Dragon-Ukrainian Prop. & Dev. PLC Holding(s) in Company (5742L)

TIDMDUPD

RNS Number : 5742L

Dragon-Ukrainian Prop. & Dev. PLC

30 April 2020

30 April 2020

Dragon-Ukrainian Properties & Development plc

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

Major shareholdings

Director/PDMR shareholding

Company update

The Company received notification on 30 April 2020 from Dragon Capital Investments Limited (which, together with the Company's Investment Manager, DCM Limited, is a part of the Dragon Capital Group) that, on 29 April 2020 and 30 April 2020, Dragon Capital acquired a total of 25,831,799 ordinary shares in the Company ("Ordinary Shares") at a price of 10 pence per Ordinary Share.

Following these share purchases, Dragon Capital Group now holds 91,339,262 Ordinary Shares, representing approximately 83.52% of the issued share capital of the Company.

As such, with reference to the Company's announcement of 20 April 2020 in relation to the proposed cancellation of admission of the Ordinary Shares to trading on AIM (the "Cancellation"), the Company notes that, given the Dragon Capital Group's stated intention to vote in favour of the Cancellation resolution at the Company's extraordinary general meeting convened for 6 May 2020 (the "EGM"), and given that the Dragon Capital Group now holds an interest in Ordinary Shares representing more than 75% of the Company's issued share capital, the Dragon Capital Group is now in a position to pass the Cancellation.

In addition, the Company received notification on 30 April 2020 from Lars Ernest Bader that, on 29 April 2020, Lars Ernest Bader sold a total of 18,189,989 Ordinary Shares at a price of 10 pence per Ordinary Share and, on 30 April 2020, Lars Ernest Bader sold a total of 7,641,810 Ordinary Shares at a price of 10 pence per Ordinary Share, following which Lars Ernest Bader no longer holds interests in any Ordinary Shares.

The Company also confirms that the Company will not be in a position to publish its final results for the year ended 31 December 2019 prior to the EGM, given that the results are currently only at a preliminary stage of review with the Company's auditors. However, for the avoidance of doubt, the Company expects the results to show no significant changes to either the valuations of its property investments, or its cash balance, between 30 June 2019 and 31 December 2019, nor any changes to the portfolio composition over that period, and, as stated in the announcement of 20 April 2020, the Company has no clarity on when any of its remaining assets will be disposed of.

Tomas Fiala, one of the Company's directors, is the principal shareholder and managing director of Dragon Capital. Notification is required under Article 19 of the Regulation (EU) No 596/2014 as the Dragon Capital Group is a person closely associated with Tomas Fiala.

For further information, please contact:

 
Dragon - Ukrainian Properties & Development plc ( www.dragon-upd.com 
 ) 
Mark Iwashko (Chairman)                          [phone] 
 
DCM Limited (Investment Manager) 
Volodymyr Tymochko                               + 380 (44) 490 7120 
 
Panmure Gordon (UK) Limited (Nominated 
 Adviser) 
Atholl Tweedie                                   [phone] 
 

Notification and public disclosure of transactions by persons discharging managerial responsibilities ("PDMRs") and persons closely associated ("PCAs") with them.

 
 1    Details of the person discharging managerial responsibilities 
       / person closely associated 
 a)   Names                          Dragon Capital Investments 
                                      Limited 
     -----------------------------  ---------------------------------- 
 2    Reason for the notification 
     ----------------------------------------------------------------- 
 a)   Position/status                PCA of Tomas Fiala, Non-executive 
                                      director of Dragon-Ukrainian 
                                      Properties & Development plc 
     -----------------------------  ---------------------------------- 
 b)   Initial notification           Initial Notification 
       /Amendment 
     -----------------------------  ---------------------------------- 
 3    Details of the issuer, emission allowance market 
       participant, auction platform, auctioneer or auction 
       monitor 
     ----------------------------------------------------------------- 
 a)   Name                           Dragon-Ukrainian Properties 
                                      & Developments plc 
     -----------------------------  ---------------------------------- 
 b)   LEI                            213800NH37XZ8YVXF913 
     -----------------------------  ---------------------------------- 
 4    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   Ordinary Shares of 1 pence 
       instrument, type of            each 
       instrument 
     -----------------------------  ---------------------------------- 
 b)   Identification code            IM00B1XH2B90 
     -----------------------------  ---------------------------------- 
 c)   Nature of the transactions     Purchase of shares 
     -----------------------------  ---------------------------------- 
 d)   Price(s) and volume(s)          Price(s)    Volume(s) 
                                       10 pence    18,189,989 
     -----------------------------  ---------------------------------- 
 e)   Aggregated information         NA - single transaction 
       - Aggregated volume 
       - Price 
     -----------------------------  ---------------------------------- 
 f)   Date of the transactions       29 April 2020 
     -----------------------------  ---------------------------------- 
 g)   Place of the transaction       London Stock Exchange 
     -----------------------------  ---------------------------------- 
 
 
 1    Details of the person discharging managerial 
       responsibilities / person closely associated 
 a)   Names                        Dragon Capital Investments 
                                    Limited 
     ---------------------------  ---------------------------------- 
 2    Reason for the notification 
     --------------------------------------------------------------- 
 a)   Position/status              PCA of Tomas Fiala, Non-executive 
                                    director of Dragon-Ukrainian 
                                    Properties & Development plc 
     ---------------------------  ---------------------------------- 
 b)   Initial notification/        Initial Notification 
       Amendment 
     ---------------------------  ---------------------------------- 
 3    Details of the issuer, emission allowance market 
       participant, auction platform, auctioneer or auction 
       monitor 
     --------------------------------------------------------------- 
 a)   Name                         Dragon-Ukrainian Properties 
                                    & Developments plc 
     ---------------------------  ---------------------------------- 
 b)   LEI                          213800NH37XZ8YVXF913 
     ---------------------------  ---------------------------------- 
 4    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           Ordinary Shares of 1 pence 
       financial instrument,        each 
       type of instrument 
     ---------------------------  ---------------------------------- 
 b)   Identification code          IM00B1XH2B90 
     ---------------------------  ---------------------------------- 
 c)   Nature of the transactions   Purchase of shares 
     ---------------------------  ---------------------------------- 
 d)   Price(s) and volume(s)        Price(s)    Volume(s) 
                                     10 pence    1,000,000 
                                     10 pence    1,000,000 
                                     10 pence    1,000,000 
                                     10 pence    1,000,000 
                                     10 pence    1,000,000 
                                     10 pence    1,000,000 
                                     10 pence    1,000,000 
                                     10 pence    641,810 
     ---------------------------  ---------------------------------- 
 e)   Aggregated information         Price(s)    Volume(s) 
       - Aggregated volume            10 pence    7,641,810 
       - Price 
     ---------------------------  ---------------------------------- 
 f)   Date of the transactions     30 April 2020 
     ---------------------------  ---------------------------------- 
 g)   Place of the transaction     London Stock Exchange 
     ---------------------------  ---------------------------------- 
 

Name of authorised official of issuer responsible for making notification:

Oleg Laska

Chief Financial Officer of DCM Limited

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [e-mail] or visit www.rns.com.

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