PAYMENT FOR LODZ DISPOSAL AND UPDATE RE LESZNO

RNS Number : 7788J

Plaza Centers N.V.

30 June 2017

 

30 June 2017

PLAZA CENTERS N.V.

PAYMENT FULFILLED FOR LODZ DISPOSAL AND UPDATE RE LESZNO

Plaza Centers N.V. ("Plaza" or the "Company") announces that, following the announcement of 28 September 2016 regarding the disposal of the residential plot in Lodz, Poland, the Company has received the final payment instalment of €0.96 million.

In addition, further to the Company's announcements of 15 September 2016 and 4 May 2017 regarding the disposal of the plot at Leszno, also in Poland, the Purchaser has waived its right to withdraw from the transaction, which was the condition for agreeing a one month extension to the transaction. Therefore, the signing of the final agreement will now take place no later than 27 July 2017.

Ends

For further details, please contact:

Plaza

Dori Keren, CEO                                                                             [phone]

FTI Consulting

Dido Laurimore / Claire Turvey / Tom Gough                                       [phone]

Notes to Editors

 

Plaza Centers N.V. (www.plazacenters.com) is an emerging markets developer of shopping and entertainment centres. The Company 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. Plaza Centers N.V. is an indirect subsidiary of Elbit Imaging Ltd. ("EI"), an Israeli public company whose shares are traded on both the Tel Aviv Stock Exchange in Israel and on the NASDAQ Global Market in the United States. Plaza Centers has been active in real estate development in emerging markets for over 21 years.

 

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