MLD Mirland Dev.

TIDMMLD

RNS Number : 1559Q

Mirland Development Corporation PLC

25 November 2016

MirLand Development Corporation PLC

(the "Company")

ISA Approval

Further to the announcements made by the Company on 17 November 2016 (the "Previous Announcement") and 18 November 2016, 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 Israeli Securities Authority (the "ISA") for its entire issued and to be issued share capital to be admitted to trading on TASE.

Completion of the Settlement Plan remains subject to the fulfilment of certain actions including completion of the Capital Raising, 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

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November 25, 2016 02:02 ET (07:02 GMT)

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