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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 |
From Apr 2019 to Apr 2024
TIDMMLD
RNS Number : 5831X
Mirland Development Corporation PLC
01 September 2015
1 September 2015
MirLand Development Corporation plc
("MirLand" or the "Company")
Potential Reduction of Beneficial Holding of Controlling Shareholder
MirLand, one of the leading international residential and commercial property developers in Russia, announces that it was informed on 30 August 2015 by the CEO of Jerusalem Economy Ltd. ("JEC") (a company which is controlled by Mr Eliezer Fishman ("Mr Fishman"), a non-executive director of the Company, and which also beneficially owns a majority holding in the Company) of the conditional sale by Bank Leumi to a company controlled by the Nakash family and its partners of debt owed by private companies controlled by Mr Fishman/his family which is secured over approximately 40% of the total issued share capital of JEC.
If the transaction completes, the Company understands that this will reduce the beneficial holding of Mr Fishman/his family in MirLand.
The Company will provide further updates in due course.
MirLand Development Corporation +7 495 787 49 plc 62 Roman Rozental +7 499 130 31 roman@mirland-development.com 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
HOLUAORRVVAWOUR
(END) Dow Jones Newswires
September 01, 2015 02:04 ET (06:04 GMT)
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