Raven Property Group Limited Result of General Meeting (9464M)
26 May 2022 - 9:00PM
UK Regulatory
TIDMRAV
RNS Number : 9464M
Raven Property Group Limited
26 May 2022
26 May 2022
Raven Property Group Limited ("Raven" or the "Company")
Results of General Meeting and Preference Shareholder Meeting in
connection with the Proposed De-Listing of Ordinary Shares and
Preference Shares
Raven is pleased to announce that at the General Meeting and
Preference Shareholder Meeting, each held earlier today, all
resolutions were duly passed.
The Company can now apply to cancel the admission of the
Company's Ordinary Shares and Preference Shares from listing on the
Financial Conduct Authority's Official List and from trading on the
London Stock Exchange's Main Market for listed securities. Such
cancellations are expected to take effect on 28 June 2022. The
secondary listings of the Ordinary Shares on MOEX and the main
board of the JSE and the listings of the Ordinary Shares and
Preference Shares on TISE will also be cancelled on or around this
date.
A summary of the votes lodged by proxy at the General Meeting is
set out below:
Resolution For (see note Against (see Number Total votes
1) note 1) of votes cast
withheld
(see note
2)
Number % Number %
of votes of votes
------------ ------ ----------- -----
THAT the proposed cancellation
of the ordinary shares
of GBP0.01 each in
the capital of the
Company from admission
to listing on the Premium
Segment of the Financial
Conduct Authority's
Official List and to
trading on the London
Stock Exchange's Main
Market for listed securities
1* be approved 348,192,800 95.43 16,688,291 4.57 58,642 364,881,091
------------------------------- ------------ ------ ----------- ----- ----------- ------------
THAT, subject to and
conditional on the
passing of Resolution
1 and with effect from
the time of the cancellation
of the Ordinary Shares
from admission to listing
on the Premium Segment
of the Financial Conduct
Authority's Official
List, the articles
of incorporation produced
2* to the meeting be adopted. 471,888,357 95.09 24,344,665 4.91 38,970 496,233,022
------------------------------- ------------ ------ ----------- ----- ----------- ------------
The results set out above in relation to Resolution 2 take into
account the fact that Preference Shareholders were permitted to
vote on the resolution. Each Preference Shareholder had one
vote.
A summary of the votes lodged by proxy at the Preference
Shareholder Meeting is set out below:
Resolution For (see note Against (see Number Total votes
1) note 1) of votes cast
withheld
(see note
2)
Number % Number %
of votes of votes
------------ ------ ---------- -----
THAT, in accordance
with article 15.1 of
the articles of incorporation
of the Company holders
of Preference Shares
hereby irrevocably
consent to and approve
the deemed variation
of the class rights
attaching to the Preference
Shares, in connection
with the cancellation
of the Preference Shares
from admission to listing
on the Standard Segment
of the Financial Conduct
Authority's Official
List and to trading
on the London Stock
Exchange's Main Market
1* for listed securities. 121,957,230 98.59 1,744,343 1.41 13,548 123,701,573
------------------------------- ------------ ------ ---------- ----- ----------- ------------
*Special Resolution
Notes:
1. "Votes For" includes those giving the Chairman discretion and
votes "For" and "Against" are expressed as a percentage of votes
received.
2. A "Vote Withheld" is not a vote in law and is not counted in
the calculation of the votes "For" and "Against" a resolution.
3. Total number of voting Ordinary Shares in issue at 6.00 p.m.
on 24 May 2022 was 566,493,370 Ordinary Shares. 64.41% of voting
capital was instructed.
4. Total number of Preference Shares in issue at 6.00 p.m. on 24
May 2022 was 216,634,485 Preference Shares. 60.63% of voting
capital was instructed.
Copies of the resolutions passed at the General Meeting and
Preference Shareholder Meeting will be available on the National
Storage Mechanism and are available for viewing online at:
https://data.fca.org.uk/#/nsm/nationalstoragemechanism
Defined terms used in this announcement shall have the same
meaning as set out in the Circular to Ordinary Shareholders dated 6
May 2022.
Enquiries
Raven Property Group Limited Tel: + 44 (0) 1481 712955
Anton Bilton
Glyn Hirsch
Novella Communications (public Tel: +44 (0) 203 151 7008
relations adviser)
Tim Robertson
Safia Colebrook
Singer Capital Markets (UK broker) Tel: +44 (0) 207 496 3000
Investment Banking - James Maxwell
/ Alex Bond
Markets - Alan Geeves / James Waterlow
Java Capital (South African Sponsor) Tel: +27 (11) 722 3050
Jean Tyndale-Biscoe / Andrew Brooking
Ravenscroft Consultancy & Listing Tel: + 44 (0) 1481 732746
Services Limited (TISE sponsor)
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. 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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