6th Jun 2012 07:00
THIS ANNOUNCEMENT IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION
IN OR INTO THE RUSSIAN FEDERATION, THE UNITED STATES, CANADA, AUSTRALIA OR JAPAN
6 June 2012
Notification by COMPANY TO RIS of transactions by Persons Discharging Managerial Responsibility and Connected Persons
All relevant boxes should be completed in block capital letters.
1. | Name of the issuer
AFI DEVELOPMENT PLC | 2. | State whether the notification relates to (i) a transaction notified in accordance with DTR 3.1.2 R, (ii) a disclosure made in accordance with section 793 of the Companies Act (2006); or (iii) a disclosure made in accordance with paragraph 26 of the Model Code.
(I) A TRANSACTION NOTIFIED IN ACCORDANCE WITH DTR 3.1.2 R |
3. | Name of person discharging managerial responsibilities/director
MR. LEV LEVIEV, DIRECTOR
| 4. | State whether notification relates to a person connected with a person discharging managerial responsibilities/director named in 3 and identify the connected person
NOTIFICATION RELATES TO AFRICA ISRAEL INVESTMENTS LTD INCORPORATED IN ISRAEL, WHOSE REGISTERED ADDRESS IS AT: 4 DERECH HACHORESH, YEHUD 56470, ISRAEL, A "CONNECTED PERSON" TO MR. LEV LEVIEV. |
5. | Indicate whether the notification is in respect of a holding of the person referred to in 3 or 4 above or in respect of a non-beneficial interest: THE HOLDING OF AFRICA ISRAEL INVESTMENTS LTD
| 6. | Description of shares (including class), debentures or derivatives or financial instruments relating to shares
GDRS IN AFI DEVELOPMENT PLC B ORDINARY SHARES OF USD 0.001 EACH IN AFI DEVELOPMENT PLC
|
7. | Name of registered shareholders(s) and, if more than one, the number of shares held by each of them
BNY (NOMINEES) LIMITED FOR GDRS IN AFI DEVELOPMENT PLC CAPITA REGISTRARS (GUERNSEY) LIMITED FOR B ORDINARY SHARES IN AFI DEVELOPMENT PLC
| 8 | State the nature of the transaction
PURCHASE OF SECURITIES |
9. | Number of shares, debentures or financial instruments relating to shares acquired
3,202,445 GDRS 9,053,307 B ORDINARY SHARES
| 10. | Percentage of issued class acquired (treasury shares of that class should not be taken into account when calculating percentage)
GDRS - 0.61% B ORDINARY SHARES - 1.73%. |
11. | Number of shares, debentures or financial instruments relating to shares disposed N/A | 12. | Percentage of issued class disposed (treasury shares of that class should not be taken into account when calculating percentage) N/A
|
13. | Price per share or value of transaction
GDRS - USD 0.50 PER GDR
B ORDINARY SHARES - USD 0.50 PER SHARE
| 14. | Date and place of transaction
1st OF JUNE, 2012 ISRAEL |
15. | Total holding following notification and total percentage holding following notification (any treasury shares should not be taken into account when calculating percentage)
TOTAL HOLDING: 336,948,796 GDRS WHICH, WHEN ROUNDED DOWN TO THE NEAREST WHOLE NUMBER, EQUALS 64%.
342,799,658 B ORDINARY SHARES WHICH, WHEN ROUNDED DOWN TO THE NEAREST WHOLE NUMBER, EQUALS 65%. | 16. | Date issuer informed of transaction
6TH OF JUNE, 2012 |
17 | Date of grant
N/A | 18. | Period during which or date on which exercisable
N/A |
19. | Total amount paid (if any) for grant of the option
N/A | 20. | Description of shares or debentures involved (class and number)
N/A
|
21. | Exercise price (if fixed at time of grant) or indication that price is to be fixed at the time of exercise
N/A | 22. | Total number of shares or debentures over which options held following notification
N/A |
23. | Any additional information
| 24. | Name of contact and telephone number for queries
Ilya Kutnov +7 495 796 9988 |
Notes: This form is intended for use by an issuer to make a RIS notification required by DTR 3.1.4.
(1) An issuer making a notification in respect of a transaction relating to the shares or debentures of the issuer should complete boxes 1 to 16, 23 and 24.
(2) An issuer making a notification in respect of a derivative relating the shares of the issuer should complete boxes 1 to 4, 6, 8, 13, 14, 16, 23 and 24.
(3) An issuer making a notification in respect of options granted to a director/person discharging managerial responsibilities should complete boxes 1 to 3 and 17 to 24. (4) An issuer making a notification in respect of a financial instrument relating to the shares of the issuer (other than a debenture) should complete boxes 1 to 4, 6, 8, 9, 11, 13, 14, 16, 23 and 24.
- ENDS -
For further information, please contact:
AFI Development, +7 495 796 9988
Alexander Adadurov
Ilya Kutnov
Citigate Dewe Rogerson, London+44 20 7638 9571
David Westover
Sean Bride
About AFI Development
AFI Development is one of the leading real estate development companies operating in Russia. Established in 2001, AFI Development is a publicly traded subsidiary of Africa Israel Investments Ltd.
AFI Development is listed on the Main Market of the London Stock Exchange and aims to deliver shareholder value through a commitment to innovation and continuous project development, coupled with the highest standards of design, construction, and quality and customer service.
AFI Development focuses on developing and redeveloping high quality commercial and residential real estate assets across Russia, with Moscow being its main market. The Company's existing portfolio comprises commercial projects focused on offices, shopping centers, hotels and mixed-use properties, and residential projects. AFI Development's strategy is to sell the residential properties it develops and to either lease the commercial properties or sell them for a favorable return.
AFI Development is a leading force in urban regeneration, breathing new life into city squares and neighborhoods and transforming congested and underdeveloped areas into thriving new communities. The Company's long-term, large-scale regeneration and city infrastructure projects establish the necessary groundwork for the successful launch of commercial and residential properties, providing a strong base for future.
Related Shares:
AFRB.L