Raven Russia Limited Convertible Preference Share Dividend (5446Q)

TIDMRUS

RNS Number : 5446Q

Raven Russia Limited

01 December 2016

1 December 2016

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

Convertible Preference Share Dividend (RUSC)

The Directors of the Company confirm that the quarterly payment of the dividend in respect of the cumulative convertible redeemable preference shares of no par value (the "Convertible Preference Shares") with ticker RUSC, will be made on 3 January 2017 in respect of the period from 30 September 2016 to (but excluding) 31 December 2016.

The record date for the payment of the dividend for the Convertible Preference Shares is 9 December 2016 with an ex-dividend date of 8 December 2016. Holders of Convertible Preference Shares will be entitled to a gross dividend of 1.625p per Convertible Preference Share.

The Directors of the Company also confirm the 2017 preference dividend timetable as outlined below:

 
                March 2017   June 2017   September     December 2017 
                                          2017 
-------------  -----------  ----------  ------------  --------------- 
 Announcement   2 March      1 June      31 August     30 November 
  of dividend 
  by 
-------------  -----------  ----------  ------------  --------------- 
 XD date        9 March      8 June      7 September   7 December 
-------------  -----------  ----------  ------------  --------------- 
 Record date    10 March     9 June      8 September   8 December 
-------------  -----------  ----------  ------------  --------------- 
 Dividend       31 March     30 June     2 October     2 January 2018 
  payment 
  date 
-------------  -----------  ----------  ------------  --------------- 
 

Enquiries

Raven Russia Limited Tel: + 44 (0) 1481 712955

Anton Bilton

Glyn Hirsch

Novella Communications Tel: [phone]

Tim Robertson

Toby Andrews

N+1 Singer Tel: [phone]

Corporate Finance - James Maxwell / Liz Yong

Sales - Alan Geeves / James Waterlow

Barclays Bank Plc Tel: [phone]

Tom Boardman / Tom Macdonald

Ravenscroft Tel: + 44 (0) 1481 729100

David McGall

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 Channel Islands Securities Exchange Authority Limited ("CISEA"). Its Convertible Preference Shares are admitted to the CISEA Official List and trading on the SETSqx market of the London Stock Exchange. The Company operates out of offices in Guernsey, Moscow and Cyprus and has to date completed a portfolio of circa 1.5 million square metres of Grade "A" warehouses in Moscow, St Petersburg, Rostov-on-Don and Novosibirsk. For further information visit the Company's website: www.ravenrussia.com

This information is provided by RNS

The company news service from the London Stock Exchange

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December 01, 2016 02:01 ET (07:01 GMT)