13th Dec 2006 07:03
Merrill Lynch International PLC13 December 2006 THIS ANNOUNCEMENT IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO THEUNITED STATES, CANADA, JAPAN OR AUSTRALIA. 13 December 2006 Stabilisation notice MirLand Development Corporation Plc (the "Company")Placing (the "Placing") of 30,000,000 Ordinary Shares of nominal value US$ 0.01each of the Company (the "Ordinary Shares") at a Placing Price of 478 pence per Ordinary Share (with over-allotment arrangements in respect of up to 15% of Ordinary Shares) Merrill Lynch International notifies you that it is the stabilising manager inrespect of the Placing announced on 13 December 2006 and may conduct stabilisingactivities in relation to the Ordinary Shares in connection with the abovetransaction. Merrill Lynch International confirms the following: 1. The securities to be stabilised are the Ordinary Shares (ISIN:CY0100141015) referred to above. There are no associated instruments that aresubject to stabilisation; 2. The stabilising manager is Merrill Lynch International (Contact: MarkGwynne; Telephone: 020 7995 3700); 3. Stabilisation transactions may occur during the stabilisation period,which is expected to commence at 8.00 am on 13 December 2006 and will end on 12January 2007; 4. The issue price of the Ordinary Shares (the "Issue Price") is 478pence per Ordinary Share; 5. In connection with the Placing, Merrill Lynch International, asstabilising manager, has entered into over-allotment arrangements with theCompany, pursuant to which Merrill Lynch International may acquire, or procureacquirors for, up to 15% of Ordinary Shares at the Placing Price, for thepurpose of allowing Merrill Lynch International to meet over-allocations inconnection with the Placing and to cover short positions resulting from saleseffected by it during the stabilisation period. This announcement is for information purposes only and does not constitute aninvitation or offer to underwrite, subscribe for or otherwise acquire or disposeof any securities of the Company in any jurisdiction. This announcement is not an offer of securities for sale into the United States.The securities referred to above have not been, and will not be, registeredunder the United States Securities Act of 1933 and may not be offered or sold inthe United States absent registration or an exemption from registration. Therehas not been and will not be a public offer of the securities in the UnitedStates. Merrill Lynch International, which is authorised and regulated in the UnitedKingdom by the Financial Services Authority, is acting exclusively for theCompany and no-one else in connection with the Offering. It will not regard anyother person as its clients in relation to the Offering and will not beresponsible to anyone other than the Company for providing the protectionsafforded to its client, nor for providing advice in relation to the Offering,the contents of this announcement or any transaction, arrangement or othermatter referred to herein. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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