Source - RNS
RNS Number : 7373K
Raven Russia Limited
23 September 2016
 

23 September 2016

 

 

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

 

Directors' Dealings

 

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

The Company was notified yesterday that Mark Sinclair, Chief Financial Officer, transferred 50,000 cumulative convertible redeemable preference shares of no par value each in the capital of the Company ("Convertible Preference Shares") to two trusts in which his immediate family are beneficially interested.

 

These transactions have no effect on the beneficial interest of Mark Sinclair and his immediate family which remains at 258,375 Convertible Preference Shares, representing 0.2377% of the total Convertible Preference Shares in issue.

 

The Company was notified today that Mark Sinclair sold 60,000 ordinary shares of 1p each in the capital of the Company ("Ordinary Shares") at a price of 38.5p per share to partially cover tax liabilities on incentive schemes. Following this transaction the beneficial interest of Mark Sinclair and his immediate family in Ordinary Shares is 3,427,416 representing 0.5098% of the issued ordinary share capital of the Company.

 

The Company was also notified today that Glyn Hirsch, Chief Executive Officer, sold 300,000 Ordinary Shares at a price of 38.5p per share to partially cover tax liabilities on incentive schemes. Following this transaction the beneficial interest of Glyn Hirsch and his immediate family in Ordinary Shares is 7,412,181 representing 1.1025% of the issued ordinary share capital of the Company.

 

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

 

 

Enquiries

 

 

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: www.ravenrussia.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

 

 

Mark Sinclair

2

 

Reason for the notification

 

a)

 

Position/status

 

 

Director/ PDMR

b)

 

Initial notification /Amendment

 

 

Initial notification

3

 

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

 

a)

 

Name

 

 

Raven Russia Limited

b)

 

LEI

 

 

-

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, type of instrument

 

Identification code

 

 

 

Cumulative convertible redeemable preference shares of no par value each

 

GG00BYVFCC74

b)

 

Nature of the transaction

 

 

Transfer for nil consideration to two trusts in which the PDMR's immediate family are beneficially interested

 

c)

 

Price(s) and volume(s)

 

 

 

Price(s)

 

Volume(s)

0.00p

 

50,000

 

 

 

d)

 

Aggregated information

 

 

- Aggregated volume

 

 

- Price

 

 

 

 

 

Not applicable

 

 

 

e)

 

Date of the transaction

 

 

22/09/2016

f)

 

Place of the transaction

 

 

Off market

 

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

 

New Street Trust Limited as trustee of the Brooklands Trust

2

 

Reason for the notification

 

a)

 

Position/status

 

 

PCA of Mark Sinclair, a PDMR

b)

 

Initial notification /Amendment

 

 

Initial notification

3

 

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

 

a)

 

Name

 

 

Raven Russia Limited

b)

 

LEI

 

 

-

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, type of instrument

 

Identification code

 

 

 

Cumulative convertible redeemable preference shares of no par value each

 

GG00BYVFCC74

b)

 

Nature of the transaction

 

 

Transfer for nil consideration from the PDMR

 

c)

 

Price(s) and volume(s)

 

 

 

Price(s)

 

Volume(s)

0.00p

 

25,000

 

 

 

d)

 

Aggregated information

 

 

- Aggregated volume

 

 

- Price

 

 

 

 

 

Not applicable

 

 

 

e)

 

Date of the transaction

 

 

22/09/2016

f)

 

Place of the transaction

 

 

Off market

 

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

 

New Street Trust Limited as trustee of the Jemco Trust

2

 

Reason for the notification

 

a)

 

Position/status

 

 

PCA of Mark Sinclair, a PDMR

b)

 

Initial notification /Amendment

 

 

Initial notification

3

 

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

 

a)

 

Name

 

 

Raven Russia Limited

b)

 

LEI

 

 

-

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, type of instrument

 

Identification code

 

 

 

Cumulative convertible redeemable preference shares of no par value each

 

GG00BYVFCC74

b)

 

Nature of the transaction

 

 

Transfer for nil consideration from the PDMR

 

c)

 

Price(s) and volume(s)

 

 

 

Price(s)

 

Volume(s)

0.00p

 

25,000

 

 

 

d)

 

Aggregated information

 

 

- Aggregated volume

 

 

- Price

 

 

 

 

 

Not applicable

 

 

 

e)

 

Date of the transaction

 

 

22/09/2016

f)

 

Place of the transaction

 

 

Off market

 

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

 

Mark Sinclair

2

 

Reason for the notification

 

a)

 

Position/status

 

 

Director/ PDMR

b)

 

Initial notification /Amendment

 

 

Initial notification

3

 

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

 

a)

 

Name

 

 

Raven Russia Limited

b)

 

LEI

 

 

-

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, type of instrument

 

Identification code

 

 

 

Ordinary shares of 1p each

 

GB00B0D5V538

b)

 

Nature of the transaction

 

 

Sale

 

c)

 

Price(s) and volume(s)

 

 

 

Price(s)

 

Volume(s)

38.5p

 

60,000

 

 

 

d)

 

Aggregated information

 

 

- Aggregated volume

 

 

- Price

 

 

 

 

 

n/a

 

 

n/a

e)

 

Date of the transaction

 

 

23/09/2016

f)

 

Place of the transaction

 

 

London Stock Exchange (XLON)

 

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

 

Glyn Hirsch

2

 

Reason for the notification

 

a)

 

Position/status

 

 

Director/ PDMR

b)

 

Initial notification /Amendment

 

 

Initial notification

3

 

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

 

a)

 

Name

 

 

Raven Russia Limited

b)

 

LEI

 

 

-

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, type of instrument

 

Identification code

 

 

 

Ordinary shares of 1p each

 

GB00B0D5V538

b)

 

Nature of the transaction

 

 

Sale

 

c)

 

Price(s) and volume(s)

 

 

 

Price(s)

 

Volume(s)

38.5p

 

300,000

 

 

 

d)

 

Aggregated information

 

 

- Aggregated volume

 

 

- Price

 

 

 

 

 

n/a

 

 

n/a

e)

 

Date of the transaction

 

 

23/09/2016

f)

 

Place of the transaction

 

 

London Stock Exchange (XLON)

 

 

 

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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