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Raven Russia Ltd (RAV)

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Tuesday 10 October, 2017

Raven Russia Ltd

Result of General Meeting and Tender Offer

RNS Number : 2183T
Raven Russia Limited
10 October 2017

10 October 2017


Raven Russia Limited ("Raven Russia" or the "Company")


Result of General Meeting and Tender Offer


Raven Russia announces that, at the General Meeting of the Company held at 10:30 a.m. today, the special resolution put to ordinary shareholders was duly passed.


Defined terms used in this announcement shall have the same meaning as set out in the Tender Offer circular to shareholders dated 12 September 2017.


A summary of the votes lodged by proxy is as follows:


For (see note 1)

Against (see note 1)

Number of votes withheld (see note 2)

Total Votes Cast

No. of votes


No. of votes











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 Ordinary Shares in issue at 10:30 a.m. on 6 October 2017 was 668,005,346 Ordinary Shares. 53% of voting capital was instructed.


Raven Russia can confirm that a total of 7,502,931 Ordinary Shares have been tendered in connection with the Tender Offer. Tenders for up to and including the Tender Offer Entitlement of 1 Ordinary Share for every 52 Ordinary Shares at 52 pence per share will be met in full. The 7,502,931 Ordinary Shares purchased by the Company pursuant to the Tender Offer will be cancelled and this will result in a payment of approximately £3.9 million by the Company. Cheques will be dispatched for certificated Ordinary Shares and payment will be made through CREST for uncertificated Ordinary Shares pursuant to the Tender Offer by 20 October 2017.


A copy of the resolutions concerning special business and passed at today's General Meeting is available at the National Storage Mechanism and is available for viewing online at:







Raven Russia 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 / Liz Yong

Sales - Alan Geeves / James Waterlow


Ravenscroft                                                                                         Tel: + 44 (0) 1481 729100         

Brian O'Mahoney


About Raven Russia


Raven Russia 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 International Stock Exchange ("TISE"). Its Convertible Preference Shares are admitted to the Official List of TISE and trading on the SETSqx market of the London Stock Exchange.  The Company operates out of offices in Guernsey, Moscow and Cyprus and has an investment portfolio of circa 1.6 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:



This information is provided by RNS
The company news service from the London Stock Exchange

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