Raven Property Group Limited Director's Dealing (4570K)

TIDMRAV

RNS Number : 4570K

Raven Property Group Limited

14 December 2018

14 December 2018

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

Director's Dealing

Pursuant to Disclosure Guidance and Transparency Rule 3.1.2-A, the following information falls to be disclosed:

The Company was notified yesterday that on 12 December 2018, Colin Smith, Chief Operating Officer, and The Lorier Discretionary Trust, a trust of which Colin Smith is interested, sold 18,303 and 18,302 convertible preference shares of no par value in the capital of the Company ("Convertible Shares") respectively at a price of 115p to meet tax liabilities from the 2016 Retention Scheme.

Following these transactions, Colin Smith and his immediate family have a beneficial interest in 257,270 Convertible Shares being 0.1298% of the total Convertible Shares in issue.

The notifications below, made in accordance with the requirements of the EU Market Abuse Regulation, provide further detail.

Enquiries

Raven Property Group Limited Tel: + 44 (0) 1481 712955

Anton Bilton

Glyn Hirsch

Novella Communications (public relations adviser) Tel: [phone]

Tim Robertson

Toby Andrews

N+1 Singer (UK joint broker) Tel: [phone]

Corporate Finance - James Maxwell / James Moat

Sales - Alan Geeves / James Waterlow

Numis Securities Limited (UK joint broker) Tel: + 44 (0) 207 260 1000

Alex Ham / Jamie Loughborough / Alasdair Abram

Renaissance Capital (South African broker) Tel: [phone]

Yvette Labuschagne

Renaissance Capital (Russian broker) Tel: + 7 495 258 7770

David Pipia

Ravenscroft (TISE sponsor) 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, preference shares and warrants 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 1.8 million square metres of Grade "A" warehouses in Moscow, St Petersburg, Rostov-on-Don and Novosibirsk and 49,000 square metres of commercial office space in St Petersburg. For further information visit the Company's website: www.theravenpropertygroup.com

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

 
 1    Details of the person discharging managerial responsibilities 
       / person closely associated 
 a)   Name                         Colin Smith 
     ---------------------------  -------------------------------------- 
 2    Reason for the notification 
     ------------------------------------------------------------------- 
 a)   Position/status              Director/ PDMR 
     ---------------------------  -------------------------------------- 
 b)   Initial notification         Initial notification 
       /Amendment 
     ---------------------------  -------------------------------------- 
 3    Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     ------------------------------------------------------------------- 
 a)   Name                         Raven Property Group Limited 
     ---------------------------  -------------------------------------- 
 b)   LEI                          213800YJ5HI5CBXCYJ65 
     ---------------------------  -------------------------------------- 
 4    Details of the transaction(s): section to be repeated 
       for (i) each type of instrument; (ii) each type of transaction; 
       (iii) each date; and (iv) each place where transactions 
       have been conducted 
     ------------------------------------------------------------------- 
 a)   Description of the 
       financial instrument,         6.5% Convertible Preference shares 
       type of instrument            of no par value 
 
       Identification code           GG00BYVFCC74 
     ---------------------------  -------------------------------------- 
 b)   Nature of the transaction    Sale 
     ---------------------------  -------------------------------------- 
 c)   Price(s) and volume(s)         Price(s)   Volume(s) 
                                      115p       18,303 
                                                ---------- 
     ---------------------------  -------------------------------------- 
 d)   Aggregated information 
 
 
       - Aggregated volume           Not applicable - single transaction 
 
 
       - Price 
     ---------------------------  -------------------------------------- 
 e)   Date of the transaction      12/12/2018 
     ---------------------------  -------------------------------------- 
 f)   Place of the transaction      London Stock Exchange (XLON) 
     ---------------------------  -------------------------------------- 
 
 
 1    Details of the person discharging managerial responsibilities 
       / person closely associated 
 a)   Name                         New Street Trust Limited as trustees 
                                    of The Lorier Discretionary Trust 
     ---------------------------  -------------------------------------- 
 2    Reason for the notification 
     ------------------------------------------------------------------- 
 a)   Position/status              PCA of Colin Smith, a PDMR 
     ---------------------------  -------------------------------------- 
 b)   Initial notification         Initial notification 
       /Amendment 
     ---------------------------  -------------------------------------- 
 3    Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     ------------------------------------------------------------------- 
 a)   Name                         Raven Property Group Limited 
     ---------------------------  -------------------------------------- 
 b)   LEI                          213800YJ5HI5CBXCYJ65 
     ---------------------------  -------------------------------------- 
 4    Details of the transaction(s): section to be repeated 
       for (i) each type of instrument; (ii) each type of transaction; 
       (iii) each date; and (iv) each place where transactions 
       have been conducted 
     ------------------------------------------------------------------- 
 a)   Description of the 
       financial instrument,         6.5% Convertible Preference shares 
       type of instrument            of no par value 
 
       Identification code           GG00BYVFCC74 
     ---------------------------  -------------------------------------- 
 b)   Nature of the transaction    Sale 
     ---------------------------  -------------------------------------- 
 c)   Price(s) and volume(s)         Price(s)   Volume(s) 
                                      115p       18,302 
                                                ---------- 
     ---------------------------  -------------------------------------- 
 d)   Aggregated information 
 
 
       - Aggregated volume           Not applicable - single transaction 
 
 
       - Price 
     ---------------------------  -------------------------------------- 
 e)   Date of the transaction      12/12/2018 
     ---------------------------  -------------------------------------- 
 f)   Place of the transaction     London Stock Exchange (XLON) 
     ---------------------------  -------------------------------------- 
 

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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December 14, 2018 02:01 ET (07:01 GMT)