May 16, 2017 / 4:16 PM / 3 months ago

BRIEF-Raven Russia announces proposed placing

May 16 (Reuters) - Raven Russia Ltd:

* Announces proposals to raise about £100 million by way of placing of new convertible preference shares (rusc) at placing price of 114p per share

* Says firm commitments received from existing institutional investors (Woodford, Iaml, Old Mutual And Brooks Macdonald) and company's EBT Source text for Eikon: Further company coverage: (Bangalore.newsroom@thomsonreuters.com)

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