Dragon-Ukrainian Prop. & Dev. PLC Clarification on closing date (3256M)

TIDMDUPD

RNS Number : 3256M

Dragon-Ukrainian Prop. & Dev. PLC

27 July 2017

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION

27 July 2017

Dragon-Ukrainian Properties & Development plc

("DUPD" or the "Company" and together with its subsidiaries, the "Group")

Clarification on closing date

On 25 July 2017 DUPD announced its update on the board recommendation including details on the extended closing date. DUPD would like to clarify that, in the event DCI acquires or agrees to acquire, by virtue of its shareholding and acceptances of the Offer, issued share capital carrying 75 per cent. or more of the voting rights of DUPD by 1.00p.m. on 1 August 2017, DCI will procure that DUPD applies for cancellation of trading in DUPD Shares on AIM and, notwithstanding its statement in the First Closing Date Announcement that the Offer will not be extended beyond the Closing Date, DCI will make a further announcement by RNS on 1 August 2017 to update DUPD Shareholders on the level of acceptances and will keep the Offer open for acceptances for a further seven days until 1.00p.m. on 8 August 2017 (the "Extended Closing Date").

In the event that DCI does not acquire or agree to acquire, by virtue of its shareholding and acceptances of the Offer, issued share capital carrying 75 per cent. or more of the voting rights of DUPD by 1.00p.m. on 1 August 2017 then the Offer will not be extended.

Contacts:

 
Dragon - Ukrainian Properties & Development plc 
 (www.dragon-upd.com) 
Mark Iwashko (Chairman)                     [phone] 
 
Panmure Gordon (UK) Limited 
Richard Gray / Andrew Potts (Nomad 
 & Broker) 
 Karri Vuori / James Greenwood (Financial   [phone] 
 Adviser)                                    2500 
 

Panmure Gordon (UK) Limited, which is authorised and regulated in the United Kingdom by the Financial Conduct Authority, is acting exclusively for DUPD and the Independent Directors and no one else in connection with the Possible Offer and will not be responsible to anyone other than DUPD and the Independent Directors for providing the protections afforded to its clients or for providing advice in relation to the Offer or any other matters referred to herein.

This information is provided by RNS

The company news service from the London Stock Exchange

END

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July 27, 2017 09:19 ET (13:19 GMT)