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RAVEN PROPERTY GROUP LIMITED - Purchase by the Company of its own shares; notification and public disclosure of transactions by PDMRs
2021/05/11 12:15:00Download PDF Stock report
Purchase by the Company of its own shares; notification and public disclosure of transactions by PDMRs RAVEN PROPERTY GROUP LIMITED Incorporated in Guernsey Company number 43371 LSE share code: RAV JSE share code: RAV ISIN: GB00B0D5V538 ('Raven' or the 'Company') PURCHASE BY THE COMPANY OF ITS OWN ORDINARY SHARES AND PURCHASE OF EXISTING ORDINARY SHARES AND PREFERENCE SHARES BY THE COMPANY AND ITS EXECUTIVE MANAGEMENT THROUGH A JOINT VENTURE NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM Pursuant to Disclosure Guidance and Transparency Rule 3.1.2, the following information falls to be disclosed: Following the approvals at the General Meeting and Class Meeting held on 6 May 2021, the conditions necessary for the conditional purchase from the Invesco Funds of the Invesco Shares (the “Transaction”) have each been satisfied and settlement has occurred today. Raven Holdings Limited Raven Holdings Limited acquired 100,000,000 Ordinary Shares and 32,500,000 Preference Shares from the Invesco Funds and the Executive Management Team contributed 53,030,301 Ordinary Shares into Raven Holdings Limited. The table below sets out the number of Ordinary Shares contributed by each of the Executive Directors to the Raven Holdings Limited: Ordinary Shares Contributed to Raven Holdings Limited Anton Bilton* 36,374,524 Glyn Hirsch* 7,687,832 Mark Sinclair* 2,631,707 Colin Smith* 992,215 *includes Ordinary Shares held by trusts or pension schemes and investment vehicles where the individual or close family members are beneficiaries Each of the Executive Directors has an interest in Raven Holdings Limited as disclosed in the table below: Interest in Raven Holdings Limited Anton Bilton* 34.30% Glyn Hirsch* 7.25% Mark Sinclair* 2.48% Colin Smith* 0.94% Following the Transaction, Raven Holdings Limited holds 153,030,301 Ordinary Shares (26.59%) and 32,500,000 Preference Shares (15.02%). In addition to their interest in Raven Holdings Limited the Executive Directors have further interests in Ordinary Shares as follows: Ordinary Shares held outside of Percentage of issued ordinary the Raven Holdings Limited share capital held outside of the Raven Holdings Limited Anton Bilton* 4,169,178 0.724% Glyn Hirsch* 361,492 0.063% Mark Sinclair* 511,639 0.089% Colin Smith* 220,511 0.038% Placing Preference Shares The Directors of the Company and their immediate family participated in the placing of Preference Shares as set out below. Preference Shares Preference Shares Percentage of issued acquired in Placing held after Placing preference share capital Sir Richard Jewson* 189,600 265,060 0.1225% Anton Bilton* 5,000,000 11,162,188 5.1593% Glyn Hirsch* 500,000 4,179,830 1.9320% Mark Sinclair* 165,000 1,456,305 0.6731% Colin Smith* 75,000 979,198 0.4526% Russell Field* 250,000 250,000 0.1156% *includes Preference Shares held by trusts or pension schemes where the individual or close family members are beneficiaries and excludes interests of the Executive Directors holdings in Raven Holdings Limited explained above. Company Buyback Following the Transaction, 9,850,350 Ordinary Shares bought back by the Company were cancelled. The Invesco Funds no longer have an interest in the Company. Defined terms used in this announcement shall have the same meaning as set out in the Circular to Ordinary Shareholders dated 19 April 2021. 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 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 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 Ordinary shares of 1p each Identification code GB00B0D5V538 b) Nature of the transaction Contribution of Ordinary Shares to Rubicon Investments Limited c) Price(s) and volume(s) Price(s) Volume(s) 29p 10,366,620 d) Aggregated information - Aggregated volume Not applicable - Price e) Date of the transaction 11/05/2021 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 A 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 Ordinary shares of 1p each Identification code GB00B0D5V538 b) Nature of the transaction Contribution of Ordinary Shares to Rubicon Investments Limited c) Price(s) and volume(s) Price(s) Volume(s) 29p 4,409,724 d) Aggregated information - Aggregated volume Not applicable - Price e) Date of the transaction 11/05/2021 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 A 