Plaza Centers N.V. FINAL AGREEMENT SIGNED ON SALE OF KIELCE PLAZA (4054I)
19 June 2017 - 6:00PM
UK Regulatory
TIDMPLAZ
RNS Number : 4054I
Plaza Centers N.V.
19 June 2017
19 June 2017
PLAZA CENTERS N.V.
FINAL AGREEMENT SIGNED ON SALE OF KIELCE PLAZA, POLAND
Plaza Centers N.V. ("Plaza" or the "Company"), an emerging
markets property developer, announces that, further to its
announcement on 13 October 2016, it has signed the final sale
agreement for the disposal of its 2.47 hectare plot in the centre
of Kielce, Poland, for EUR2,280,000.
Plaza received a down payment of EUR465,000 when the preliminary
sale agreement was signed. Now that the final agreement has been
signed, the remaining EUR1,815,000 has been paid to Plaza.
In line with the Company's stated amended restructuring plan,
75% of the net cash proceeds will be distributed to Plaza's
bondholders.
Ends
For further details, please contact:
Plaza
Dori Keren, CEO +48 22 231 99 00
FTI Consulting
Dido Laurimore / Claire Turvey / Tom Gough +44 20 3727 1000
Notes to Editors
Plaza Centers N.V. (www.plazacenters.com) is an emerging markets
developer of shopping and entertainment centres. It focuses on
constructing new centres and, where there is significant
redevelopment potential, redeveloping existing centres in both
capital cities and important regional centres. The Company is
listed on the Main Board of the London Stock Exchange, as of 19
October 2007, on the Warsaw Stock Exchange (LSE: "PLAZ", WSE:
"PLZ/PLAZACNTR") and, on the Tel Aviv Stock Exchange. Plaza Centers
N.V. is an indirect subsidiary of Elbit Imaging Ltd. ("EI"), an
Israeli public company whose shares are traded on both the Tel Aviv
Stock Exchange in Israel and on the NASDAQ Global Market in the
United States. Plaza Centers has been active in real estate
development in emerging markets for over 21 years.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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