MLD Mirland Dev.

TIDMMLD

RNS Number : 7843D

Mirland Development Corporation PLC

29 October 2015

29 October 2015

MirLand Development Corporation plc

("MirLand" or the "Company")

Further update re: Potential Reduction of Beneficial Holding of Controlling Shareholder

Further to the Company's previous announcement on 3 September 2015 regarding Jerusalem Economy Ltd.'s announcement ("JEC") to the Tel Aviv Stock Exchange on 1 September 2015 in relation to a share purchase agreement entered into by T.L.C. Properties and Investments Ltd., the Company notes the announcement released yesterday by JEC to the Tel Aviv Stock Exchange that the potential purchasers have given notice that they no longer intend to proceed with the transaction. Further announcements will be made as and when necessary.

 
MirLand Development Corporation    +7 495 787 49 
 plc                                62 
 Roman Rozental                     +7 499 130 31 
 roman@mirland-development.com      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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October 29, 2015 03:00 ET (07:00 GMT)

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