Raven Property Group Limited Tender Offer price in Rand (1368A)

TIDMRAV

RNS Number : 1368A

Raven Property Group Limited

24 May 2019

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

24 May 2019

Raven Property Group Limited

("Raven" or the "Company")

Tender Offer price in Rand for holders of Ordinary Shares on the Johannesburg Stock Exchange

On 29 April 2019 the Company announced details of the forthcoming tender offer for the proposed purchase of 2 in every 51 Ordinary Shares of 1p each in the Company ("Ordinary Shares") at 45p 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 ZAR18.30820 to GBP1 calculated at the close of business on Thursday 23 May 2019, resulting in an equivalent Tender Offer price of 2 in every 51 Ordinary Share at ZAR8.23869 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                   Tel: [phone] 
  Tim Robertson 
  Fergus Young 
 N+1 Singer                               Tel: [phone] 
  Corporate Finance - James Maxwell 
  / James Moat 
  Sales - Alan Geeves / James Waterlow 
 Numis Securities Limited                Tel: + 44 (0) 207 260 1000 
  Alex Ham / Jamie Loughborough / 
  Alasdair Abram 
 Renaissance Capital (South Africa)          Tel: [phone] 
  Yvette Labuschagne 
 Renaissance Capital (Moscow)                 Tel: + 7 495 258 7770 
  David Pipia 
 Ravenscroft                              Tel: + 44 (0) 1481 729100 
  Jade Cook 
 

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

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [e-mail] or visit www.rns.com.

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May 24, 2019 05:15 ET (09:15 GMT)