Issue of Equity

8 Jan 2007 14:09

Mirland Development Corporation PLC08 January 2007 8 January 2007 MirLand Development Corporation Plc Issue of Equity MirLand Development Corporation Plc (the 'Company') announces that applicationhas been made for a further 3,558,000 new ordinary shares (the 'Over-allotmentShares') in the Company to be admitted to trading on AIM. The Over-allotmentShares are to be issued following the exercise on 3 January 2007 by MerrillLynch International, as stabilising manager, of the over-allotment optiongranted in connection with the initial public offering of the Company (the 'Offer'). Trading in the Over-allotment Shares is expected to commence on 10January 2007. For further information: MirLand Development Corporation Plc +749 51303 109Roman Rozental Credit Suisse +44 20 7888 8888Richard Crawley Merrill Lynch International +44 20 7628 1000Craig Coben Financial Dynamics +44 20 7831 3113Stephanie Highett/Dido Laurimore *** Some of the information in this press release may contain projections or otherforward-looking statements regarding future events or the future financialperformance of the Company. You can identify forward looking statements by termssuch as "expect", "believe", "anticipate", "estimate", "intend", "will", "could", "may" or "might", the negative of such terms or other similar expressions.The Company wishes to caution you that these statements are only predictions andthat actual events or results may differ materially. The Company does not intendto update these statements to reflect any events or circumstances occurringafter the date hereof or to reflect the occurrence of unanticipated events. Manyfactors could cause the actual results to differ materially from those containedin projections or forward-looking statements of the Company, including, amongothers, general economic conditions, the competitive environment, market changein the real estate market, as well as many other risks specifically related tothe Company and its operations. Neither this press release nor any copy of it may not be taken or transmittedinto the United States, Australia, Canada or Japan. This press release does notconstitute or form part of any offer or invitation to sell, or any solicitationof any offer to purchase nor shall it (or any part of it) or the fact of itsdistribution, form the basis of, or be relied on in connection with, anycontract therefor. The offer and the distribution of this press release andother information in connection with the listing and offer in certainjurisdictions may be restricted by law and persons into whose possession anydocument or other information referred to herein comes should inform themselvesabout and observe any such restriction. Any failure to comply with theserestrictions may constitute a violation of the securities laws of any suchjurisdiction. This communication is only directed at (i) persons who are outside the UnitedKingdom or (ii) to investment professionals falling within Article 19(5) of theFinancial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the "Order") or (iii) high net worth entities, and other persons to whom it maylawfully be communicated, falling within Article 49(2)(a) to (d) of the Order(all such persons together being referred to as "relevant persons"). The OfferShares will only be made available to, and any invitation, offer or agreement tosubscribe, purchase or otherwise acquire such securities will be engaged in onlywith, relevant persons. Any person who is not a relevant person should not actor rely on this communication or any of its contents. Stabilisation/FSA This announcement is for information purposes only and does not constitute orform part of any offer or invitation to sell or issue or any solicitation of anyoffer to purchase or subscribe for any securities. These materials are not an offer for sale of any securities of the Company inthe United States. Any securities of the Company may not be offered or sold inthe United States absent registration or an exemption from registration underthe U.S. Securities Act of 1933, as amended. The Company has not registered anddoes not intend to register any portion of the offering in the United States orto conduct a public offering of any securities in the United States. Credit Suisse and Merrill Lynch International, which are regulated in the UnitedKingdom by the Financial Services Authority, are acting exclusively for theCompany and no-one else in connection with the Offer and will not be responsibleto any other person for providing the protections afforded to their respectiveclients or for providing advice in relation to the Offer. This information is provided by RNS The company news service from the London Stock Exchange