Raven Prop P Discussion Threads

[gfrae] 25/7/2024 16:12

dandigirl , Thanks, I am very pleased to hear that if Trump is elected the war may be over in 24 hours. I also note that even nutter Boris thinks Ukraine should negotiate.
I have already registered and seen the last trade but can not see any indication of a buy price or sell price.

[dandigirl] 25/7/2024 14:44

gfrae; suggest you take a look at the company's website where you will find...

"Raven Property Group has implemented a matched bargain facility to assist shareholders wishing to trade in the Company’s ordinary shares and preference shares".

You will need to register if you haven't already done so.

Last transaction.

31/05/2024 - Preference - 12,678 - 12p

Interesting. Maybe prices will increase with the possibility of a Trump presidency and the war over in 24 hours.

[gfrae] 25/7/2024 11:55

Russian bank rate likely to increase tomorrow from the current 16%.
Does anyone know if there is a bid or offer for the Prefs or Ords ?

[zangdook] 08/7/2024 21:37

Issuing a certificate. That was the term they used...

[ravenrussia] 08/7/2024 21:28

Rematerialising ?

[zangdook] 08/7/2024 13:37

IG are rematerialising my prefs and charging me £100 for the privilege, no alternative offered.

[ravenrussia] 08/7/2024 12:08

Again an immediate response

I asked about a potential tender offer for our shares and /or how long for a listed exchange

Reassuring that CEO open to dialogue

Reply from Benn


The general meeting took place and all resolutions were duly passed. We are working on the migration to the ADGM currently. The circular set out reasons why this may take some time.

 

Regarding your other queries, please can you provide your contact number, our CEO is more than happy to discuss such matters directly with shareholders.

 

[rahosi] 11/6/2024 07:43

Updated Settled trades:

Date of transaction Type of Share Volume Price (GBp)
28/06/2023 Ordinary.. 00,200,023 05.1
31/10/2023 Ordinary.. 00,300,000 01.1
21/12/2023 Ordinary.. 10,561,294 00.2525
21/12/2023 Preference 00,013,059 11.45p
28/03/2024 Preference 00,030,766 11.25p
31/05/2024 Preference 00,012,678 12.00p

[ravenrussia] 10/6/2024 21:12

What the relevance to RAV ?

[ravenrussia] 31/5/2024 09:38

Yes
He's the company Sec and always replies within 12-24hrs

[redhorse2020] 29/5/2024 18:28

Pretty sure he is too. Maybe he's multitasking these days :)

[tunley] 29/5/2024 18:23

I am fairly certain Ben Garmman is the company secretary?

[redhorse2020] 29/5/2024 15:34

Thanks Rahosi - good to see such high levels of shareholder participation in the voting.

[rahosi] 28/5/2024 12:10

22May, re 21May
Preference Shareholder Meeting Poll Results
Resolution
For (see note 1)..Against (see note 1)...Number of votes withheld (see note 2)...
Number of votes...Number of votes
%.................%
1* That, in accordance with article 2.6.8.2(b) and article 15.1 of the Articles, this meeting of the holders of Preference Shares hereby irrevocably consents to and approves the Migration, and that the directors of the Company be and are hereby authorised to cause such Migration to be effected and to do or procure to be done all such acts or things as they may consider necessary or desirable in connection therewith
83,609,297........5,839,009..............59,910
93.47%............6.53%

2* That, with effect from the date of adoption of the New Articles, in accordance with article 15.1 of the Articles, this meeting of the holders of Preference Shares hereby irrevocably consents to and approves the Preference Share Rights Variation, and that the directors of the Company be and are hereby authorised to cause such Preference Share Rights Variation to be effected and to do or procure to be done all such acts or things as they may consider necessary or desirable in connection therewith
83,607,668........5,838,694..............61,854
93.47%............6.53%

* denotes a special resolution

General Meeting Poll Results
Resolution
For (see note 1)..Against (see note 1)...Number of votes withheld (see note 2)...
Number of votes...Number of votes
%.................%

1 That, subject to and conditional on the passing of Resolutions 2 and 3 and the Preference Shareholder Resolutions, and with effect from the Migration Effective Date, the issued share capital of the
Company shall remain as set out in the Notice of General Meeting
354,166,875.......20,610,608.............1,326,883
94.50%............5.50%

