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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Raven Russia | LSE:RUS | London | Ordinary Share | GB00B0D5V538 | ORD 1P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 45.50 | 45.60 | 46.80 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
From Apr 2019 to Apr 2024
TIDMRUS
RNS Number : 9738J
Raven Russia Limited
03 July 2017
3 July 2017
Raven Russia Limited ("Raven Russia" or the "Company")
Result of General Meeting and Class Meetings
Raven Russia is pleased to announce that at the General Meeting of the Company and Class Meetings of Preference Shareholders and Convertible Preference Shareholders held earlier today, all the resolutions put to Ordinary Shareholders, Preference Shareholders and Convertible Preference Shareholders were duly passed.
A summary of the votes lodged by proxy at the General Meeting is set out below:
Hot Features
Premium
Resolution For (see note Against (see Number Total
1) note 1) of votes votes
withheld cast
(see
note
2)
----------------------- --------------------- -------------------- ---------- ------------
Number % Number %
of votes of votes
--- ------------------ ------------ ------- ----------- ------- ---------- ------------
That the
Invesco
Concert
Party Rule
9 Waiver
1 be approved 314,101,590 88.22% 41,960,447 11.78% 1,545 356,062,037
--- ------------------ ------------ ------- ----------- ------- ---------- ------------
That the
proposed
participation
by Invesco
Perpetual
High Income
Fund and
Invesco
Perpetual
Income Fund
in the Placing
2 be approved 332,088,763 93.46% 23,232,426 6.54% 742,393 335,321,189
--- ------------------ ------------ ------- ----------- ------- ---------- ------------
That the
Woodford
Rule 9 Waiver
3 be approved 438,481,995 91.27% 41,960,447 8.73% 1,545 480,442,442
--- ------------------ ------------ ------- ----------- ------- ---------- ------------
That the
proposed
participation
by Woodford
in the Placing
4 be approved 456,469,168 95.16% 23,232,426 4.84% 742,393 479,701,594
--- ------------------ ------------ ------- ----------- ------- ---------- ------------
To authorise
the Directors
to issue
New Convertible
Preference
Shares and
to issue
the requisite
number of
Ordinary
Shares upon
5 Conversion 547,030,540 95.91% 23,298,443 4.09% 746,331 570,328,983
--- ------------------ ------------ ------- ----------- ------- ---------- ------------
To authorise
the amendment
6* to the Articles 672,012,408 97.29% 18,714,381 2.71% 747,901 690,726,789
--- ------------------ ------------ ------- ----------- ------- ---------- ------------
To dis-apply
pre-emption
rights on
the issue
of Ordinary
Shares following
7* Conversion 547,091,571 95.80% 23,976,670 4.20% 7,053 571,068,241
--- ------------------ ------------ ------- ----------- ------- ---------- ------------
*Special Resolution
The Invesco Funds, who are interested in 215,011,712 Ordinary Shares representing approximately 31.5 per cent. of the Ordinary Share Capital, were not eligible to vote on Resolution 1 (the Invesco Concert Party Waiver Resolution) or Resolution 2 (the Invesco RPT Resolution) at the General Meeting.
Woodford, who are interested in 97,082,937 Ordinary Shares representing approximately 14.2 per cent. of the Ordinary Share Capital, were not eligible to vote on Resolution 3 (the Woodford Waiver Resolution) or Resolution 4 (the Woodford RPT Resolution) at the General Meeting.
The results set out above in relation to Resolution 6 take into account the fact that Convertible Preference Shareholders were permitted to vote on that resolution and that every such holder had one vote for each Ordinary Share it would have held if all of the Convertible Preference Shares registered in his name had been converted into Ordinary Shares at the applicable Conversion Rate on the business day immediately preceding the record date for the General Meeting.
