Mirland Development Corporation PLC Bonds update (0587T)
July 14 2015 - 1:08PM
UK Regulatory
TIDMMLD
RNS Number : 0587T
Mirland Development Corporation PLC
14 July 2015
14 July 2015
MirLand Development Corporation plc
("MirLand" or the "Company")
Bonds update
Further to its announcement on 7 July 2015 (the "Announcement")
regarding an application made to the Cypriot Court to sanction the
convening of meetings of the Bondholders and shareholders of the
Company to approve the Arrangement, the Company announces that,
today, the Cypriot Court has approved the said application.
As described in the Announcement, an amendment to the
application will be made to the Cypriot Court and once that
amendment is sanctioned by the Cypriot Court, the Company will
convene meetings of Bondholders and shareholders to approve the
Arrangement.
If the Arrangement is approved by both the Bondholders and the
shareholders, a further application to the Cypriot Court will be
made to sanction the Arrangement. Once sanctioned by the Cypriot
Court, the Arrangement will be binding on all Bondholders and
shareholders.
Unless otherwise defined, capitalised terms in this announcement
have the meaning given in the Announcement.
Further updates will be provided in due course.
MirLand Development Corporation plc
Roman Rozental +7 495 787 49 62
roman@mirland-development.com +7 499 130 31 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
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