Raven Mount says court approves sale of Russian property fund management ops

Date : 09/22/2008 @ 6:03AM
Source : TFN
Stock : Raven Mount (RAV)
Quote : 29.5  -4.75 (-13.87%) @ 4:39AM
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Raven Mount says court approves sale of Russian property fund management ops

        LONDON (Thomson Financial) - Raven Mount Plc. said the disposal of the
company's Russian property fund management business was approved at both the
Court meeting and the general meeting held earlier Monday. 
    The company said resolutions were duly passed with the requisite majorities
at the relevant meetings, with over 90 million shares voted in relation to the
resolutions representing over 99.9 percent of votes cast in favour of the
resolutions. 
    The company added that it expects to cancel Raven Mount's existing AIM
listing on Oct. 15. The company said the admission to AIM and first dealings in
the residual Raven Mount business will start from Nov. 4.
tfn.newsdesk@thomson.com
net/slm

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