11th Oct 2016 13:03
11 October 2016
MirLand Development Corporation PLC
(the "Company")
Court Approval of the Settlement Plan
Further to the announcement on 19 August 2016 and 15 September 2016, the Company announces the District Court of Paphos (Cyprus) has today approved the Settlement Plan.
The Settlement Plan still remains conditional upon other conditions precedence, amongst another things, TASE approval and ISA approval which are yet to be satisfied.
The Board continues to work with its advisers to deliver the Settlement Plan. There might be some changes in the timetable set out in the circular posted to shareholders of the Company on 19 August 2016.
Further announcements will be made in due course.
For further information, please contact:
MirLand Development Corporation plc Roman Rozental |
+7 495 787 49 62 +7 499 130 31 09 |
FTI Consulting Dido Laurimore / Tom Gough / Ellie Sweeney |
+44 20 7327 1000 |
Investec Bank plc Jeremy Ellis / David Anderson |
+44 20 7597 4000 |
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