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Raven Property Group Limited   -  RAV   

Issue of Preference Shares (RAVP)

Released 07:00 30-Dec-2019

RNS Number : 1816Y
Raven Property Group Limited
30 December 2019

30 December 2019



Raven Property Group Limited ("Raven" or the "Company")


Issue of preference shares (RAVP)


The Company announces that it has approved the issue and allotment of 149,963 new preference shares of 1 pence each in the Company with ticker RAVP (the "Preference Shares") following payment of the scrip preference share dividend. These new Preference Shares will rank pari passu with all existing Preference Shares. Application has been made to the Financial Conduct Authority, the London Stock Exchange and The International Stock Exchange Authority Limited (TISEA) for admission of new Preference Shares to the Official List of the UK Listing Authority, trading on the main market of the London Stock Exchange and admission to the official list of the TISEA. Dealing is expected to commence on 31 December 2019.


Following admission of the new Preference Shares, the total number of Preference Shares in issue is 100,125,086.






Raven Property Group Limited

Anton Bilton

Glyn Hirsch


Tel: + 44 (0) 1481 712955

Novella Communications (public relations adviser)

Tim Robertson

Fergus Young


Tel: +44 (0) 203 151 7008

N+1 Singer (UK joint broker)

Corporate Finance - James Maxwell / James Moat

Sales - Alan Geeves / James Waterlow


Tel: +44 (0) 20 7496 3000 

Numis Securities Limited (UK joint broker)

Alex Ham / Jamie Loughborough / Alasdair Abram


Tel: + 44 (0) 207 260 1000

Renaissance Capital (South African broker)

Yvette Labuschagne


Tel: +27 (11) 750 1448

Renaissance Capital (Russian broker)

David Pipia


Tel: + 7 495 258 7770

Ravenscroft (TISE sponsor)

Emma Ozanne


Tel: + 44 (0) 1481 729100


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:



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Issue of Preference Shares (RAVP) - RNS