Raven Property Group Limited Update to 2020 AGM (6757K)

TIDMRAV

RNS Number : 6757K

Raven Property Group Limited

06 January 2021

6 January 2021

Raven Property Group Limited ("Raven" or the "Company")

Update in relation 2020 Annual General Meeting ("AGM") voting outcome

At the Company's AGM held on 6 July 2020:

-- 73.6% of votes were cast in favour of Resolution 2 "to approve the Directors' Remuneration Report"; and

   --      77.6% of votes were cast in favour of Resolution 3 "to re-appoint Sir Richard Jewson." 

In the announcement released following the AGM the Board explained that, in line with accepted best practice, the Company had deferred the proposal of a new remuneration policy for the period 1 January 2021 to 31 December 2023 until the 2021 AGM. As it had with all previous significant remuneration matters, the Company is consulting with its major shareholders prior to presenting the proposed policy. This consultation is under way. Further the Company has progressed succession planning for the Board and on 21 October 2020 announced the appointment of Russell Field and Philip Swire as independent Non Executive Directors.

Enquiries

 
 Raven Property Group Limited               Tel: + 44 (0) 1481 712955 
  Anton Bilton 
  Glyn Hirsch 
 Novella Communications (public relations   Tel: [phone] 
  adviser) 
  Tim Robertson 
  Fergus Young 
 N+1 Singer (UK joint broker)               Tel: [phone] 
  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: [phone] 
  broker) 
  Yvette Labuschagne 
 Renaissance Capital (Russian broker)       Tel: + 7 495 258 7770 
  David Pipia 
 Ravenscroft (TISE sponsor)                 Tel: + 44 (0) 1481 732746 
  Semelia Hamon 
 

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. 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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January 06, 2021 02:00 ET (07:00 GMT)