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Results of annual general meeting and tender offer
RAVEN PROPERTY GROUP LIMITED
Incorporated in Guernsey
Company number 43371
LSE share code: RAV JSE share code: RAV
ISIN: GB00B0D5V538
(“Raven” or the “Company”)
RESULTS OF ANNUAL GENERAL MEETING AND TENDER OFFER
Raven announces that, at the Annual General Meeting (“AGM”) of the Company held at 10:30 a.m. today, the
resolutions set out in the Notice of 2021 AGM dated 19 May 2021, were duly passed following a poll on each
resolution.
Defined terms used in this announcement shall have the same meaning as set out in the Notice of 2021 AGM
and Tender Offer circular, both dated 19 May 2021.
Annual General Meeting Poll Results
Resolution For (see note 1) Against (see note 1) Number of Total votes
Number of % Number of % votes cast
votes votes withheld
(see note 2)
1 To receive the Annual 453,432,810 99.99 32,888 0.01 1,001 453,465,698
Report and Accounts
2 To approve the 434,036,602 95.72 19,422,698 4.28 7,399 453,459,300
Directors’
Remuneration Report
3 To approve the 420,352,091 92.70 33,107,209 7.30 7,399 453,459,300
Remuneration Policy
4 To re-appoint Richard 431,762,273 95.24 21,575,825 4.76 128,601 453,338,098
Jewson
5 To re-appoint Anton 450,465,681 99.37 2,872,418 0.63 128,600 453,338,099
Bilton
6 To re-appoint Glyn 450,464,681 99.37 2,872,418 0.63 128,600 453,337,099
Hirsch
7 To re-appoint Mark 450,467,181 99.99 20,918 0.01 2,978,600 450,488,099
Sinclair
8 To re-appoint Colin 450,467,181 99.99 58,418 0.01 2,941,100 450,525,599
Smith
9 To re-appoint David 303,725,288 94.79 16,696,207 5.21 133,045,204 320,421,495
Moore
10 To re-appoint Michael 430,228,400 94.90 23,109,698 5.10 128,601 453,338,098
Hough
11 To re-appoint Russell 450,467,181 99.37 2,870,918 0.63 128,600 453,338,099
Field
12 To re-appoint Philip 450,467,181 99.37 2,870,918 0.63 128,600 453,338,099
Swire
13 To re-appoint Ernst & 453,431,310 99.99 34,388 0.01 1,001 453,465,698
Young as auditors
14 To authorise the 453,455,032 99.99 10,667 0.01 1,000 453,465,699
Directors to fix the
remuneration of the
auditors
15 To authorise the 452,933,761 99.88 531,938 0.12 1,000 453,465,699
Directors to allot
ordinary shares and
preference shares
16 To approve the Rule 9 116,742,865 75.48 37,932,502 24.52 132,924,002 154,675,367
Waiver
17* To authorise the 442,567,159 97.60 10,898,539 2.40 1,001 453,465,698
Company to make
market purchases of its
ordinary shares
18* To authorise the 453,393,985 99.98 71,713 0.02 1,001 453,465,698
Company to make
market purchases of its
preference shares
19* To authorise the 446,418,447 98.45 7,047,251 1.55 1,001 453,465,698
Company to make
market purchases of its
ordinary shares
pursuant to the tender
offer buy back
20* To dis-apply pre- 447,215,779 98.62 6,249,920 1.38 1,000 453,465,699
emption rights on the
issue of ordinary shares
21* To dis-apply pre- 447,192,057 98.62 6,273,641 1.38 1,001 453,465,698
emption rights on the
issue of ordinary shares
for a specific
transaction
*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. The total number of Ordinary Shares in issue at 6.00 p.m. on 16 June 2021 was 579,290,442, 78.28% of the
voting capital was instructed.
4. The Concert Party, who are together interested in 169,893,859 Ordinary Shares representing approximately
29.33% of the Ordinary Share Capital, were not eligible to vote on Resolution 16 at the AGM.
In accordance with the UK Corporate Governance code ( the “Code”) provision 4, following the 24.52% of
votes received against and 132,924,002 votes withheld on resolution 16, the waiver of the rule 9 requirements,
the Board intends to engage with shareholders to further understand the reasons behind their voting decisions
and will provide an update in no later than 6 months’ time in accordance with the Code.
Raven can confirm that a total of 12,797,072 Ordinary Shares have been tendered in connection with the
Tender Offer. Tenders for up to and including the Tender Offer Entitlement of 1 Ordinary Share for every 32
Ordinary Shares at 40 pence per share will be met in full. This will result in a payment of approximately £5.1
million by the Company. Payment will be made to shareholders by 28 June 2021. All 12,797,072 Ordinary
Shares purchased by the Company pursuant to the Tender Offer will be cancelled.
Copies of the resolutions passed at the AGM will be available at National Storage Mechanism and will shortly
be available for viewing online at: https://data.fca.org.uk/#/nsm/nationalstoragemechanism
18 June 2021
Enquiries
Raven Property Group Limited Tel: + 44 (0) 1481 712955
Anton Bilton
Glyn Hirsch
Novella Communications (public relations Tel: +44 (0) 203 151 7008
adviser)
Tim Robertson
Fergus Young
N+1 Singer (UK joint broker) Tel: +44 (0) 20 7496 3000
Corporate Finance - James Maxwell / Alex Bond
Sales - Alan Geeves / James Waterlow
Numis Securities Limited (UK joint broker) Tel: + 44 (0) 207 260 1000
Alex Ham / Jamie Loughborough / Nathan Brown /
George Shiel
Java Capital (South African Sponsor) Tel: +27 (11) 722 3050
Jean Tyndale-Biscoe / Andrew Brooking
Renaissance Capital (Russian broker) Tel: + 7 495 258 7770
David Pipia
Ravenscroft (TISE sponsor) Tel: + 44 (0) 1481 732746
Semelia Hamon
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 and Preference Shares 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. 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
Date: 18-06-2021 05:00:00
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