Source - RNS
RNS Number : 6119M
Raven Russia Limited
14 October 2016

14 October 2016


Raven Russia Limited ("Raven Russia" or the "Company")


Result of General Meeting and Tender Offer


Raven Russia announces that, at the General Meeting of the Company held at 12:00 noon today, the special resolution put to ordinary shareholders was duly passed.


Defined terms used in this announcement shall have the same meaning as set out in the Tender Offer circular to shareholders dated 12 September 2016.


A summary of the votes lodged by proxy is as follows:


For (see note 1)

Against (see note 1)

Number of votes withheld (see note 2)

Total Votes Cast

No. of votes


No. of votes











1. "Votes For" includes those giving the Chairman discretion and votes "For" and "Against" are expressed as a percentage of votes received.

2. A "Vote Withheld" is not a vote in law and is not counted in the calculation of the votes "For" and "Against" a resolution.

3. Total number of Ordinary Shares in issue at 12:00 noon on 12 October 2016 was 672,438,285 Ordinary Shares. 75.43% of voting capital was instructed.


Raven Russia can confirm that a total of 4,469,822 Ordinary Shares have been tendered in connection with the Tender Offer. Tenders for up to and including the Tender Offer Entitlement of 1 Ordinary Share for every 80 Ordinary Shares at 40 pence per shares will be met in full. The 4,469,822 Ordinary Shares purchased by the Company pursuant to the Tender Offer will be cancelled and this will result in a payment of approximately £1.79 million by the Company. Cheques will be dispatched for certificated Ordinary Shares and payment will be made through CREST for uncertificated Ordinary Shares pursuant to the Tender Offer by 25 October 2016.


A copy of the resolutions concerning special business and passed at today's General Meeting is available at the National Storage Mechanism and is available for viewing online at





Raven Russia Limited                                                                           Tel: + 44 (0) 1481 712955

Anton Bilton                                                                                       

Glyn Hirsch


Novella Communications                                                                      Tel: +44 (0) 203 151 7008

Tim Robertson

Toby Andrews


N+1 Singer                                                                                          Tel: +44 (0) 20 7496 3000  

Corporate Finance - James Maxwell / Liz Yong

Sales - Alan Geeves / James Waterlow


Barclays Bank Plc                                                                               Tel: +44 (0) 20 7623 2323

Tom Boardman / Tom Macdonald                                                         


Ravenscroft                                                                                         Tel: + 44 (0) 1481 729100         

David McGall


About Raven Russia


Raven Russia 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 Channel Islands Securities Exchange Authority Limited ("CISEA"). Its Convertible Preference Shares are admitted to the CISEA Official List and trading on the SETSqx market of the London Stock Exchange.  The Company operates out of offices in Guernsey, Moscow and Cyprus and has to date completed a portfolio of circa 1.5 million square metres of Grade "A" warehouses in Moscow, St Petersburg, Rostov-on-Don and Novosibirsk. For further information visit the Company's website:


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