Raven Property Group Limited Director's Dealing (4570K)
December 14 2018 - 1:01AM
UK Regulatory
TIDMRAV
RNS Number : 4570K
Raven Property Group Limited
14 December 2018
14 December 2018
Raven Property Group Limited ("Raven" or the "Company")
Director's Dealing
Pursuant to Disclosure Guidance and Transparency Rule 3.1.2-A,
the following information falls to be disclosed:
The Company was notified yesterday that on 12 December 2018,
Colin Smith, Chief Operating Officer, and The Lorier Discretionary
Trust, a trust of which Colin Smith is interested, sold 18,303 and
18,302 convertible preference shares of no par value in the capital
of the Company ("Convertible Shares") respectively at a price of
115p to meet tax liabilities from the 2016 Retention Scheme.
Following these transactions, Colin Smith and his immediate
family have a beneficial interest in 257,270 Convertible Shares
being 0.1298% of the total Convertible Shares in issue.
The notifications below, made in accordance with the
requirements of the EU Market Abuse Regulation, provide further
detail.
Enquiries
Raven Property Group Limited Tel: + 44 (0) 1481 712955
Anton Bilton
Glyn Hirsch
Novella Communications (public relations adviser) Tel: +44 (0)
203 151 7008
Tim Robertson
Toby Andrews
N+1 Singer (UK joint broker) Tel: +44 (0) 20 7496 3000
Corporate Finance - James Maxwell / James Moat
Sales - Alan Geeves / James Waterlow
Numis Securities Limited (UK joint broker) Tel: + 44 (0) 207 260
1000
Alex Ham / Jamie Loughborough / Alasdair Abram
Renaissance Capital (South African broker) Tel: +27 (11) 750
1448
Yvette Labuschagne
Renaissance Capital (Russian broker) Tel: + 7 495 258 7770
David Pipia
Ravenscroft (TISE sponsor) Tel: + 44 (0) 1481 729100
Jade Cook
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. 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 UK Listing Authority and
the Official List of The International Stock Exchange ("TISE"). Its
Ordinary Shares also have a secondary listing on the main board of
the Johannesburg Stock Exchange and the Moscow Stock Exchange. Its
convertible preference shares are admitted to the Official List of
TISE and to trading on the SETSqx market of the London Stock
Exchange. The Group operates out of offices in Guernsey, Moscow and
Cyprus and has an investment portfolio of circa 1.8 million square
metres of Grade "A" warehouses in Moscow, St Petersburg,
Rostov-on-Don and Novosibirsk and 49,000 square metres of
commercial office space in St Petersburg. For further information
visit the Company's website: www.theravenpropertygroup.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 Colin Smith
--------------------------- --------------------------------------
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 Property Group 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 instrument, 6.5% Convertible Preference shares
type of instrument of no par value
Identification code GG00BYVFCC74
--------------------------- --------------------------------------
b) Nature of the transaction Sale
--------------------------- --------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
115p 18,303
----------
--------------------------- --------------------------------------
d) Aggregated information
- Aggregated volume Not applicable - single transaction
- Price
--------------------------- --------------------------------------
e) Date of the transaction 12/12/2018
--------------------------- --------------------------------------
f) Place of the transaction London Stock Exchange (XLON)
--------------------------- --------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name New Street Trust Limited as trustees
of The Lorier Discretionary Trust
--------------------------- --------------------------------------
2 Reason for the notification
-------------------------------------------------------------------
a) Position/status PCA of Colin Smith, 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 Property Group 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 instrument, 6.5% Convertible Preference shares
type of instrument of no par value
Identification code GG00BYVFCC74
--------------------------- --------------------------------------
b) Nature of the transaction Sale
--------------------------- --------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
115p 18,302
----------
--------------------------- --------------------------------------
d) Aggregated information
- Aggregated volume Not applicable - single transaction
- Price
--------------------------- --------------------------------------
e) Date of the transaction 12/12/2018
--------------------------- --------------------------------------
f) Place of the transaction London Stock Exchange (XLON)
--------------------------- --------------------------------------
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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