1st Sep 2008 18:01
1 September 2008
MirLand Development Corporation plc
(the 'Company')
MirLand Development Corporation plc, one of Russia's leading residential and commercial property developers, announces that Jerusalem Economic Corporation Ltd. ("JEC") has acquired shares in the Company as set out below.
|
Date of notification |
Date of acquisition |
Number of ordinary shares |
Average Price (£) |
|
26/08/2008 |
26/08/2008 |
7,996 |
2.51 |
|
27/08/2008 |
27/08/2008 |
34,672 |
2.44 |
|
28/08/2008 |
28/08/2008 |
15,829 |
2.37 |
|
29/08/2008 |
29/08/2008 |
30,406 |
2.28 |
Following the transactions set out above, JEC is interested in 29,063,820 ordinary shares in the Company, representing 28.07% of the 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 73% of JEC. JEC also holds an interest of approximately 65% in IBC which holds approximately 28% of MirLand. Mr Eliezer Fishman, a non-executive director of the Company, and his wife Tova Fishman together hold approximately 53% of the intermediate companies referred to above and which hold an effective interest of approximately 73% of JEC.
For further information, please visit www.mirland-development.com, or contact:
|
MirLand Development Corporation plc Roman Rozental |
+7 499 130 31 09 |
|
Financial Dynamics Dido Laurimore / Rachel Drysdale |
+44 20 7831 3113 |
Related Shares:
MLD.L