POLISH FINANCIAL SUPERVISION AUTHORITY
UNI - EN REPORT No17/2019
Date of issue:2019-05-13
Short name of the issuer
PLAZA CENTERS N.V.
Subject
UPDATE REGARDING THE AGREEMENT TO SELL ITS HOLDINGS IN THE PROJECT IN BANGALORE, INDIA
Official market - legal basis
Unofficial market - legal basis
Contents of the report:
Plaza Centers N.V. (“Plaza” or the “Company”) announced today, further to its press release dated April 10, 2019, regarding understandings with the purchaser of the 100% interest in a Special Purpose Vehicle (the "Purchaser"), held by Elbit Plaza India Real Estate Holdings Limited (a subsidiary held by the Company (50%) and Elbit Imaging Ltd. (50%)) ("EPI")) ,which holds a site in Bangalore, India (the "Plot"), that the Purchaser defaults on payment of INR 10 crores (Circa EUR 1.27 million) (Plaza part EUR 0.635 million) on account of the consideration for the Plot. EPI has initiated legal process to protect its interest while it continues to negotiate with the Purchaser for payment of the amount due. Ends For further details, please contact: Plaza Avi Hakhamov, Acting CEO +36 1 6104523 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.
Annexes
FileDescription
Plaza_PR_Banglore_13_05_2019_final_isa.pdf
PLAZA CENTERS N.V.
(fullname of the issuer)
PLAZA CENTERS N.V.Budownictwo (bud)
(short name of the issuer)(sector according to clasification of the WSE in Warsow)
1012 ACAmsterdam
(post code)(city)
Prins Hendrikkade48-2
(street)(number)
(phone number)(fax)
(e-mail)(web site)
(NIP)(REGON)
SIGNATURE OF PERSONS REPRESENTING THE COMPANY
DateNamePosition / FunctionSignature
2019-05-13Avi HakhamovActing CEO
Plaza_PR_Banglore_13_05_2019_final_isa.pdf

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