Raven Russia Limited Directors' Dealings (7373K)
September 23 2016 - 11:10AM
UK Regulatory
TIDMRUS
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 Initial notification
/Amendment
--- ------------------------- ------------------------------------
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 Cumulative convertible redeemable
instrument, type preference shares of no par
of instrument value each
Identification GG00BYVFCC74
code
--- ------------------------- ------------------------------------
b) Nature of the Transfer for nil consideration
transaction 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 Not applicable
- Price
--- ------------------------- ------------------------------------
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 Initial notification
/Amendment
--- ------------------------- ------------------------------------
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 Cumulative convertible redeemable
instrument, type preference shares of no par
of instrument value each
Identification GG00BYVFCC74
code
--- ------------------------- ------------------------------------
b) Nature of the Transfer for nil consideration
transaction from the PDMR
--- ------------------------- ------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
--------- ----------
0.00p 25,000
--------- ----------
--- ------------------------- ------------------------------------
d) Aggregated information
- Aggregated volume Not applicable
- Price
--- ------------------------- ------------------------------------
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 Initial notification
/Amendment
--- ------------------------- ------------------------------------
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 Cumulative convertible redeemable
instrument, type preference shares of no par
of instrument value each
Identification GG00BYVFCC74
code
--- ------------------------- ------------------------------------
b) Nature of the Transfer for nil consideration
transaction from the PDMR
--- ------------------------- ------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
--------- ----------
0.00p 25,000
--------- ----------
--- ------------------------- ------------------------------------
d) Aggregated information
- Aggregated volume Not applicable
- Price
--- ------------------------- ------------------------------------
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 Initial notification
/Amendment
--- ------------------------- -----------------------------
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 Ordinary shares of 1p each
instrument, type
of instrument GB00B0D5V538
Identification
code
--- ------------------------- -----------------------------
b) Nature of the Sale
transaction
--- ------------------------- -----------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
--------- ----------
38.5p 60,000
--------- ----------
--- ------------------------- -----------------------------
d) Aggregated information
- Aggregated volume n/a
- Price 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 Initial notification
/Amendment
--- ------------------------- -----------------------------
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 Ordinary shares of 1p each
instrument, type
of instrument GB00B0D5V538
Identification
code
--- ------------------------- -----------------------------
b) Nature of the Sale
transaction
--- ------------------------- -----------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
--------- ----------
38.5p 300,000
--------- ----------
--- ------------------------- -----------------------------
d) Aggregated information
- Aggregated volume n/a
- Price 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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