THE SALE OF PLOT OF LAND IN MIERCUREA CIUC,ROMANIA

RNS Number : 2027F

Plaza Centers N.V.

11 July 2019

 

July 11^th, 2019

PLAZA CENTERS N.V.

DEFINITIVE AGREEMENT FOR THE SALE OF PLOT OF LAND IN

MIERCUREA CIUC, ROMANIA

Plaza Centers N.V. ("Plaza" or the "Company") announced today, further to its announcement dated April 1, 2019, that its Romanian subsidiary, North Gate Plaza SRL, has signed a definitive agreement for the sale (on an "as is" basis) of its plot of land totaling approximately 37,000 sqm in Miercurea Ciuc, Romania, for a total amount of EUR 1,580,000 (out of which EUR 360,000 has already been received as advance payments).

The Company intends to use the current consideration (approximately EUR 750,000) to redeem, in part, the balance of unpaid interest and linkage differentials of its Bonds Series A and Series B to its bondholders.

Ends

For further details, please contact:

Plaza

Avi Hakhamov, Executive Director              [phone]

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. Plaza Centers has been active in real estate development in emerging markets for over 23 years.

 

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