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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Afi Development Plc | LSE:AFRB | London | Ordinary Share | CY0101380612 | B ORD USD0.001 |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.379 | 0.378 | 0.38 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMAFRB TIDMAFID
RNS Number : 4400J
AFI Development PLC
09 September 2016
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
The notification below is made in accordance with the requirements of the EU Market Abuse Regulation
1. Details of PDMR/person closely associated with them (PCA) ---- ----------------------------------------------------------------------------------------------------------------- (a) Name Lev Leviev ---- ------------------------------------- -------------------------------------------------------------------------- (b) Position/status Director (Executive Chairman) ---- ------------------------------------- -------------------------------------------------------------------------- (c) Initial notification/ amendment Initial Notification ---- ------------------------------------- -------------------------------------------------------------------------- 2. Details of the issuer ---- ----------------------------------------------------------------------------------------------------------------- a) Name AFI Development PLC ---- --------------------------------- ------------------------------------------------------------------------------ 3. Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted ---- ----------------------------------------------------------------------------------------------------------------- (a) Description of the financial GDRs of US$0.001 each instrument B ordinary shares of US$0.001 each ---- ----------------------------------- ---------------------------------------------------------------------------- (b) Nature of the transaction 1. Purchase of securities. Acquisition from Africa Israel Investments Ltd of: 336,948,796 GDRs; and 342,799,658 B ordinary shares 2. Grant of call option to Africa Israel Investments Ltd. in respect of 51,933,807 GDRs and 52,835,598 B ordinary shares Flotonic Limited, the acquiror of the above GDRs and B ordinary shares and which is indirectly owned and controlled as to 100% by Mr Leviev, has granted a pledge in respect of 336,948,796 GDRs and 342,799,658 B ordinary shares in connection with the financing of the above purchase of securities (c) Price(s) and volume(s) Price(s) Volume(s) ---- ----------------------------------- --- --------------------------------- ---------------------------------- PURCHASE NIS 0.80912284 per GDR 336,948,796 GDRs ---- ----------------------------------- --- --------------------------------- ---------------------------------- PURCHASE NIS 0.80912284 per B ordinary 342,799,658 B ordinary shares share ---- ----------------------------------- --- --------------------------------- ---------------------------------- CALL OPTION US$0.216 per GDR 51,933,807 GDRs US$0.295 per B ordinary share 52,835,598 B ordinary shares ---- ----------------------------------- --- --------------------------------- ---------------------------------- (d) Aggregated information Aggregated Total consideration NIS 550,000,000 for 679,748,454 securities in AFI volume Price Development PLC (e) Date of the transaction 2016-09-07 (Israel Daylight Time) ---- ----------------------------------- ---------------------------------------------------------------------------- (f) Place of the transaction Outside a trading venue ---- ----------------------------------- ----------------------------------------------------------------------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
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(END) Dow Jones Newswires
September 09, 2016 05:48 ET (09:48 GMT)
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