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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Mirland Dev. | LSE:MLD | London | Ordinary Share | CY0100141015 | ORD USD0.01 |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 1.25 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMMLD
RNS Number : 0587T
Mirland Development Corporation PLC
14 July 2015
14 July 2015
MirLand Development Corporation plc
("MirLand" or the "Company")
Bonds update
Further to its announcement on 7 July 2015 (the "Announcement") regarding an application made to the Cypriot Court to sanction the convening of meetings of the Bondholders and shareholders of the Company to approve the Arrangement, the Company announces that, today, the Cypriot Court has approved the said application.
As described in the Announcement, an amendment to the application will be made to the Cypriot Court and once that amendment is sanctioned by the Cypriot Court, the Company will convene meetings of Bondholders and shareholders to approve the Arrangement.
If the Arrangement is approved by both the Bondholders and the shareholders, a further application to the Cypriot Court will be made to sanction the Arrangement. Once sanctioned by the Cypriot Court, the Arrangement will be binding on all Bondholders and shareholders.
Unless otherwise defined, capitalised terms in this announcement have the meaning given in the Announcement.
Further updates will be provided in due course.
MirLand Development Corporation plc Roman Rozental +7 495 787 49 62 roman@mirland-development.com +7 499 130 31 09 FTI Consulting Dido Laurimore / Ellie Sweeney/Tom Gough +44 20 3727 1000 Investec Bank plc Jeremy Ellis / David Anderson +44 20 7597 4000
This information is provided by RNS
The company news service from the London Stock Exchange
END
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