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24 Dec 2008 08:46
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24Β DecemberΒ 2008
MirLand Development Corporation plc
(theΒ 'Company')
MirLand Development Corporation plc, one of Russia's leading residential and commercial property developers, announces thatΒ Jerusalem Economy Ltd,Β formerly known as Jerusalem EconomicΒ Corporation Ltd.,Β ("JEC")Β hasΒ acquiredΒ additionalΒ shares in the Company as set out below.
|
Date of notification |
Date of acquisition |
Number of ordinary sharesΒ |
Average priceΒ |
|
21/12/2008 |
18/12/2008 |
258,000 |
Β£0.36 |
|
21/12/2008 |
19/12/2008 |
105,000 |
Β£0.37 |
Following theΒ transactions set out above,Β JECΒ is interested inΒ 29,796,868Β ordinary shares in the Company, representingΒ 28.77%Β of the Company's entireΒ issued share capital.Β
Mr EyalΒ 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 JECΒ which holdsΒ an interest inΒ approximately 28.33%Β ofΒ the Company. JEC also holds an interest of approximately 65% in Industrial Buildings Corporation Ltd ("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 76% 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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