23 Nov 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
23 November 2012
NOTIFICATION OF TRANSACTION OF DIRECTORS, PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES OR CONNECTED PERSONS
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 LR 9.8.6R(1) or (iii) a disclosure made in accordance with section 793 of the Companies Act (2006)
This is a transaction notified in accordance with (i)
3. Name of the person discharging managerial responsibilities/director
Lev Leviev - Director
4. State whether notification relates to a person connected with a person discharging managerial responsibilities/director named paragraph 3 above and identify the connected person
This notification relates to the persons identified in paragraph 3 above
5. Indicate whether the notification is in respect of a holding of the person referred to in paragraphs 3 or 4 above or in respect of a non-beneficial interest
This notification relates to the persons identified in paragraph 3 above
6. Description of shares (including class), debentures or derivatives or financial instruments relating to shares
B ordinary shares of US$0.001 each
7. Name of registered shareholders and if, more than one, the number of shares held by each of them
N/A
8. State of the nature of the transaction
N/A
9. Number of shares, debentures or financial instruments relation to shares acquired
N/A
10. Percentage of issued class acquired (treasury shares of that call should not be taken into account when calculating percentage)
N/A
11. Number of shares, debentures or financial instruments relating to shares disposed
N/A
12. Percentage of issued class disposed (treasury shares of that call should not be taken into account when calculating percentage)
N/A
13. Price per share or valuation of transaction
N/A
14. Date and plate of transaction
N/A
15. Total holding following notification and total percentage following notification (any treasury shares of that call should not be taken into account when calculating percentage)
N/A
16. Date issuer informed of transaction
N/A
If a person discharging managerial responsibilities has been granted option by the issuer complete the following boxes
17. Date of grant
22 November 2012
18. Period during which or date on which exercisable
1/3 on the second anniversary of the grant
1/3 on the third anniversary of the grant
1/3 on the fourth anniversary of the grant
19. Total amount paid (if any) for grant of the option
Shareholder | Total amount paid |
Lev Leviev | 22 November / Nil |
20. Description of shares or debentures involved (class and number)
Shareholder | Number of B ordinary shares of US$0.001 each |
Lev Leviev | 31,430,822 |
21. Exercise price (if fixed at time of grant) or indication that price is to be fixed at the time of exercise
US$0.5667
22. Total number of shares or debentures over which options held following notification
Shareholder | Number of B ordinary shares of US$0.001 each |
Lev Leviev | 31,430,822 |
23. Any additional information
N/A
24. Name of contact and telephone number for queries
Mark Groysman, +7(495)7969988
Name and signature of duly authorised officer of issuer responsible for making notification
Mark Groysman, Executive Director
Date of notification
23 November 2012
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
Ilya Kutnov
Citigate Dewe Rogerson, London+44 20 7638 9571
David Westover
Reena MavjeeSandra Novakov
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.