Mirland Development Corporation PLC Completion of Debt Settlement with SberBank (3668K)
20 Septiembre 2016 - 10:24AM
UK Regulatory
TIDMMLD
RNS Number : 3668K
Mirland Development Corporation PLC
20 September 2016
MirLand Development Corporation PLC
(the "Company")
Completion of Debt Settlement with SberBank (the "Bank")
20 September 2016 - Further to the announcement made on 8 July
2016 in relation to the agreements entered into between four
Subsidiaries of the Company and the Bank with respect to loans
granted by the Bank, totaling approximately US$160 million (the
"Debt Settlement"), the Company announces that on 20 September 2016
the Debt Settlement was completed.
Completion of the Debt Settlement is one of the conditions to
the Company's settlement plan with the bondholders (the "Settlement
Plan"), which has now been fulfilled.
The Company is continuing to progress the Settlement Plan and
will make further announcements in due course.
All terms in this announcement have the meaning given to them in
the Company's announcement made on 8 July 2016 unless otherwise
defined herein.
For further information please contact:
MirLand Development Corporation plc
Yevgeny Steklov
Yevgeny@mirland-development.com +357 (25) 871 785
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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September 20, 2016 11:24 ET (15:24 GMT)
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