Plaza Centers N.V. UPDATE REGARDING THE PLOT IN BANGALORE, INDIA (7782R)
02 July 2020 - 3:35AM
UK Regulatory
TIDMPLAZ
RNS Number : 7782R
Plaza Centers N.V.
01 July 2020
PLAZA CENTERS N.V.
UPDATE REGARDING THE PLOT IN BANGALORE, INDIA
Plaza Centers N.V. ("Plaza" or the "Company") announces today,
further to Note 6.b (1) of the Company's 2019 financial statements,
regarding the draft of the Revised Master Plan-2031, under which it
was proposed to change the zoning of most of the plot in Bangalore
from residential to open space/ parks/recreation zone (the "Master
Plan"), which if given effect would have adversely affected the
development prospects on the plot; that the Master Plan has been
withdrawn by the Government of Karnataka.
For further details, please contact:
Plaza
Ran Yaacovs, CFO 972-546-303-006
Notes to Editors
Plaza Centers N.V. ( www.plazacenters.com ) 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.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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