A summary of the votes lodged by proxy at the Preference Share Class Meeting is set out below:
Resolution For (see note Against (see Number Total
1) note 1) of votes votes
withheld cast
(see note
2)
------------------------ -------------------- ------------------ ----------- -----------
Number % Number %
of votes of votes
--- ------------------- ----------- ------- ---------- ------ ----------- -----------
To approve
the variation
of rights
attaching
to the Preference
Shares arising
out of the
issue of the
new Convertible
Preference
1* Shares 62,697,938 99.73% 172,638 0.27% 0 62,870,576
--- ------------------- ----------- ------- ---------- ------ ----------- -----------
*Special Resolution
A summary of the votes lodged by proxy at the Convertible Preference Share Class Meeting is set out below:
Resolution For (see note Against (see Number Total
1) note 1) of votes votes
withheld cast
(see note
2)
-------------------------- ------------------ --------------- ----------- -----------
Number % Number %
of votes of votes
--- --------------------- ----------- ----- ----------- ----------- -----------
To approve
the variation
of rights
attaching
to the Convertible
Preference
Shares arising
out of the
proposed amendments
1* to the Articles 98,768,251 100% 0 0 0 98,768,251
--- --------------------- ----------- ----- ----------- ----------- -----------
*Special Resolution
Notes:
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 6.00p.m. on 30 June 2017 was 681,746,237 Ordinary Shares. 83.77% of voting capital was instructed.
4 Total number of Preference Shares in issue at 6.00p.m. on 30 June 2017 was 98,898,589 Preference Shares. 63.57% of voting capital was instructed.
5 Total number of convertible preference shares in issue at 6.00p.m. on 30 June 2017 was 108,689,501 Convertible Preference Shares. 90.87% of voting capital was instructed.
Copies of the resolutions concerning special business and passed at today's General Meeting and Class Meetings are available at the National Storage Mechanism and are available for viewing online at: www.morningstar.co.uk/uk/NSM.
Raven Russia also announces that it has published the listing document in respect of the admission of a further 109,611,947 Convertible Preference Shares to the Official List of the TISE ("Listing Document"). Copies of the Listing Document are available from the registered office of the Company at P.O. Box 522, Second Floor, La Vieille Cour, La Plaiderie, St. Peter Port, Guernsey, GY1 6EH, Channel Islands.
Application has been made for the 89,766,361 Convertible Preference Shares to be admitted to the TISE Official List and to trading on the SETSqx platform of the London Stock Exchange ("Admission"). It is expected that Admission will become effective and that dealings in the Convertible Preference Shares will commence on 4 July 2017.
Defined terms used in this announcement shall have the same meaning as set out in the Circular to Ordinary Shareholders dated 13 June 2017.
Expected Timetable and Selected Security Information
Admission and commencement 8.00 a.m. on 4 of dealings in Convertible July 2017 Preference Shares on TISEA and SETSqx ------------------------------------ --------------- CREST accounts expected to 4 July 2017 be credited with Convertible Preference Shares ------------------------------------ --------------- ISIN for Existing Convertible GG00BYVFCC74 Preference Shares ------------------------------------ --------------- ISIN for New Convertible Preference GG00BYPB9J77 Shares* ------------------------------------ --------------- TIDM for Existing Convertible RUSC Preference Shares ------------------------------------ --------------- TIDM for New Convertible Preference RUC2 Shares* ------------------------------------ ---------------
*The New Convertible Preference Shares will initially trade under the ticker "RUC2" with ISIN GG00BYPB9J77 up to and including 29 September 2017 after which they will trade, together with the Existing Convertible Preference Shares, under the ticker "RUSC" with ISIN GG00BYVFCC74.
Enquiries
Raven Russia Limited Tel: + 44 (0) 1481 712955
Anton Bilton
Glyn Hirsch
Novella Communications Tel: +44 (0) 20 3151 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 (TISE Sponsor) Tel: + 44 (0) 1481 729100
Semelia Hamon
This information is provided by RNS
The company news service from the London Stock Exchange
END
ROMUOVSRBNABRAR
(END) Dow Jones Newswires
July 03, 2017 11:00 ET (15:00 GMT)
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