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Amendment to Shelf Prospectus

1 Jul 2013 11:52

RNS Number : 2760I
Mirland Development Corporation PLC
01 July 2013
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1 July 2013

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MirLand Development Corporation plc

("MirLand" or the "Company")

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Amendment to Shelf Prospectus

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MirLand, one of Russia's leading residential and commercial property developers, announces, further to its announcement of 26 June 2013, thatΒ it has filed a request with the Israeli Securities Authority and the Tel Aviv Stock Exchange in order to amend its Shelf Prospectus.

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This Shelf Prospectus amendment will enable MirLand to issue up to a further NIS 200 million (approximately USD 55 million) of new bonds should the Board deem any such issue beneficial to the Company. There is no obligation to issue bonds now or in the future, but this action will give MirLand additional flexibility to react quickly to changing market conditions and opportunities.

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For further information, please visitΒ www.mirland-development.com, or contact:

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MirLand Development Corporation plcΒ 

Roman Rozental

roman@mirland-development.com

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+7 495 787 49 62

+7 499 130 31 09

FTI Consulting

Dido Laurimore / Will Henderson

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+44 20 7831 3113

Investec Bank plc

Jeremy Ellis / David Anderson

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+44 20 7597 4000

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This information is provided by RNS
The company news service from the London Stock Exchange
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