PLAZA CENTERS N.V. - PLAZA CENTERS COMPLETES THE SALE OF PALAZZO DUCALE IN ROMANIA (14/2015)
PLAZA CENTERS N.V. - PLAZA CENTERS COMPLETES THE SALE OF PALAZZO DUCALE IN ROMANIA (14/2015)
10.09.2015 | aktual.: 10.09.2015 13:03
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| | POLISH FINANCIAL SUPERVISION AUTHORITY | | | | | | | | | | |
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| | | | | UNI - EN REPORT No | 14 | / | 2015 | | | | |
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| | Date of issue: | 2015-09-10 | | | | | | | | | |
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| | Short name of the issuer | | | | | | | | | | |
| | PLAZA CENTERS N.V. | | | | | | | | | | |
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| | Subject | | | | | | | | | | |
| | PLAZA CENTERS COMPLETES THE SALE OF PALAZZO DUCALE IN ROMANIA | | | | | | | | | | |
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| | Official market - legal basis | | | | | | | | | | |
| | Inne uregulowania | | | | | | | | | | |
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| | Unofficial market - legal basis | | | | | | | | | | |
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| | Contents of the report: | | | | | | | | | | |
| | Plaza Centers N.V. (?Plaza? or the ?Company?), today announces that it has reached an agreement to sell Palazzo Ducale, an office building of 823 sqm GLA in the centre of Bucharest, Romania between Piata Victoriei and Piata Romana, for ?1.085 million. This is consistent with the asset?s last reported book value. In line with the Company?s stated restructuring plan, 75% of the net cash proceeds from the transaction will be distributed to the Company?s bondholders by the end of September 2015 as an early principal repayment. Ends For further details, please contact: Plaza Akiva Azulay, CEO +36 1 462 7221 Roy Linden, CFO +36 1 462 7222 FTI Consulting Dido Laurimore / Claire Turvey / Tom Gough +44 20 3727 1000 Notes to Editors Plaza Centers N.V. (www.plazacenters.com) is a leading property developer and investor with a significant presence across Central and Eastern Europe and operations in India. It focuses on constructing new shopping and entertainment centres and, where there is significant 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, the Warsaw Stock Exchange and, as of 27 November 2014, the Tel Aviv Stock Exchange (LSE:?PLAZ?, WSE: ?PLZ/PLAZACNTR?; TASE: ?PLAZ?). Plaza Centers N.V. is an indirect subsidiary of Elbit Imaging Ltd. (?EIL?), an Israeli public company whose shares are traded on both the Tel Aviv Stock Exchange in Israel and the NASDAQ Global Market in the United States. It has been active in real estate development in emerging markets for over 19 years. | | | | | | | | | | |
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| | Annexes | | | | | | | | | | |
| | File | Description | | | | | | | | | |
| | Plaza completes sale of Palazzo ducale (3).pdf | | | | | | | | | | |
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REPORT
INFORMATION ABOUT THE ENTITY
SIGNATURE OF PERSONS REPRESENTING THE COMPANY
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| | | 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) | | | | | | | | | |
| | | 1016EA | | Amsterdam | | | | | | | | | |
| | | (post code) | | (city) | | | | | | | | | |
| | | Keizergracht | | 241 | | | | | | | | | |
| | | (street) | | (number) | | | | | | | | | |
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| | | (phone number) | | | (fax) | | | | | | | | |
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| | | (e-mail) | | | (web site) | | | | | | | | |
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| | | (NIP)
| | | (REGON) | | | | | | | | |
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REPORT
INFORMATION ABOUT THE ENTITY
SIGNATURE OF PERSONS REPRESENTING THE COMPANY
SIGNATURE OF PERSONS REPRESENTING THE COMPANY | |||||
Date | Name | Position / Function | Signature | ||
2015-09-10 | Akiva Azulay | CEO | |||
REPORT
INFORMATION ABOUT THE ENTITY
SIGNATURE OF PERSONS REPRESENTING THE COMPANY