21 November 2019


Raven Property Group Limited (“Raven” or the “Company”)

Directors’ Dealings
 
Pursuant to Disclosure Guidance and Transparency Rule 3.1.2, the following information falls to be disclosed: 

The Company was notified on 20 November 2019 that the Directors of the Company and their immediate family participated in the tender offer.  

The table below sets out the number of ordinary shares tendered and number of ordinary shares held by each or in which they are interested after the tender offer.
	
Sir Richard Jewson*		
Ordinary shares tendered 5,077
No of ordinary shares held after the tender offer 218,429	
Percentage of issued share capital 0.0446%

Anton Bilton*
Ordinary shares tendered 967,447
No of ordinary shares held after the tender offer 41,620,058
Percentage of issued share capital 8.4986%

Glyn Hirsch*
Ordinary shares tendered 161,458	
No of ordinary shares held after the tender offer 6,959,778
Percentage of issued share capital 1.4212%

Mark Sinclair*
Ordinary shares tendered 63,587
No of ordinary shares held after the tender offer 2,761,976
Percentage of issued share capital 0.5640%

Colin Smith*
Ordinary shares tendered 33.376
No of ordinary shares held after the tender offer 831,239
Percentage of issued share capital 0.1697%
			
*includes ordinary shares held by trusts or pension schemes where the individual or close family members are beneficiaries

Enquiries

Raven Property Group Limited
Anton Bilton
Glyn Hirsch
Tel: + 44 (0) 1481 712955

Novella Communications (public relations adviser)
Tim Robertson
Fergus Young
Tel: +44 (0) 203 151 7008

N+1 Singer (UK joint broker)
Corporate Finance - James Maxwell / James Moat
Sales - Alan Geeves / James Waterlow
Tel: +44 (0) 20 7496 3000  

Numis Securities Limited (UK joint broker)
Alex Ham / Jamie Loughborough / Alasdair Abram
Tel: + 44 (0) 207 260 1000

Renaissance Capital (South African broker)
Yvette Labuschagne
Tel: +27 (11) 750 1448

Renaissance Capital (Russian broker)
David Pipia
Tel: + 7 495 258 7770

Ravenscroft (TISE sponsor)
Emma Ozanne
Tel: + 44 (0) 1481 729100

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. 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 1.9 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

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 
Sir Richard Jewson

2 Reason for the notification 

a) Position/status 
Director/ PDMR

b) Initial notification /Amendment 
Initial notification

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, type of instrument 
Identification code 
Ordinary shares of 1p each
GB00B0D5V538

b) Nature of the transaction 
Tender offer take up

c) Price(s) and volume(s) 
Price(s) 55p
Volume(s)1,459

d) Aggregated information 
- Aggregated volume 
-
- Price 
Not applicable

e) Date of the transaction 
15/11/2019

f) Place of the transaction 
Outside of Trading Venue


1 Details of the person discharging managerial responsibilities / person closely associated 

a) Name 
Lady Sarah Jewson 

2 Reason for the notification 

a) Position/status 
PCA of Richard Jewson a Director/ PDMR

b) Initial notification /Amendment 
Initial notification

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, type of instrument 
Identification code 
Ordinary shares of 1p each
GB00B0D5V538

b) Nature of the transaction 
Tender offer take up

c) Price(s) and volume(s) 
	 
Price(s) 55p
Volume(s)3,618

d) Aggregated information 
- Aggregated volume 
-
- Price 
Not applicable

e) Date of the transaction 
15/11/2019

f) Place of the transaction 
Outside of Trading Venue


1 Details of the person discharging managerial responsibilities / person closely associated 

a) Name 
Anton Bilton 

2 Reason for the notification 

a) Position/status 
Director/ PDMR

b) Initial notification /Amendment 
Initial notification

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, type of instrument 
Identification code 
Ordinary shares of 1p each
GB00B0D5V538

b) Nature of the transaction 
Tender offer take up

c) Price(s) and volume(s) 
Price(s) 55p
Volume(s) 251,639

d) Aggregated information 
- Aggregated volume 
-
- Price 
Not applicable

e) Date of the transaction 
15/11/2019

f) Place of the transaction 
Outside of Trading Venue


1 Details of the person discharging managerial responsibilities / person closely associated 

a) Name 
Aurora Europe PCC Limited. Anton Bilton

2 Reason for the notification 

a) Position/status 
PCA of Anton Bilton, a PDMR

b) Initial notification /Amendment 
Initial notification

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, type of instrument 
Identification code 
Ordinary shares of 1p each
GB00B0D5V538

b) Nature of the transaction 
Tender offer take up

c) Price(s) and volume(s) 
Price(s) 55p
Volume(s) 101,542

d) Aggregated information 
- Aggregated volume 
-
- Price 
Not applicable

e) Date of the transaction 
15/11/2019

f) Place of the transaction 
Outside of Trading Venue


1 Details of the person discharging managerial responsibilities / person closely associated 

a) Name 
Bilton Investments Limited

2 Reason for the notification 

a) Position/status 
PCA of Anton Bilton, a PDMR

b) Initial notification /Amendment 
Initial notification

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, type of instrument 
Identification code 
Ordinary shares of 1p each
GB00B0D5V538

b) Nature of the transaction 
Tender offer take up

c) Price(s) and volume(s) 
Price(s) 55p
Volume(s) 535,768

d) Aggregated information 
- Aggregated volume 
-
- Price 
Not applicable

e) Date of the transaction 
15/11/2019

f) Place of the transaction 
Outside of Trading Venue


1 Details of the person discharging managerial responsibilities / person closely associated 

a) Name 
Praxis Trustees Limited & Truchot Trustees Limited

2 Reason for the notification 

a) Position/status 
PCA of Anton Bilton, a PDMR

b) Initial notification /Amendment 
Initial notification

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, type of instrument 
Identification code 
Ordinary shares of 1p each
GB00B0D5V538

