Raven Russia Limited Directors' Dealing (7423I)

TIDMRUS

RNS Number : 7423I

Raven Russia Limited

01 September 2016

1 September 2016

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

Directors' Dealing

Pursuant to Disclosure Guidance and Transparency Rule 3.1.2-A, the following information falls to be disclosed:

On 30 August 2016, Stephen Coe, Non Executive Director of the Company, purchased 8,000 cumulative redeemable preference shares of 1p each in the capital of the Company ("Preference Shares") at a price of 137.75p per share. Following this transaction Stephen Coe and his immediate family have a beneficial interest in 62,040 Preference Shares being 0.0629% of the total Preference Shares in issue.

On 31 August 2016, Colin Smith, Chief Operating Officer of the Company, sold in total 43,000 cumulative convertible redeemable preference shares of no par value each in the capital of the Company ("Convertible Preference Shares") at a price of 107p per share to meet tax liabilities. 21,500 of these Convertible Preference Shares were sold by New Street Limited as trustee of the Lorier Discretionary Trust, a trust of which Colin Smith is a beneficiary. Following this transaction Colin Smith and his immediate family have a beneficial interest in 186,500 Convertible Preference Shares being 0.1716% of the total Convertible Preference Shares in issue.

The notifications below, made in accordance with the requirements of the EU Market Abuse Regulation, provide further detail.

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

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

 
 1    Details of the person discharging managerial 
       responsibilities / person closely associated 
---  -------------------------------------------------------------- 
 a)   Name                       Stephen Coe 
---  -------------------------  ----------------------------------- 
 2    Reason for the notification 
---  -------------------------------------------------------------- 
 a)   Position/status            Director/ PDMR 
---  -------------------------  ----------------------------------- 
 b)   Initial notification       Initial notification 
       /Amendment 
---  -------------------------  ----------------------------------- 
 3    Details of the issuer, emission allowance 
       market participant, auction platform, auctioneer 
       or auction monitor 
---  -------------------------------------------------------------- 
 a)   Name                       Raven Russia Limited 
---  -------------------------  ----------------------------------- 
 b)   LEI                        - 
---  -------------------------  ----------------------------------- 
 4    Details of the transaction(s): section to 
       be repeated for (i) each type of instrument; 
       (ii) each type of transaction; (iii) each 
       date; and (iv) each place where transactions 
       have been conducted 
---  -------------------------------------------------------------- 
 a)   Description of 
       the financial               Cumulative redeemable preference 
       instrument, type            shares of 1p each 
       of instrument 
                                   GG00B55K7B92 
       Identification 
       code 
---  -------------------------  ----------------------------------- 
 b)   Nature of the              Purchase 
       transaction 
---  -------------------------  ----------------------------------- 
 c)   Price(s) and volume(s)       Price(s)   Volume(s) 
                                   ---------  ---------- 
                                    137.75p    8,000 
                                   ---------  ---------- 
---  -------------------------  ----------------------------------- 
 d)   Aggregated information 
 
 
       - Aggregated volume         Not applicable 
 
 
       - Price 
---  -------------------------  ----------------------------------- 
 e)   Date of the transaction    30/08/2016 
---  -------------------------  ----------------------------------- 
 f)   Place of the transaction   Main Market 
---  -------------------------  ----------------------------------- 
 
 
 1    Details of the person discharging managerial 
       responsibilities / person closely associated 
---  --------------------------------------------------------------- 
 a)   Name                       Colin Smith 
---  -------------------------  ------------------------------------ 
 2    Reason for the notification 
---  --------------------------------------------------------------- 
 a)   Position/status            Director/ PDMR 
---  -------------------------  ------------------------------------ 
 b)   Initial notification       Initial notification 
       /Amendment 
---  -------------------------  ------------------------------------ 
 3    Details of the issuer, emission allowance 
       market participant, auction platform, auctioneer 
       or auction monitor 
---  --------------------------------------------------------------- 
 a)   Name                       Raven Russia Limited 
---  -------------------------  ------------------------------------ 
 b)   LEI                        - 
---  -------------------------  ------------------------------------ 
 4    Details of the transaction(s): section to 
       be repeated for (i) each type of instrument; 
       (ii) each type of transaction; (iii) each 
       date; and (iv) each place where transactions 
       have been conducted 
---  --------------------------------------------------------------- 
 a)   Description of 
       the financial               Cumulative convertible redeemable 
       instrument, type            preference shares of no par 
       of instrument               value each 
 
       Identification              GG00BYVFCC74 
       code 
---  -------------------------  ------------------------------------ 
 b)   Nature of the              Sale 
       transaction 
---  -------------------------  ------------------------------------ 
 c)   Price(s) and volume(s)       Price(s)   Volume(s) 
                                   ---------  ---------- 
                                    107p       21,500 
                                   ---------  ---------- 
---  -------------------------  ------------------------------------ 
 d)   Aggregated information 
 
 
       - Aggregated volume         Not applicable 
 
 
       - Price 
---  -------------------------  ------------------------------------ 
 e)   Date of the transaction    31/08/2016 
---  -------------------------  ------------------------------------ 
 f)   Place of the transaction   Off market 
---  -------------------------  ------------------------------------ 
 
 
 1    Details of the person discharging managerial 
       responsibilities / person closely associated 
---  --------------------------------------------------------------- 
 a)   Name                       New Street Trust Limited 
                                  as trustee of the Lorier 
                                  Discretionary Trust 
---  -------------------------  ------------------------------------ 
 2    Reason for the notification 
---  --------------------------------------------------------------- 
 a)   Position/status            PCA of Colin Smith, a PDMR 
---  -------------------------  ------------------------------------ 
 b)   Initial notification       Initial notification 
       /Amendment 
---  -------------------------  ------------------------------------ 
 3    Details of the issuer, emission allowance 
       market participant, auction platform, auctioneer 
       or auction monitor 
---  --------------------------------------------------------------- 
 a)   Name                       Raven Russia Limited 
---  -------------------------  ------------------------------------ 
 b)   LEI                        - 
---  -------------------------  ------------------------------------ 
 4    Details of the transaction(s): section to 
       be repeated for (i) each type of instrument; 
       (ii) each type of transaction; (iii) each 
       date; and (iv) each place where transactions 
       have been conducted 
---  --------------------------------------------------------------- 
 a)   Description of 
       the financial               Cumulative convertible redeemable 
       instrument, type            preference shares of no par 
       of instrument               value each 
 
       Identification              GG00BYVFCC74 
       code 

---  -------------------------  ------------------------------------ 
 b)   Nature of the              Sale 
       transaction 
---  -------------------------  ------------------------------------ 
 c)   Price(s) and volume(s)       Price(s)   Volume(s) 
                                   ---------  ---------- 
                                    107p       21,500 
                                   ---------  ---------- 
---  -------------------------  ------------------------------------ 
 d)   Aggregated information 
 
 
       - Aggregated volume         Not applicable 
 
 
       - Price 
---  -------------------------  ------------------------------------ 
 e)   Date of the transaction    31/08/2016 
---  -------------------------  ------------------------------------ 
 f)   Place of the transaction   Off market 
---  -------------------------  ------------------------------------ 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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September 01, 2016 11:00 ET (15:00 GMT)