Raven Russia Limited Preference Share Dividend (7383O)

TIDMRUS

RNS Number : 7383O

Raven Russia Limited

10 November 2016

10 November 2016

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

Preference Share Dividend (RUSP)

The Directors of the Company confirm that the quarterly payment of the preference dividend in respect of the cumulative redeemable preference shares of 1p each with ticker RUSP (the "Preference Shares") will be made, in accordance with their terms, 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 preference dividend for the Preference Shares is 18 November 2016 with an ex-dividend date of 17 November 2016.

The Preference Shares will be entitled to a gross dividend of 3 pence per Preference Share.

A scrip dividend alternative (to be settled in Preference Shares) will also be available for all preference shareholders in respect of the preference dividend.

The scrip dividend circular will be available on the Investor section of the Company's website (www.ravenrussia.com), and will also be available for viewing on the national storage mechanism (www.hemscott.com/nsm). Letters notifying the holders of Preference Shares of the presence of the scrip dividend circular on the Company's website and how to access it will be sent on or around 24 November 2016. The last date for receipt of completed forms of election (in accordance with the terms thereof) will be 9 December 2016.

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

 
                 March 2017    June 2017   September     December 
                                            2017          2017 
--------------  ------------  ----------  ------------  ------------ 
 Announcement    9 February    11 May      10 August     9 November 
  of dividend 
  by 
--------------  ------------  ----------  ------------  ------------ 
 XD date         16 February   18 May      17 August     16 November 
--------------  ------------  ----------  ------------  ------------ 
 Record date     17 February   19 May      18 August     17 November 
--------------  ------------  ----------  ------------  ------------ 
 Posting         23 February   25 May      24 August     23 November 
  of circular 
--------------  ------------  ----------  ------------  ------------ 
 Final date      10 March      9 June      8 September   8 December 
  for election 
--------------  ------------  ----------  ------------  ------------ 
 Dividend        31 March      30 June     2 October     2 January 
  payment                                                 2018 
  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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November 10, 2016 02:01 ET (07:01 GMT)