POLISH FINANCIAL SUPERVISION AUTHORITY
UNI - EN REPORT No53/2016
Date of issue:2016-12-06
Short name of the issuer
PLAZA CENTERS N.V.
Subject
ACQUISITION OF LOAN SECURED AGAINST ASSET IN ROMANIA
Official market - legal basis
Unofficial market - legal basis
Contents of the report:
Plaza Centers N.V. (“Plaza” or the “Company”), an emerging markets property developer, announces that a wholly owned subsidiary of the Company, PC Enterprises BV, has acquired a bank loan of circa EUR 10 Million, which is held against the Company’s plot in Romania, for a total consideration of EUR 1.35 million. The transaction represents a discount of over 86.5% on the bank loan amount and the Lender has now transferred all collateral associated with the project related to the loan to Plaza, while also releasing the Company from its recourse loan. As part of the terms of the transaction, the Lender has been granted a purchase option for a term of three years, to acquire the plot for EUR 1.1 million. Ends For further details, please contact: Plaza Dori Keren, Acting CEO +48 22 231 99 00 FTI Consulting Dido Laurimore/ Claire Turvey/ Tom Gough +44 20 3727 1000 Notes to Editors Plaza Centers N.V. (www.plazacenters.com) is an emerging markets developer of shopping and entertainment centres. It focuses on constructing new centres and, where there is significant redevelopment potential, redeveloping existing centres in both capital cities and important regional 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 20 years.
Annexes
FileDescription
15 12 06 Loan secured Romania.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)
1016EAAmsterdam
(post code)(city)
Keizergracht241
(street)(number)
(phone number)(fax)
(e-mail)(web site)
(NIP)(REGON)
SIGNATURE OF PERSONS REPRESENTING THE COMPANY
DateNamePosition / FunctionSignature
2016-12-06Dori KerenActing CEO
15 12 06 Loan secured Romania.pdf