Mirland Development Corporation PLC Settlement Plan - Update (4963O)
07 11월 2016 - 7:31PM
UK Regulatory
TIDMMLD
RNS Number : 4963O
Mirland Development Corporation PLC
07 November 2016
7 November 2016
Mirland Development Corporation PLC
(the "Company")
Settlement Plan - Update
Further to the announcement on 11 October 2016, the Company
announces that as of the date of this announcement, all conditions
precedent to the Settlement Plan have been satisfied, except for
Tel Aviv Stock Exchange ("TASE") and Israel Securities Authority
approval for admission of the Company's securities to trading on
TASE (the "Approvals").
The Company also notes that although the increase of the
authorised share capital, which is one of the conditions precedent
to the Settlement Plan, has been approved by the shareholders of
the Company, it will only be satisfied prior to completion of the
Settlement Plan and upon the fulfillment of the outstanding
conditions precedent.
The Company is making the necessary arrangements to launch the
Subscription and the Open Offer, terms and conditions of which will
be set out in the circular, which the Company intends to send to
shareholders of the Company in due course.
The Company continues to work on completing all necessary
actions to obtain the Approvals by the dates set out in the
Settlement Plan, however, there might be some changes in the
timetable.
The Company will make further announcements in due course.
All terms in this announcement have the meaning given to them in
the announcement by the Company dated 19 August 2016 unless
otherwise defined herein.
For further information, please contact:
MirLand Development Corporation plc
Roman Rozental +7 495 787 49 62
roman@mirland-development.com +7 499 130 31 09
FTI Consulting
Dido Laurimore / Tom Gough / Ellie Sweeney +44 20 7327 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
MSCLLFFILALDIIR
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November 07, 2016 05:31 ET (10:31 GMT)
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