2* That, subject to and conditional on the passing of Resolutions 1 and 3 and the Preference Shareholder Resolutions, and conditional upon and with effect from the Migration Effective Date, the Company adopt the New Articles for the purpose of continuance of the Company within the ADGM
354,127,907.......20,649,576.............1,326,883
94.49%............5.51%

3* That, subject to and conditional on the passing of Resolutions 1 and 2 and the Preference Shareholder Resolutions, in accordance with section 88 of the Guernsey Law, the Company shall be removed from the Register of Companies in Guernsey for the purposes of becoming registered as a company under the law of the ADGM, under the name “Raven Property Group Limited”
354,965,289.......19,869,144.............1,269,933
94.70.............5.30%

* denotes a special resolution
Notes:

[redhorse2020] 27/5/2024 20:36

Not holding out too much hope for my ordinary shares sadly as I guess they would still need to clear the significant arrears on the preference shares first regardless of the move so I think any returns look a fair way off, which is probably why you're struggling to find any takers.Perhaps there could be a glimmer of light at the end of the tunnel for preference share holders though - I'm sure the Directors aren't just moving to Dubai for the weather ?

[ravenrussia] 27/5/2024 13:37

Thanks all
I have found Benn Garnan chairman veru helpful with any query and always replies within 24hrs

What do we think the next step is for the ordinaries..my matched bargain has remained unsold for 3mths now and rolled over each month

[stemis] 20/5/2024 12:37

Bit harsh on AJ Bell, who I've always found very helpful from customer service point of view. Anyway, here's their clarification on the matter

"Yes, we can confirm your understanding is correct and you will be able to continue to hold these shares in the SIPP even once they are certificated and no longer in CREST. "

I think that puts it unambiguously to bed...

[zangdook] 20/5/2024 06:39

I'm not with AJB, but they sound a lot like Hargreaves Lansdown - you get an inadequate but basically competent message and when you ask for clarification you end up dealing with some intern who doesn't have a clue. With HL sometimes you have to threaten them with the ombudsman before they wheel out the back room staff who know what's going on.

Fortunately in this case my RAVP are in regular share-dealing accounts.

[wskill] 19/5/2024 20:54

Thanks for the full narrative SteMis happy holding as small percentage now of portfolio, still nothing from Barclays and they are usually on the ball.

[stemis] 19/5/2024 18:45

Perhaps it would have helped if I posted the message I sent them, to which they replied above

AJ Bell - "Due to the international sanctions on Russia and Russian counter-sanctions, the company has been in the process of restructuring its operations. The main issue it has is that counterparties, both here and in Russia, who are reluctant to be involved in any cross-border movement of funds out of Russia.

The Board has determined that re-domiciling the company to the Abu Dhabi Global Market (ADGM), to source a wider pool of counterparties willing to engage, will provide the best opportunity for the company to realise value from its assets.

Therefore, the company is proposing to re-domicile from Guernsey to the Abu Dhabi Global Market (ADGM), subject to approval at a General Meeting to be held on 21 May 2024.

The shares are currently held in the UK Settlement System, CREST. Once the company completes its migration to the ADGM, the shares will no longer be CREST eligible and as a result, share certificates will be issued in place of the electronic holdings.

We are currently investigating whether you will have the opportunity to withdraw share certificates to be held directly in your own name, should you wish to. "

Me - "I refer to the above corporate action and the message I received from you.

If the shares are removed from Crest and paper certificates are issued, would I still be able to hold them in my AJ Bell SIPP? "

AJ Bell - "Please be advised, I have now heard back from the relevant team who have informed me that there's no issues with the pension rules holding unlisted shares in the SIPP.

We wouldn't allow customers to purchase new investments in unlisted shares but if previously listed ones become unlisted, they can continue to hold them.

It could be difficult down the line to sell and/or transfer the assets but this will be up to you to consider if you wish to take that risk or sell it before it delists."

[zangdook] 17/5/2024 21:01

They seem a little confused about domicile and listing. The shares have been unlisted for nearly two years.

[wskill] 17/5/2024 18:02

Thanks SteMis will just hold on for a resolution of this conflict which will happen in the fullness of time I believe.