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15 Oct 2008 12:57
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15Β October 2008
MirLand Development Corporation plc
(theΒ 'Company')
MirLand Development Corporation plc, one ofΒ Russia's leading residential and commercial property developers, announces thatΒ Industrial Buildings Corporation Ltd ("IBC") hasΒ acquiredΒ additionalΒ shares in the Company as set out below.
|
Date of notification |
Date of acquisition |
Number of ordinary sharesΒ |
Average Price (Β£) |
|
13/10/2008 |
07/10/2008 |
1,570 |
Β£1.46 |
|
13/10/2008 |
08/10/2008 |
4,594,977 |
Β£1.25 |
|
13/10/2008 |
10/10/2008 |
59,626 |
Β£0.89 |
Following the transactions set out above, IBC is interested inΒ 34,383,764Β ordinary shares in the Company, representingΒ 33.20%Β of the Company's entireΒ issued share capital.Β
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 approximately [28.33]%Β ofΒ the CompanyΒ . JEC also holds an interest of approximately 65%.Β 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.
IBC,Β together with JECΒ and Darban Investments Ltd. (a company controlled by Mr Eliezer Fishman),Β effectively hold anΒ interest inΒ approximately 75% of the Company.
For further information, please visitΒ www.mirland-development.com, or contact:
|
MirLand Development Corporation plcΒ Roman Rozental roman@mirland-development.com |
+7 499 130 31 09 |
|
Financial DynamicsΒ Dido Laurimore / Rachel Drysdale dido.laurimore@fd.com / rachel.drysdale@fd.com |
+44 20 7831 3113 |
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