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21 Dec 2010 12:34
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21 December 2010
MirLand Development Corporation plc
("MirLand" or theΒ "Company")
Β
Notification of Interests
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MirLand, one ofΒ Russia's leading residential and commercial property developers, announces that it received notification on 19 December 2010 that Industrial Buildings Corporation Ltd ("IBC") acquired 77,449 ordinary shares in the Company at Β£2.73 per ordinary share on 17 December 2010.
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Following the acquisition, IBC is interested inΒ 38,080,200 shares in the Company, representingΒ 36.77%Β of the Company's entireΒ issued share capital.
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Mr Eyal Fishman, a non-executive director of the Company, holds a 15.8% equity interest in two companies which, through various intermediate companies hold an effective interest of approximately 73% ofΒ Jerusalem Economic Corporation Ltd ("JEC")Β which holdsΒ an interest inΒ approximatelyΒ 29.55%Β ofΒ the Company. JEC also holds an interest of approximately 70.5% in IBC. Mr Eliezer Fishman, a non-executive director of the Company, and his wife Tova Fishman together hold approximately 53% of the intermediate companies referred to above and which hold an effective interest of approximately 73% of JEC.
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IBC,Β together with JECΒ and Darban Investments Ltd. (a company controlled by Mr Eliezer Fishman),Β effectively hold anΒ interest inΒ approximately 79.8% of the Company.
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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 Β | +7 495 787 49 62 +7 499 130 31 09 Β |
Financial DynamicsΒ Dido Laurimore / Will Henderson | +44 20 7831 3113 |
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