Mirland Development Corporation PLC Holding(s) in Company (4060Z)

TIDMMLD

RNS Number : 4060Z

Mirland Development Corporation PLC

10 December 2014

10 December 2014

MirLand Development Corporation plc

("MirLand" or the "Company")

Notification of Interests

MirLand, one of Russia's leading residential and commercial property developers, announces that it was notified on December 10, 2014 that, on 9 December 2014, Darban Investments Ltd ("Darban") (a company controlled by Mr Eliezer Fishman, a non-executive director of the Company) purchased 3,000 ordinary shares of MirLand at a price of GBP1.31 per ordinary share.

Following this transaction, Darban is interested in 15,746,405 ordinary shares in the Company, representing approximately 15.2% of the Company's entire issued share capital.

Mr Eyal 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 77% of Jerusalem Economy Ltd. ("JEC"), which holds a legal and beneficial interest in approximately 30.47% of the Company.

Mr Eliezer Fishman and his wife Tova Fishman together hold approximately 53% of the intermediate companies referred to above and which hold an effective interest of approximately 77% of JEC.

Darban, together with JEC and Industrial Buildings Corporation Ltd (a company controlled by Mr Eliezer Fishman), effectively hold a legal and beneficial interest in approximately 85.9% of the Company's entire issued share capital.

For further information, please visit www.mirland-development.com, or contact:

 
 MirLand Development Corporation    [phone] 
  plc                                62 
  Roman Rozental                     [phone] 
  [e-mail]      09 
 FTI Consulting 
  Dido Laurimore / Nick Taylor      [phone] 
 

This information is provided by RNS

The company news service from the London Stock Exchange

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