Mirland Development Corporation PLC TASE Approval (5943P)
November 18 2016 - 6:53AM
UK Regulatory
TIDMMLD
RNS Number : 5943P
Mirland Development Corporation PLC
18 November 2016
18 November 2016
MirLand Development Corporation PLC
(the "Company")
TASE Approval
Further to the announcement made by the Company on 17 November
2016, (the "Previous Announcement") the Company announces that it
has satisfied a further procedural condition precedent to the
settlement plan between the Company and the holders of its Series
A-F bonds (the "Settlement Plan").
The Company has received approval from the Tel Aviv Stock
Exchange ("TASE") for its entire issued and to be issued share
capital to be admitted to trading on TASE along with all securities
to be issued under the Settlement Plan, upon its completion ("TASE
Approval"). TASE Approval is conditional on, among other things,
the Share Consolidation completing and suspension from trading on
AIM of the Company's issued share capital.
Completion of the Settlement Plan remains subject to the
fulfilment of further procedural conditions precedent including
completion of the Capital Raising, ISA approval, AIM Admission and
TASE Admission as set out in the Previous Announcement.
There is no guarantee that TASE Admission will occur and the
Settlement Plan completes in accordance with its terms.
All capitalised terms in this announcement have the meaning
given to them in the Previous Announcement unless otherwise defined
herein.
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
MSCFFSFFAFMSEIF
(END) Dow Jones Newswires
November 18, 2016 06:53 ET (11:53 GMT)
Mirland (LSE:MLD)
Historical Stock Chart
From Mar 2024 to Apr 2024
Mirland (LSE:MLD)
Historical Stock Chart
From Apr 2023 to Apr 2024
