RAV.L

Raven Property Group Ltd.
Raven Property Grp - Result of General Meeting
26th May 2022, 11:00
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RNS Number : 9464M
Raven Property Group Limited
26 May 2022
 

26 May 2022

 

 

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

 

Results of General Meeting and Preference Shareholder Meeting in connection with the Proposed De-Listing of Ordinary Shares and Preference Shares

 

Raven is pleased to announce that at the General Meeting and Preference Shareholder Meeting, each held earlier today, all resolutions were duly passed.

 

The Company can now apply to cancel the admission of the Company's Ordinary Shares and Preference Shares from listing on the Financial Conduct Authority's Official List and from trading on the London Stock Exchange's Main Market for listed securities. Such cancellations are expected to take effect on 28 June 2022. The secondary listings of the Ordinary Shares on MOEX and the main board of the JSE and the listings of the Ordinary Shares and Preference Shares on TISE will also be cancelled on or around this date.

 

A summary of the votes lodged by proxy at the General Meeting is set out below:

 

Resolution

For (see note 1)

Against (see note 1)

Number of votes withheld (see note 2)

Total votes cast

Number of votes

%

Number of votes

%

1*

THAT the proposed cancellation of the ordinary shares of £0.01 each in the capital of the Company from admission to listing on the Premium Segment of the Financial Conduct Authority's Official List and to trading on the London Stock Exchange's Main Market for listed securities be approved

348,192,800

95.43

16,688,291

4.57

58,642

364,881,091

2*

THAT, subject to and conditional on the passing of Resolution 1 and with effect from the time of the cancellation of the Ordinary Shares from admission to listing on the Premium Segment of the Financial Conduct Authority's Official List, the articles of incorporation produced to the meeting be adopted.

471,888,357

95.09

24,344,665

4.91

38,970

496,233,022

 

The results set out above in relation to Resolution 2 take into account the fact that Preference Shareholders were permitted to vote on the resolution. Each Preference Shareholder had one vote.

 

A summary of the votes lodged by proxy at the Preference Shareholder Meeting is set out below:

 

Resolution

For (see note 1)

Against (see note 1)

Number of votes withheld (see note 2)

Total votes cast

Number of votes

%

Number of votes

%

1*

THAT, in accordance with article 15.1 of the articles of incorporation of the Company holders of Preference Shares hereby irrevocably consent to and approve the deemed variation of the class rights attaching to the Preference Shares, in connection with the cancellation of the Preference Shares from admission to listing on the Standard Segment of the Financial Conduct Authority's Official List and to trading on the London Stock Exchange's Main Market for listed securities.

121,957,230

98.59

1,744,343

1.41

13,548

123,701,573

 

*Special Resolution

 

Notes:

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 voting Ordinary Shares in issue at 6.00 p.m. on 24 May 2022 was 566,493,370 Ordinary Shares. 64.41% of voting capital was instructed.

4. Total number of Preference Shares in issue at 6.00 p.m. on 24 May 2022 was 216,634,485 Preference Shares. 60.63% of voting capital was instructed.

 

Copies of the resolutions passed at the General Meeting and Preference Shareholder Meeting will be available on the National Storage Mechanism and are available for viewing online at: https://data.fca.org.uk/#/nsm/nationalstoragemechanism

 

Defined terms used in this announcement shall have the same meaning as set out in the Circular to Ordinary Shareholders dated 6 May 2022.

 

 

Enquiries

 

Raven Property Group Limited

Anton Bilton

Glyn Hirsch

 

Tel: + 44 (0) 1481 712955

Novella Communications (public relations adviser)

Tim Robertson

Safia Colebrook

 

Tel: +44 (0) 203 151 7008

Singer Capital Markets (UK broker)

Investment Banking - James Maxwell / Alex Bond

Markets - Alan Geeves / James Waterlow

 

Tel: +44 (0) 207 496 3000 

Java Capital (South African Sponsor)

Jean Tyndale-Biscoe / Andrew Brooking

 

Tel: +27 (11) 722 3050

Ravenscroft Consultancy & Listing Services Limited (TISE sponsor)

Semelia Hamon

Tel: + 44 (0) 1481 732746

 

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. 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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