint Tel: + 44 (0) 207 260 1000
broker)
Alex Ham / Jamie Loughborough /
Alasdair Abram
Nathan Brown / George Shiel
Renaissance Capital (South African Tel: +27 (11) 750 1448
broker)
Yvette Labuschagne
Renaissance Capital (Russian broker) Tel: + 7 495 258 7770
David Pipia
Ravenscroft (TISE sponsor) Tel: + 44 (0) 1481 732746
Semelia Hamon
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. 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
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END
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