TIDMDUPD

RNS Number : 8371H

Dragon-Ukrainian Prop. & Dev. PLC

12 June 2017

12 June 2017

Dragon-Ukrainian Properties & Development plc (the "'Company")

Holding in Company

The Company received the following notification on 2 June 2017 from Neon Liberty Capital Management:

In accordance with Article 73 of the Articles of Association of Dragon-Ukrainian Properties & Developments plc (the "Company") and further to our previous Disclosure Notice of Change of Ownership dated August 29, 2013, we hereby confirm that, as of today's date, Neon Liberty Capital Management, having its principal place of business at 600 Third Avenue, Suite 2600, New York, New York 10016, USA ("Neon Liberty") through the Fund listed below holds voting rights with respect of 0 ordinary shares of the Company, representing 0% of the outstanding share capital of the Company.

 
 Fund Name                Voting Rights   Percentage 
                                           Ownership 
 Neon Liberty Emerging 
  Markets Fund LP         0               0% 
 Total                    0               0% 
 

Neon Liberty's voting rights fell through the 4% and 3% thresholds through its sale on May 31, 2017 of 4,878,554 ordinary shares by Neon Liberty Emerging Markets Fund LP for an aggregate consideration of GBP633,577.81 (representing a price per ordinary share of GBP0.1299).

For further information, please contact:

 
Dragon - Ukrainian Properties & Development 
 plc (www.dragon-upd.com) 
Tomas Fiala                  +380 44 490 7120 
 
DCM Limited (Investment 
 Manager) 
Eugene Baranov / Volodymyr 
 Tymochko                    + 380 44 492 7977 
 
Panmure Gordon (UK) 
 Limited 
Richard Gray / Andrew 
 Potts                       +44 (0)20 7886 2500 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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June 12, 2017 09:11 ET (13:11 GMT)

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