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 Ordinary shares of 1p each Identification code GB00B0D5V538 b) Nature of the transaction Contribution of Ordinary Shares to Rubicon Investments Limited c) Price(s) and volume(s) Price(s) Volume(s) 29p 21,598,180 d) Aggregated information - Aggregated volume Not applicable - Price e) Date of the transaction 11/05/2021 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 Ordinary shares of 1p each Identification code GB00B0D5V538 b) Nature of the transaction Contribution of Ordinary Shares to Rubicon Investments Limited c) Price(s) and volume(s) Price(s) Volume(s) 29p 7,687,832 d) Aggregated information - Aggregated volume Not applicable - Price e) Date of the transaction 11/05/2021 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 Ordinary shares of 1p each Identification code GB00B0D5V538 b) Nature of the transaction Contribution of Ordinary Shares to Rubicon Investments Limited c) Price(s) and volume(s) Price(s) Volume(s) 29p 2,631,707 d) Aggregated information - Aggregated volume Not applicable - Price e) Date of the transaction 11/05/2021 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 Ordinary shares of 1p each Identification code GB00B0D5V538 b) Nature of the transaction Contribution of Ordinary Shares to Rubicon Investments Limited c) Price(s) and volume(s) Price(s) Volume(s) 29p 516,513 d) Aggregated information - Aggregated volume Not applicable - Price e) Date of the transaction 11/05/2021 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 A 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 Ordinary shares of 1p each Identification code GB00B0D5V538 b) Nature of the transaction Contribution of Ordinary Shares to Rubicon Investments Limited c) Price(s) and volume(s) Price(s) Volume(s) 29p 475,702 d) Aggregated information - Aggregated volume Not applicable - Price e) Date of the transaction 11/05/2021 f) Place of the transaction Outside of Trading Venue 1 Details of the person discharging managerial responsibilities / person closely associated a) Name Rubicon Investments Limited 2 Reason for the notification a) Position/status A PCA of Anton Bilton, Glyn Hirsch, Mark Sinclair and Colin Smith, all PDMR’s 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 Ordinary shares of 1p each Identification code GB00B0D5V538 b) Nature of the transaction Contribution of Ordinary Shares received into Rubicon Investments Limited c) Price(s) and volume(s) Price(s) Volume(s) 29p 53,030,301 d) Aggregated information - Aggregated volume Not applicable - Price e) Date of the transaction 11/05/2021 f) Place of the transaction Outside of Trading Venue 1 Details of the person discharging managerial responsibilities / person closely associated a) Name Rubicon Investments Limited 2 Reason for the notification a) Position/status A PCA of Anton Bilton, Glyn Hirsch, Mark Sinclair and Colin Smith, all PDMR’s 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 Ordinary shares of 1p each Identification code GB00B0D5V538 b) Nature of the transaction Contribution of Ordinary Shares to Raven Holdings Limited c) Price(s) and volume(s) Price(s) Volume(s) 29p 53,030,301 d) Aggregated information - Aggregated volume Not applicable - Price e) Date of the transaction 11/05/2021 f) Place of the transaction Outside of Trading Venue 1 Details of the person discharging managerial responsibilities / person closely associated a) Name Raven Holdings Limited 2 Reason for the notification a) Position/status A PCA of Anton Bilton, Glyn Hirsch, Mark Sinclair and Colin Smith, all PDMR’s 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 Ordinary shares of 1p each Identification code GB00B0D5V538 b) Nature of the transaction Contribution of Ordinary Shares received into Raven Holdings Limited c) Price(s) and volume(s) Price(s) Volume(s) 29p 53,030,301 d) Aggregated information - Aggregated volume Not applicable - Price e) Date of the transaction 11/05/2021 f) Place of the transaction Outside of Trading Venue 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 Cumulative Redeemable Preference Shares of 1p each Identification code GG00B55K7B92 b) Nature of the transaction Preference Placing c) Price(s) and volume(s) Price(s) Volume(s) 90.80p 134,600 d) Aggregated information - Aggregated volume Not applicable - Price e) Date of the transaction 11/05/2021 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 A PCA of Sir Richard Jewson, 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 Cumulative Redeemable Preference Shares of 1p each