Plaza Centers N.V. UPDATE RE ARBITRATION PROCESS AGAINST ROMANIA
03 April 2024 - 7:58PM
RNS Regulatory News
RNS Number : 1555J
Plaza Centers N.V.
03 April 2024
April 3, 2024
PLAZA CENTERS
N.V.
UPDATE REGARDING ARBITRATION
AGAINST ROMANIA WITH RESPECT TO THE "CASA RADIO"
PROJECT
Further to its last announcements,
Plaza Centers N.V. ("Plaza" or the "Company") announces today that, on 2
April, 2024 the Company filed its Reply on the merits and counter
memorial on jurisdiction at the International Centre for the
Settlement of Investment Disputes. The
Company's updated full compensation for its losses with respect to
the Project is currently estimated to be up to EUR 425,500,000 as
at 31 March, 2024.
Ends
For
further details, please contact:
Plaza
Ron Hadassi, Executive
Director;
972-526-076-236
Notes to
Editors
Plaza Centers N.V.
(www.plazacenters.com) is listed on the Main Board of the London
Stock Exchange (LSE: "PLAZ"), on the Warsaw Stock Exchange (WSE:
"PLZ/PLAZACNTR") and on the Tel Aviv Stock Exchange
("PLAZ").
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END
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