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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Raven Property Group Limited | LSE:RAV | 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% | 3.82 | 3.95 | 4.01 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMRAV
RNS Number : 5020Z
Raven Property Group Limited
21 September 2020
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, INTO ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION
21 September 2020
Raven Property Group Limited
("Raven" or the "Company")
Tender Offer price in Rand for holders of Ordinary Shares on the Johannesburg Stock Exchange
On 9 September 2020 the Company announced details of the forthcoming tender offer for the proposed purchase of 1 in every 16 Ordinary Shares of 1p each in the Company ("Ordinary Shares") at 36p per share by way of a tender offer (the "Tender Offer").
The Company can confirm that the South African Rand exchange rate for the Tender Offer will be ZAR21.087578 to GBP1 calculated at the close of business on Friday 18 September 2020, resulting in an equivalent Tender Offer price of 1 in every 16 Ordinary Shares at ZAR7.5915 per Ordinary Share for all shareholders on the South African share register.
The salient dates and other information in relation to the Tender Offer pertaining to shareholders of the Company on the South African register as set out in the separate Letter to South African Shareholders remain unchanged.
Enquiries
Raven Property Group Limited Tel: + 44 (0) 1481 712955 Anton Bilton Glyn Hirsch Novella Communications (public relations Tel: +44 (0) 203 151 7008 adviser) Tim Robertson Fergus Young N+1 Singer (UK joint broker) Tel: +44 (0) 20 7496 3000 Corporate Finance - James Maxwell / James Moat Sales - Alan Geeves / James Waterlow Numis Securities Limited (UK joint Tel: + 44 (0) 207 260 1000 broker) Alex Ham / Jamie Loughborough / Alasdair Abram Nathan Brown / George Shiel Renaissance Capital (South African Tel: +27 (11) 750 1448 broker) Yvette Labuschagne Renaissance Capital (Russian broker) Tel: + 7 495 258 7770 David Pipia Ravenscroft (TISE sponsor) Tel: + 44 (0) 1481 729100 Emma Ozanne
About Raven Property Group
Raven Property Group Limited was founded in 2005 to invest in class A warehouse complexes in Russia and lease to Russian and International tenants. Its Ordinary Shares and Preference Shares are listed on the Main Market of the London Stock Exchange and admitted to the Official List of the UK Listing Authority and the Official List of The International Stock Exchange ("TISE"). Its Ordinary Shares also have a secondary listing on the main board of the Johannesburg Stock Exchange and the Moscow Stock Exchange. Its Convertible Preference shares are admitted to the Official List of TISE and to trading on the SETSqx market of the London Stock Exchange. The Group operates out of offices in Guernsey, Moscow and Cyprus and has an investment portfolio of circa 1.9 million square metres of Grade "A" warehouses in Moscow, St Petersburg, Rostov-on-Don, Novosibirsk and Nizhny Novgorod and 49,000 square metres of commercial office space in St Petersburg. For further information visit the Company's website: www.theravenpropertygroup.com
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September 21, 2020 02:00 ET (06:00 GMT)
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