PROPOSAL RECIEVED FROM G.C HEVRON CAPITAL LTD.

RNS Number : 8293E
Plaza Centers N.V.
09 July 2021
 

 

July 9 , 2021

 

PLAZA CENTERS N.V.

UPDATE REGARDING RECEIVED PROPOSAL FROM G.C HEVRON CAPITAL LTD.

 

Plaza Centers N.V. (" Plaza " or the " Company ") announces today, that the Company received a proposal from G.C Hevron Capital Ltd (" Hevron Capital ") (the " Proposal "). According to the Proposal, the Company's existing assets will be preserved in order to continue repaying the Company's obligations to its bondholders, while simultaneously enabling the flow of new activity to the Company in order to maximize profits for all the Company's shareholders and bondholders.

 

The Proposal is attached as an appendix to this announcement.
http://www.rns-pdf.londonstockexchange.com/rns/8293E_1-2021-7-9.pdf

 

The Company's Board of Directors discussed and reviewed the Proposal and accordingly decided to recommend to   accept the Hevron Capital's request for 60 days of No-Shop, in which Hevron Capital will conduct Due Diligence.

Without derogating from the aforementioned, the Proposal will be presented before to Company's bondholders in the upcoming bondholders meeting which will be held on July 13, 2021.

 

Ends

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.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
UPDQKLFBFDLZBBL
UK 100