RNS Number : 5085P
Raven Property Group Limited
11 February 2019
 

11 February 2019

 

 

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

 

Expiry and Delisting of Warrants

 

 

The Company has today sent a letter to Warrantholders reminding them that each Warrant confers to the Warrantholder the right to subscribe for one Ordinary Share at a fixed price of 25p at any time up to (and including) 25 March 2019.

 

The letter is being sent to Warrantholders in accordance with the conditions of their issue and should not be construed as a recommendation to Warrantholders to exercise their Warrants.

 

Pursuant to Listing Rule 5.2.8, the Company announces that, following the expiry of the Warrants, it intends to cancel the listing of its Warrants on the standard listing segment of the Official List of the Financial Conduct Authority which will result in cancellation of trading on the London Stock Exchange (together "Cancellation"). The Warrants will also be delisted from the Official List of The International Stock Exchange. The delisting and Cancellation are expected to take effect at 8.00am on 26 March 2019.

 

The information contained in this announcement should be read in conjunction with the full text of the Warrant Instrument which can be found on the Company's website  https://www.theravenpropertygroup.com/media/1150/20100928_warrant_instrument_conformed_copy.pdf

 

Capitalised terms used in this announcement shall, unless the context otherwise requires, bear the meaning given to them in the Warrant Instrument.

 

 

Enquiries

 

 

Raven Property Group 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 / James Moat

Sales - Alan Geeves / James Waterlow

 

Numis Securities Limited                                                                       Tel: + 44 (0) 207 260 1000

Alex Ham / Jamie Loughborough / Alasdair Abram

 

Renaissance Capital (South Africa)                                                       Tel: +27 (11) 750 1448

Yvette Labuschagne

 

Renaissance Capital (Moscow)                                                             Tel: + 7 495 258 7770

David Pipia

 

 

Ravenscroft                                                                                           Tel: + 44 (0) 1481 729100

Jade Cook

 

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, preference shares and warrants 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: www.theravenpropertygroup.com

 


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