Mirland Development to list in Tel Aviv as part of bondholder settlement
18th Nov 2016 12:30
(ShareCast News) - Mirland Development Corporation announced on Friday 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 AIM-traded firm said it has received approval from the Tel Aviv Stock Exchange
Read moreMirland Developments' bondholders propose debt-to-equity restructure
13th Apr 2016 13:52
(ShareCast News) - MirLand Development's bondholders have proposed a debt restructuring that could converting $180m of the Russian property developer's debt into new equity. Following a meeting to which MirLand's directors were not invited, the bondholders' debt-to-equity proposal would leave $45m o
Read moreMirland Development swings to annual loss on Russia geopolitical sanctions
18th Mar 2015 09:39
Property investor MirLand Development Corporation swung to an annual loss as geopolitical tensions in Russia and the sanctions imposed on the country hit its property portfolio. The London-listed company swung from a $3.3m (£2.2m) profit in 2013 to a $71.3m loss last year, as a result of booking a n
Read moreMirLand Development enters five-year loan agreement
7th May 2014 13:08
Russian property developer MirLand Development announced it has entered a new loan agreement with Nordea Bank against Century, the group's investment development asset in Moscow. The firm's 51% owned subsidiary, Avtoprioritet, will sign a $26m refinancing loan contract which is expected to last f
Read moreBrooks Macdonald co-founders ditch 385,000 shares
22nd Mar 2012 15:19
Three of the founders of Brooks Macdonald, an AIM-50 wealth management group, have sold a total of 385,000 shares for 1,275p, but insisted they remain 'fully committed' to the company. Chris Macdonald, the Chief Executive, reduced his stake by 150,000 shares, Richard Spencer by 130,000 and Jonatha
Read moreKofax boss takes more shares
1st Jun 2011 17:21
Chief executive Reynolds Bish has added to his stake in the California-based scanning software specialist Kofax. He paid 467.3p a time for 10,000 shares, shelling out a total of £46,730. Following the purchase, he now has 36,150 shares in the company. Late last month Kofax said it will acquire Mas
Read moreRussia emerging from hibernation, says MirLand
16th Mar 2011 13:51
Russian property developer MirLand Development moved back into the black in 2010, helped by a rise in the fair value of its investment properties. Net income totalled $23.2m, compared to a post-tax loss of $23m the year before. In 2010, the value of the company's investment properties was marked up
Read moreHardy director buys after Beazley ends bid talks
21st Dec 2010 16:39
Hardy Underwriting Bermuda director Paul Bailie has bought shares following last week's withdrawal of Beazley from bid talks for the insurance underwriter. Beazley had indicated that it was willing to offer 350p a share for Hardy but the two could not agree on a price. Hardy is thought to have wan
Read moreLand Securities non-exec starts building stake
14th Dec 2010 16:11
Simon Palley, a non-executive director at Land Securities, has taken his first tranche of shares in the shopping centre and office developer. He took 16,250 shares at 664.8p each, paying nearly £110,000. Palley joined the board of Land Securities, whose portfolio includes the Lakeside Retail Park
Read moreSmall caps round-up: Pantheon, James Fisher, Mirland...
17th Nov 2010 13:17
Texas-focused oil explorer Pantheon Resources' loss for the year to September fell to £2.54m, from £3.05m last year, which included impairment charges of £1.4m for the abandonment of the Vision Rice University #1 well. Plans to drill a second well, Kara Farms #1, have been subject to a series of un
Read moreSmall caps round-up: Hill & Smith, Orsu Metals, Antrim Energy
11th Nov 2010 13:29
Infrastructure and building products supplier Hill & Smith has slumped after a challenging second half in the UK caused by uncertainty created around the Comprehensive Spending Review (CSR). Chiefs now expect underlying profit before tax for the year to 31 December 2010 to be marginally below the
Read moreMirland waiting on Russian recovery
18th Nov 2009 14:04
Russian residential and commercial property developer Mirland Development Corporation (MRC) is still waiting for a sustained recovery in the Russian property market. The company posted a pre-tax loss of $16.4m for the nine months ended 30 September, a substantial improvement on the $37.1m lost in t
Read moreFW Thorpe chief cashes in
28th May 2009 16:53
Chairman and joint chief executive of FW Thorpe, Andrew Thorpe, has sold 5,000 shares in the lighting equipment manufacturer. Thorpe, grandson of the company's founder, got £26,500 for the stake at 530p a share. He's left with 2.8m shares, or 24% of the company. In March, the company reported a 5
Read moreSmall caps round-up: SovGEM, OneClickHR, Phytopharm...
20th May 2009 15:38
SovGEM doubled in price on its return from suspension today following publication of an admission document linked to the reverse takeover by Hanson Westhouse. Shares in the China-focused group soared to 18.5p at one stage from 8p when trading halted on 6 May. Hanson boss William Staple, who'll be
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