Raven Russia Limited Director/PDMR Shareholding (0319D)
April 21 2017 - 9:15AM
UK Regulatory
TIDMRUS
RNS Number : 0319D
Raven Russia Limited
21 April 2017
21 April 2017
Raven Russia Limited ("Raven Russia" or the "Company")
Directors' Dealings
The Company was notified today of the following Directors'
Dealing transactions:
Glyn Hirsch, Chief Executive Officer of the Company, has
exercised Long Term Incentive Plan options over 637,742 ordinary
shares of 1p each in the capital of the Company ("Ordinary
Shares"), with an exercise price of 25p.
Glyn Hirsch and pension schemes in which Glyn Hirsch is
beneficially interested, have agreed to exercise a total of
2,292,817 warrants to subscribe for Ordinary Shares ("Warrants")
and simultaneously agreed to sell the resultant Ordinary Shares at
a price of 51p.
Following these transactions the beneficial interest of Glyn
Hirsch and his immediate family in Ordinary Shares will increase to
7,958,918 Ordinary Shares representing 1.1914% of the issued
ordinary share capital of the Company. Glyn Hirsch and his
immediate family will no longer have an interest in the Company's
Warrants following the exercises noted above.
Anton Bilton, Executive deputy Chairman of the Company, agreed
to exercise 10,403,262 Warrants and simultaneously agreed to sell
the resultant Ordinary Shares at a price of 51p.
The Cassian and Lily Bilton Trust, a trust of which Anton Bilton
is interested, agreed to exercise 25,987 Warrants and
simultaneously agreed to sell the resultant Ordinary Shares at a
price of 51p.
The Bilton Charitable Foundation, a trust of which Anton Bilton
is a trustee, agreed to exercise 230,984 Warrants and
simultaneously agreed to sell the resultant Ordinary Shares at a
price of 51p.
A pension scheme which Anton Bilton is beneficially interested,
agreed to exercise 721,826 Warrants and simultaneously agreed to
sell the resultant Ordinary Shares at a price of 51p
Following these transactions the beneficial interest of Anton
Bilton and his immediate family in Ordinary Shares will be
unchanged and they will no longer have an interest in the Company's
Warrants.
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
Ravenscroft Tel: + 44 (0) 1481 729100
Semelia Hamon
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 International Stock Exchange Authority
("TISEA"). Its Convertible Preference Shares are admitted to the
TISEA 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
The following disclosure is made in accordance with Article 19
of the EU Market Abuse Regulation 596/2014.
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 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 Ordinary Shares of 1p each
instrument, type
of instrument GB00B0D5V538
Identification
code
--- ------------------------- -----------------------------
b) Nature of the Exercise of options over
transaction Ordinary Shares of 1p each
--- ------------------------- -----------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
--------- ----------
25p 637,742
--------- ----------
--- ------------------------- -----------------------------
d) Aggregated information
- Aggregated volume Not applicable
- Price
--- ------------------------- -----------------------------
e) Date of the transaction 19 April 2017
--- ------------------------- -----------------------------
f) Place of the transaction Outside of trading venue
--- ------------------------- -----------------------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
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