Identification code GG00B55K7B92 b) Nature of the transaction Preference Placing c) Price(s) and volume(s) Price(s) Volume(s) 90.80p 55,000 d) Aggregated information - Aggregated volume Not applicable - Price e) Date of the transaction 11/05/2021 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 Cumulative Redeemable Preference Shares of 1p each Identification code GG00B55K7B92 b) Nature of the transaction Preference Placing c) Price(s) and volume(s) Price(s) Volume(s) 90.80p 3,975,771 d) Aggregated information - Aggregated volume Not applicable - Price e) Date of the transaction 11/05/2021 f) Place of the transaction Outside of Trading Venue 1 Details of the person discharging managerial responsibilities / person closely associated a) Name Aurora Europa PCC Limited. Anton Bilton 2 Reason for the notification a) Position/status A 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 Cumulative Redeemable Preference Shares of 1p each Identification code GG00B55K7B92 b) Nature of the transaction Preference Placing c) Price(s) and volume(s) Price(s) Volume(s) 90.80p 1,024,229 d) Aggregated information - Aggregated volume Not applicable - Price e) Date of the transaction 11/05/2021 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 A 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 Cumulative Redeemable Preference Shares of 1p each Identification code GG00B55K7B92 b) Nature of the transaction Preference Placing c) Price(s) and volume(s) Price(s) Volume(s) 90.8p 154,185 d) Aggregated information - Aggregated volume Not applicable - Price e) Date of the transaction 11/05/2021 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 2 RAT 2 Reason for the notification a) Position/status A 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 Cumulative Redeemable Preference Shares of 1p each Identification code GG00B55K7B92 b) Nature of the transaction Preference Placing c) Price(s) and volume(s) Price(s) Volume(s) 90.8p 198,238 d) Aggregated information - Aggregated volume Not applicable - Price e) Date of the transaction 11/05/2021 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 A 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 Cumulative Redeemable Preference Shares of 1p each Identification code GG00B55K7B92 b) Nature of the transaction Preference Placing c) Price(s) and volume(s) Price(s) Volume(s) 90.80p 147,577 d) Aggregated information - Aggregated volume Not applicable - Price e) Date of the transaction 11/05/2021 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 Cumulative Redeemable Preference Shares of 1p each Identification code GG00B55K7B92 b) Nature of the transaction Preference Placing c) Price(s) and volume(s) Price(s) Volume(s) 90.80p 165,000 d) Aggregated information - Aggregated volume Not applicable - Price e) Date of the transaction 11/05/2021 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 A 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 Cumulative Redeemable Preference Shares of 1p each Identification code GG00B55K7B92 b) Nature of the transaction Preference Placing c) Price(s) and volume(s) Price(s) Volume(s) 90.80p 75,000 d) Aggregated information - Aggregated volume Not applicable - Price e) Date of the transaction 11/05/2021 f) Place of the transaction Outside of Trading Venue 1 Details of the person discharging managerial responsibilities / person closely associated a) Name Russell Field 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 Cumulative Redeemable Preference Shares of 1p each Identification code GG00B55K7B92 b) Nature of the transaction Preference Placing c) Price(s) and volume(s) Price(s) Volume(s) 90.80p 125,000 d) Aggregated information - Aggregated volume Not applicable - Price e) Date of the transaction 11/05/2021 f) Place of the transaction Outside of Trading Venue 1 Details of the person discharging managerial responsibilities / person closely associated a) Name Sarah Field 2 Reason for the notification a) Position/status A PCA of Russell Field, 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 Cumulative Redeemable Preference Shares of 1p each Identification code GG00B55K7B92 b) Nature of the transaction Preference Placing c) Price(s) and volume(s) Price(s) Volume(s) 90.80p 125,000 d) Aggregated information - Aggregated volume Not applicable - Price e) Date of the transaction 11/05/2021 f) Place of the transaction Outside of Trading Venue 11 May 2021 Sponsor Java Capital Date: 11-05-2021 12:15:00 Produced by the JSE SENS Department. 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