MLD Mirland Dev.

TIDMMLD

RNS Number : 3655Y

Mirland Development Corporation PLC

16 May 2016

16 May 2016

MirLand Development Corporation plc

("MirLand" or the "Company")

Result of AGM and Board Changes

MirLand announces that, at the Annual General Meeting of the Company held earlier today, resolution 6 approving the re-election of the Company's chairman, Nigel Wright, as a director of the Company was withdrawn at the request of Mr Wright, for personal reasons. Accordingly, Mr Wright has stepped down as a director of the Company with effect from the close of the Annual General Meeting. The Board of Directors of the Company would like to take this opportunity to thank Mr Wright for the significant contribution he has made to the Company since its IPO in 2006 and wish him very well for the future.

Following this change and with immediate effect, Saydam Salaheddin has been appointed Chairman of the Board of Directors and Elias Eliades has been appointed a member of the Audit Committee. Both Mr Salaheddin and Mr Eliades are existing Independent Non-executive Directors of the Company.

MirLand further announces that resolution 3 approving the re-election of Eliezer Fishman as a director of the Company was also withdrawn. Accordingly, Mr Fishman has also stepped down as a director of the Company with effect from the close of the Annual General Meeting.

All of the other resolutions set out in the Company's Notice of Annual General Meeting dated 18 April 2016 were duly passed.

For further information, please visit www.mirland-development.com, or contact:

 
 
 
MirLand Development Corporation       +7 495 787 49 
 plc                                  62 
 Roman Rozental                       +7 499 130 31 
 roman@mirland-development.com        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

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