By Anthony O. Goriainoff

Plaza Centers NV (PLAZ.LN) said on Monday that the District Court in Tel-Aviv, Israel decided that a motion lodged against it by a shareholder will be closed without an order for expenses.

The property developer, which is listed in London, Warsaw and Tel Aviv, said the court decided there is no dispute between the parties and that the motion was answered as the shareholder received some of the documents requested.

The company said that the motion was originally filed in March, 2018 with the court's Financial Department. The shareholder wanted the company, and Elbit Imaging Ltd., to reveal and review internal documents surrounding certain agreements signed in connection with the Casa Radio Project in Romania and the sale of the U.S. portfolio.

Plaza said at the time that these events had been previously announced and were detailed in the notes of its financial statements.

Shares at 0810 GMT were flat at 37.50 pence.

Write to Anthony O. Goriainoff at anthony.orunagoriainoff@dowjones.com

(END) Dow Jones Newswires

February 17, 2020 03:28 ET (08:28 GMT)

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