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Raven Property Grp (RAV)

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Thursday 13 September, 2018

Raven Property Grp

Acquisition

RNS Number : 7335A
Raven Property Group Limited
13 September 2018
 

13 September 2018

 

 

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

 

Completion of acquisition

 

On 13 August 2018, the Board announced that a subsidiary of the Company had entered into two conditional agreements ('the Agreements") for the acquisition of a logistics park in Moscow subject to the satisfaction of certain escrow arrangements. The Agreements provided for the subsidiary of the Company to acquire a completed warehouse complex from Industrialniy park "Sever" Limited Liability Company and "Astreya" Joint Stock Company for an initial cash consideration of RUR 2.45billion ($35.6million) with RUR 160.0 million ($2.3 million) deferred for between six to eight months following completion and payable on the fulfillment of the Sellers' obligations under the Agreements.

 

The Board is pleased to announce that completion of the acquisition took place yesterday, 12 September 2018.

 

 

 

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

 

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. 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 1.8 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.theravenpropertygroup.com

 


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