December 13 , 2022
UPDATE REGARDING THE PRE-SALE AGREEMENT FOR THE SALE OF THE COMPANY'S INDIRECT SHAREHOLDINGS IN THE DAMBOVITA CENTER PROJECT ("CASA RADIO")
Plaza Centers N.V. ("Plaza" or the "Company") announced today that further to its previous announcement dated December 20, 2021 regarding the pre-sale agreement (the "Agreement") with AFI Europe N.V ("AFI" and together with the Company, the "Parties") for the sale of its subsidiary (the "SPV") which holds 75% in the Casa Radio Project (the "Project"); that the Parties have signed an addendum to the Agreement (the "Addendum") which pursuant to the Addendum the Parties agreed to extend the Long Stop Date, which is the date on which the parties will execute a share purchase agreement, subject to the satisfaction of conditions precedent (the "SPA" ( , until December 31, 2023.
In addition, for the avoidance of doubt, the extension of the Long Stop Date as stated above, has been approved at the Company's bondholders' meetings which were held on November 8, 2022.
There can be no certainty that the SPA will eventually be executed and/or that the Transaction will be consummated as presented above or at all.
Ends
For further details, please contact:
Plaza
Ron Hadassi, Executive director; 972-526-076-236
Forward-looking statement
Notes to Editors
Plaza Centers N.V. (www.plazacenters.com) is listed on the Main Board of the London Stock Exchange, and, on the Warsaw Stock Exchange (LSE: "PLAZ", WSE: "PLZ/PLAZACNTR") and, on the Tel Aviv Stock Exchange ("PLAZ").