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3 Oct 2008 17:50
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3Β 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 LtdΒ ("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£) |
|
2/10/2008 |
29/09/2008 |
1,000 |
Β£2.01 |
|
2/10/2008 |
30/09/2008 |
21,564 |
Β£1.99 |
|
2/10/2008 |
01/10/2008 |
3,100 |
Β£1.90 |
Following the transactions set out above, IBC is interested inΒ 29,720,591Β ordinary shares in the Company, representingΒ 28.70%Β itsΒ issued share capital.Β
Β
Mr Eyal Fishman, a non-executive director of the Company,Β 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 LtdΒ ("JEC"). JEC also holds an interest of approximately 65% in IBCΒ which holds approximately 28% of MirLand.Β Mr Eliezer Fishman, a non-executive director of theΒ Company,Β 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.
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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