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Raven Russian, the Russia-focused property company, said all shareholders who took advantage of the company's offer to buy back shares at 75p a throw will be able to sell their full entitlement.
The company said 247.9m shares were tendered under its share buy-back scheme announced in September.
Shareholders were offered the opportunity to sell their shares to the company on the basis of one tendered share for every 49 shares held. There was also the option to tender extra shares for repurchase, and the company said tenders received for surplus shares will be met at the rate of 0.00461258147999742 shares for each surplus share tendered.
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Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.
MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.
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Average UK house price reaches £300,000 for first time, Halifax saysWhile the average house price has topped £300k, regional disparities still remain, Halifax finds.
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Barings Emerging Europe trust bounces back from Russia woesBarings Emerging Europe trust has added the Middle East and Africa to its mandate, delivering a strong recovery, says Max King
