Raven Russia Ltd. proposed to pay a final distribution for the 2017 full year amounting to 3 pence per share, up from the 1 pence per share distributed for the six months ended June 30, 2017.
The amount will be paid through a tender offer buy back of 1 share in every 17 priced at 52 pence apiece.
Raven, which noted a 50% year-over-year incline in its final distribution from 2 pence per share, said the total distribution in 2017 aggregates to 4 pence, reflecting a 60% climb over the prior year's 2.5 pence per share.