b) Nature of the transaction 
Tender offer take up

c) Price(s) and volume(s) 
Price(s) 55p
Volume(s) 77,079

d) Aggregated information 
- Aggregated volume 
-
- Price 
Not applicable

e) Date of the transaction 
15/11/2019

f) Place of the transaction 
Outside of Trading Venue


1 Details of the person discharging managerial responsibilities / person closely associated 

a) Name 
Lisa Bilton 

2 Reason for the notification 

a) Position/status 
PCA of Anton Bilton, a PDMR

b) Initial notification /Amendment 
Initial notification

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, type of instrument 
Identification code 
Ordinary shares of 1p each
GB00B0D5V538

b) Nature of the transaction 
Tender offer take up

c) Price(s) and volume(s) 
	
Price(s) 55p
Volume(s)1,419

d) Aggregated information 
- Aggregated volume 
-
- Price 
Not applicable

e) Date of the transaction 
15/11/2019

f) Place of the transaction 
Outside of Trading Venue


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 /Amendment 
Initial notification

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, type of instrument 
Identification code 
Ordinary shares of 1p each
GB00B0D5V538

b) Nature of the transaction 
Tender offer take up

c) Price(s) and volume(s) 
	
Price(s) 55p
Volume(s) 152,879

d) Aggregated information 
- Aggregated volume 
-
- Price 
Not applicable

e) Date of the transaction 
15/11/2019

f) Place of the transaction 
Outside of Trading Venue


1 Details of the person discharging managerial responsibilities / person closely associated 

a) Name 
New Street Trust Limited as trustees of the GVH RAT  

2 Reason for the notification 

a) Position/status 
PCA of Glyn Hirsch, a PDMR

b) Initial notification /Amendment 
Initial notification

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, type of instrument 
Identification code 
Ordinary shares of 1p each
GB00B0D5V538

b) Nature of the transaction 
Tender offer take up

c) Price(s) and volume(s) 
	
Price(s) 55p
Volume(s) 6,183


d) Aggregated information 
- Aggregated volume 
-
- Price 
Not applicable

e) Date of the transaction 
15/11/2019

f) Place of the transaction 
Outside of Trading Venue


1 Details of the person discharging managerial responsibilities / person closely associated 

a) Name 
New Street Trust Limited as trustees of Emisan Trust

2 Reason for the notification 

a) Position/status 
PCA of Glyn Hirsch, a PDMR

b) Initial notification /Amendment 
Initial notification

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, type of instrument 
Identification code 
Ordinary shares of 1p each
GB00B0D5V538

b) Nature of the transaction 
Tender offer take up

c) Price(s) and volume(s) 
	
Price(s)55p
Volume(s) 2,396

d) Aggregated information 

- Aggregated volume 
-
- Price 
Not applicable

e) Date of the transaction 
15/11/2019

f) Place of the transaction 
Outside of Trading Venue


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 /Amendment 
Initial notification

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, type of instrument 

Identification code 
Ordinary shares of 1p each
GB00B0D5V538

b) Nature of the transaction 
Tender offer take up

c) Price(s) and volume(s) 
	
Price(s) 55p
Volume(s)55,219

d) Aggregated information 
- Aggregated volume 
-
- Price 
Not applicable

e) Date of the transaction 
15/11/2019

f) Place of the transaction 
Outside of Trading Venue


1 Details of the person discharging managerial responsibilities / person closely associated 

a) Name 
Raven Russia Defined Contribution Executive Guernsey Pension Scheme.

2 Reason for the notification 

a) Position/status 
PCA of Mark Sinclair, a PDMR

b) Initial notification /Amendment 
Initial notification

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, type of instrument 
Identification code 
Ordinary shares of 1p each
GB00B0D5V538

b) Nature of the transaction 
Tender offer take up

c) Price(s) and volume(s) 
	
Price(s) 55p
Volume(s) 8,368

d) Aggregated information 
- Aggregated volume 
-
- Price 
Not applicable

e) Date of the transaction 
15/11/2019

f) Place of the transaction 
Outside of Trading Venue


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 /Amendment 
Initial notification

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, type of instrument 
Identification code 
Ordinary shares of 1p each
GB00B0D5V538

b) Nature of the transaction 
Tender offer take up

c) Price(s) and volume(s) 
	
Price(s) 55p
Volume(s) 18,075

d) Aggregated information 
- Aggregated volume 
-
- Price 
Not applicable

e) Date of the transaction 
15/11/2019

f) Place of the transaction 
Outside of Trading Venue


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 /Amendment 
Initial notification

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, type of instrument 
Identification code 
Ordinary shares of 1p each
GB00B0D5V538

b) Nature of the transaction 
Tender offer take up

c) Price(s) and volume(s) 
Price(s)55p
Volume(s) 3,490

d) Aggregated information 

- Aggregated volume 
-
- Price 
Not applicable
e) Date of the transaction 
15/11/2019

f) Place of the transaction 
Outside of Trading Venue


1 Details of the person discharging managerial responsibilities / person closely associated 

a) Name 
Lorier Retirement Annuity Trust

2 Reason for the notification 

a) Position/status 
PCA of Colin Smith, a PDMR

b) Initial notification /Amendment 
Initial notification

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, type of instrument 
Identification code 
Ordinary shares of 1p each
GB00B0D5V538

b) Nature of the transaction 
Tender offer take up

c) Price(s) and volume(s) 
Price(s) 55p
Volume(s) 11,811

d) Aggregated information 
- Aggregated volume 
-
- Price 
Not applicable

e) Date of the transaction 
15/11/2019

f) Place of the transaction 
Outside of Trading Venue