Plaza Centers N.V. UPDATE ON DISPOSAL OF LAND PLOT IN GREECE (3971X)
24 November 2017 - 3:00AM
UK Regulatory
TIDMPLAZ
RNS Number : 3971X
Plaza Centers N.V.
23 November 2017
23 November 2017
PLAZA CENTERS N.V.
UPDATE ON DISPOSAL OF LAND PLOT IN GREECE
Plaza Centers N.V. ("Plaza" or the "Company") announces that,
further to previous announcements regarding the disposal of a plot
in Piraeus, Greece, an amendment to the agreement has been signed
and a new long stop date of 10 December 2017 has been agreed for
the conclusion of the transaction.
In order to secure the prolonged validity of the initial
agreement, the purchaser has paid a EUR25,000 non-refundable
extension fee to Plaza and has an option to extend the long stop
date to 20 January 2018 for an additional EUR25,000. Following
receipt of the additional EUR25,000 extension fee, Plaza has now
received a total of EUR275,000 from the purchaser in non-refundable
advance payments in connection with this transaction.
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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