9 Sep 2016 10:48
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
The notification below is made in accordance with the requirements of the EU Market Abuse Regulation
1. | Details of PDMR/person closely associated with them (PCA) | ||||||
(a) | Name | Lev Leviev | |||||
(b) | Position/status | Director (Executive Chairman) | |||||
(c) | Initial notification/ amendment | Initial Notification | |||||
2. | Details of the issuer | ||||||
a) | Name | AFI Development PLC | |||||
3. | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | ||||||
(a) | Description of the financial instrument | GDRs of US$0.001 each B ordinary shares of US$0.001 each | |||||
(b) | Nature of the transaction | 1. Purchase of securities. Acquisition from Africa Israel Investments Ltd of: 336,948,796 GDRs; and 342,799,658 B ordinary shares 2. Grant of call option to Africa Israel Investments Ltd. in respect of 51,933,807 GDRs and 52,835,598 B ordinary shares Flotonic Limited, the acquiror of the above GDRs and B ordinary shares and which is indirectly owned and controlled as to 100% by Mr Leviev, has granted a pledge in respect of 336,948,796 GDRs and 342,799,658 B ordinary shares in connection with the financing of the above purchase of securities | |||||
(c) | Price(s) and volume(s) | Price(s) | Volume(s) | ||||
PURCHASE | NIS 0.80912284 per GDR | 336,948,796 GDRs | |||||
PURCHASE | NIS 0.80912284 per B ordinary share | 342,799,658 B ordinary shares | |||||
CALL OPTION | US$0.216 per GDR US$0.295 per B ordinary share | 51,933,807 GDRs 52,835,598 B ordinary shares | |||||
(d) | Aggregated information Aggregated volume Price | Total consideration NIS 550,000,000 for 679,748,454 securities in AFI Development PLC | |||||
(e) | Date of the transaction | 2016-09-07 (Israel Daylight Time) | |||||
(f) | Place of the transaction | Outside a trading venue | |||||