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Holding(s) in Company

2nd Oct 2012 17:20

RNS Number : 7639N
Mirland Development Corporation PLC
02 October 2012
 



02 October 2012

MirLand Development Corporation plc

("MirLand" or the "Company")

Notification of Interests

MirLand, one of Russia's leading residential and commercial property developers, announces that it was notified on 2 October 2012 that Darban Investments Ltd ("Darban") (a company controlled by Mr Eliezer Fishman, a non-executive director of the Company) purchased 4,500 and 5,222 ordinary shares in MirLand on 27 September and 28 September 2012 respectively, at an average price of £1.20 per ordinary share on both days.

Following this transaction, Darban is interested in 14,927,575 ordinary shares in the Company, representing approximately 14.42% of the Company's entire issued share capital.

Mr Eyal Fishman, a non-executive director of the Company, holds a 15.8% equity interest in two companies which, through various intermediate companies, hold an effective interest of approximately 78% of Jerusalem Economy Ltd. ("JEC"), which holds a legal and beneficial interest in approximately 30.47% of the Company.

Mr Eliezer Fishman and his wife Tova Fishman together hold approximately 53% of the intermediate companies referred to above and which hold an effective interest of approximately 78% of JEC.

Darban, together with JEC and Industrial Buildings Corporation Ltd (a company controlled by Mr Eliezer Fishman), effectively hold a legal and beneficial interest in approximately 85.4% of the Company's entire issued share capital.

 

For further information, please visit www.mirland-development.com, or contact:

 

MirLand Development Corporation plc

Roman Rozental

[email protected]

 

+7 495 787 49 62

+7 499 130 31 09

 

FTI Consulting

Dido Laurimore / Will Henderson

 

+44 20 7831 3113

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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