TIDMAFRB TIDMAFID TIDMAFRB

RNS Number : 2997A

AFI Development PLC

28 January 2011

Notification by COMPANY TO RIS of transactions by Persons Discharging Managerial Responsibility and Connected Persons

All relevant boxes should be completed in block capital letters.

 
                                               State whether the notification 
                                               relates to (i) a transaction 
                                               notified in accordance with DTR 
                                               3.1.2 R, (ii) a disclosure (ii) 
                                               a disclosure made in accordance 
                                               with section 793 of the 
                                               Companies Act (2006); or (iii) 
                                               a disclosure made in accordance 
                                               with paragraph 26 of the Model 
                                               Code. (I) A TRANSACTION 
       Name of the issuer                      NOTIFIED IN ACCORDANCE WITH DTR 
 1.    AFI DEVELOPMENT PLC               2.    3.1.2 R 
----  --------------------------------  ----  -------------------------------- 
                                               State whether notification 
                                               relates to a person connected 
                                               with a person discharging 
                                               managerial 
                                               responsibilities/director named 
                                               in 3 and identify the connected 
                                               person NOTIFICATION RELATES TO 
                                               AFRICA ISRAEL INVESTMENTS LTD 
                                               INCORPORATED IN ISRAEL, WHOSE 
       Name of person discharging              REGISTERED ADDRESS IS AT: 4 
       managerial                              DERECH HACHORESH, YEHUD 56470, 
       responsibilities/director MR.           ISRAEL, A "CONNECTED PERSON" TO 
 3.    LEV LEVIEV, DIRECTOR              4.    MR. LEV LEVIEV. 
----  --------------------------------  ----  -------------------------------- 
       Indicate whether the 
       notification is in respect of a         Description of shares 
       holding of the person referred          (including class), debentures 
       to in 3 or 4 above or in                or derivatives or financial 
       respect of a non-beneficial             instruments relating to shares 
       interest: THE HOLDING OF AFRICA         B ORDINARY SHARES OF USD 0.001 
 5.    ISRAEL INVESTMENTS LTD            6.    EACH IN AFI DEVELOPMENT PLC 
----  --------------------------------  ----  -------------------------------- 
       Name of registered 
       shareholders(s) and, if more 
       than one, the number of shares          State the nature of the 
       held by each of them CAPITA             transaction PURCHASE OF 
 7.    REGISTRARS (GUERNSEY) LIMITED     8     SECURITIES 
----  --------------------------------  ----  -------------------------------- 
                                               Percentage of issued class 
                                               acquired (treasury shares of 
       Number of shares, debentures or         that class should not be taken 
       financial instruments relating          into account when calculating 
       to shares acquired 15,498,750 B         percentage) B ORDINARY SHARES - 
 9.    ORDINARY SHARES                   10.   2.96%. 
----  --------------------------------  ----  -------------------------------- 
                                               Percentage of issued class 
                                               disposed (treasury shares of 
       Number of shares, debentures or         that class should not be taken 
       financial instruments relating          into account when calculating 
 11.   to shares disposed N/A            12.   percentage) N/A 
----  --------------------------------  ----  -------------------------------- 
             Price per share or value 
             of transaction B ORDINARY         Date and place of transaction 
             SHARES - USD 1.46 per              25 OF JANUARY, 2011 
 13.         share                       14.    ISRAEL 
----  --------------------------------  ----  -------------------------------- 
       Total holding following 
       notification and total 
       percentage holding following 
       notification (any treasury 
       shares should not be taken into 
       account when calculating 
       percentage) TOTAL HOLDING: 
       295,763,206 B ORDINARY SHARES 
       WHICH, WHEN ROUNDED DOWN TO THE         Date issuer informed of 
       NEAREST WHOLE NUMBER EQUALS             transaction 25 OF JANUARY, 
 15.   56%.                              16.   2011 
----  --------------------------------  ----  -------------------------------- 
                                               Period during which or date on 
       Date of grant                            which exercisable 
 17    N/A                               18.   N/A 
----  --------------------------------  ----  -------------------------------- 
       Total amount paid (if any)              Description of shares or 
        for grant of the option                debentures involved (class and 
 19.   N/A                               20.   number) N/A 
----  --------------------------------  ----  -------------------------------- 
       Exercise price (if fixed at 
        time of grant) or indication           Total number of shares or 
        that price is to be fixed              debentures over which options 
        at the time of exercise                held following notification 
 21.   N/A                               22.   N/A 
----  --------------------------------  ----  -------------------------------- 
                                               Name of contact and telephone 
                                                number for queries 
                                               Stanislav Joukov 
 23.   Any additional information        24.    +7 495 796 9988 
----  --------------------------------  ----  -------------------------------- 
 

Notes: This form is intended for use by an issuer to make a RIS notification required by DTR 3.1.4.

(1) An issuer making a notification in respect of a transaction relating to the shares or debentures of the issuer should complete boxes 1 to 16, 23 and 24.

(2) An issuer making a notification in respect of a derivative relating the shares of the issuer should complete boxes 1 to 4, 6, 8, 13, 14, 16, 23 and 24.

(3) An issuer making a notification in respect of options granted to a director/person discharging managerial responsibilities should complete boxes 1 to 3 and 17 to 24. (4) An issuer making a notification in respect of a financial instrument relating to the shares of the issuer (other than a debenture) should complete boxes 1 to 4, 6, 8, 9, 11, 13, 14, 16, 23 and 24.

This information is provided by RNS

The company news service from the London Stock Exchange

END

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