Market Purchase of shares

RNS Number : 9749L

Plaza Centers N.V.

21 January 2009

 



21 January 2009

Plaza Centers N.V. 

('Plaza' or the 'Company')

MARKET PURCHASE OF SHARES

Plaza Centers, a leading emerging markets property developer, today announces that, pursuant to its announcement on 20 October 2008, Elbit Imaging Ltd. (“Elbit”), which currently indirectly owns 72.77% of Plaza, purchased yesterday, 349,627 shares of Plaza at a price between 59.5 Pence and 61 Pence per share.

Following the purchase of these shares Elbit's indirect ownership interest in Plaza was increased to 72.90%.

ENDS

For further details please contact:

Plaza

Mordechay Zisser, Chairman

Ran Shtarkman, President and CEO

Roy Linden, CFO

[phone]

[phone]

[phone]

Financial Dynamics

Stephanie Highett/Laurence Jones

[phone]

Notes to Editors

Plaza Centers N.V. (www.plazacenters.com) is a leading 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 dual listed on the Main Board of the London Stock Exchange and, as of 19 October 2007, the Warsaw Stock Exchange (LSE:'PLAZ', WSE: 'PLZ/PLAZACNTR'). Plaza Centers N.V. is an indirect subsidiary of Elbit Imaging Ltd. ('EIL'), an Israeli public company whose shares are traded on both the Tel Aviv Stock Exchange in Israel and the NASDAQ Global Market in the United States.

Plaza Centers is a member of the Europe Israel Group of companies which is controlled by its founder, Mr. Mordechay Zisser. It has been active in real estate development in emerging markets for over 12 years.

 

END

 

 

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