15th Oct 2008 12:57
15 October 2008
MirLand Development Corporation plc
(the 'Company')
MirLand Development Corporation plc, one of Russia's leading residential and commercial property developers, announces that Industrial Buildings Corporation Ltd ("IBC") has acquired additional shares in the Company as set out below.
|
Date of notification |
Date of acquisition |
Number of ordinary shares |
Average Price (£) |
|
13/10/2008 |
07/10/2008 |
1,570 |
£1.46 |
|
13/10/2008 |
08/10/2008 |
4,594,977 |
£1.25 |
|
13/10/2008 |
10/10/2008 |
59,626 |
£0.89 |
Following the transactions set out above, IBC is interested in 34,383,764 ordinary shares in the Company, representing 33.20% 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 73% of Jerusalem Economic Corporation Ltd ("JEC") which holds an interest in approximately [28.33]% of the Company . JEC also holds an interest of approximately 65%. in IBC . 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.
IBC, together with JEC and Darban Investments Ltd. (a company controlled by Mr Eliezer Fishman), effectively hold an interest in approximately 75% of the Company.
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