MLD.L Regulatory News (MLD)

3 Jan 2007 16:30

Mirland Development Corporation PLC03 January 2007 MirLand Development Corporation Plc - Exercise of over-allotment option THIS ANNOUNCEMENT IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO THEUNITED STATES, CANADA, JAPAN OR AUSTRALIA OR ANY OTHER JURISDICTION IN WHICHSUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL. MirLand Development Corporation Plc announces exercise of over-allotment option 3 January 2007 MirLand Development Corporation Plc (the "Company") announces that, inconnection with its initial public offering of ordinary shares (the "Placing"),Merrill Lynch International, as stabilising manager, has today given notice thatit is exercising the over-allotment option in respect of 3,558,000 ordinaryshares in the Company (the "Over-allotment Shares"). The Over-allotment Shares will be issued at the offer price of 478 pence perOver-allotment Share (the "Offer Price"). This announcement is for information purposes only and does not constitute aninvitation or offer to underwrite, subscribe for or otherwise acquire or disposeof any securities of the Company in any jurisdiction. This announcement is not an offer of securities for sale into the United States.The securities referred to above have not been, and will not be, registeredunder the United States Securities Act of 1933 and may not be offered or sold inthe United States absent registration or an exemption from registration. Therehas not been and will not be a public offer of the securities in the UnitedStates. Merrill Lynch International, which is authorised and regulated in the UnitedKingdom by the Financial Services Authority, is acting exclusively for theCompany and no-one else in connection with the Placing. It will not regard anyother person as its clients in relation to the Placing and will not beresponsible to anyone other than the Company for providing the protectionsafforded to its client, nor for providing advice in relation to the Placing, thecontents of this announcement or any transaction, arrangement or other matterreferred to herein. This information is provided by RNS The company news service from the London Stock Exchange