PLAZA CENTERS N.V. - Result of Rights Offering (38/2014)

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| | POLISH FINANCIAL SUPERVISION AUTHORITY | | | | | | | | | | |
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| | | | | UNI - EN REPORT No | 38 | / | 2014 | | | | |
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| | Date of issue: | 2014-12-19 | | | | | | | | | |
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| | Short name of the issuer | | | | | | | | | | |
| | PLAZA CENTERS N.V. | | | | | | | | | | |
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| | Subject | | | | | | | | | | |
| | Result of Rights Offering | | | | | | | | | | |
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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: | | | | | | | | | | |
| | NOT FOR PUBLICATION, DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, NEW ZEALAND, JAPAN OR ANY OTHER JURISDICTION IN WHICH THE PUBLICATION, DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL. OTHER RESTRICTIONS ARE APPLICABLE. PLEASE SEE THE IMPORTANT NOTICE AT THE END OF THE PRESS RELEASE. THIS ANNOUNCEMENT IS AN ADVERTISEMENT AND NOT A PROSPECTUS AND INVESTORS SHOULD NOT SUBSCRIBE FOR OR PURCHASE ANY SECURITIES REFERRED TO IN THIS ANNOUNCEMENT EXCEPT ON THE BASIS OF THE INFORMATION IN THE PROSPECTUS Plaza Centers N.V. ? Result of Rights Offering Plaza Centers N.V. (?Plaza? or the "Company") announces that it has successfully completed its Rights Offering and that Elbit Ultrasound (Luxembourg) B.V./S.a.r.l., the direct major shareholder of the Company ("Elbit"), and Burlington Loan Management Limited (?BLML?), an affiliate of Davidson Kempner Capital Management LP, under the Rights Offering and the arrangements under the Controlling Shareholder Undertaking and
under the Restructuring Plan have taken up in aggregate 286,650, 573 Ordinary Shares. In addition, 15,710,712 Escrow Shares have been issued at a price of EUR 0.01 per Escrow Share and sold to Elbit (under its undertaking to acquire the Escrow Shares from the trustees of the holders of the Bonds) and 90,336,595 Bondholders' Shares have been issued to the holders of the Bonds at a price of EUR 0.01 per Bondholders' Share. No Additional Placing Shares were required to be issued. After the Rights Offering, the Placing and the placing of New Ordinary Shares not taken up in the Rights Offering, Elbit will hold 307,847,376 Ordinary Shares representing 44.9% and BLML will hold 180,282,196 Ordinary Shares representing 26.3% respectively in the issued share capital of Plaza. The Company, post the Rights Offering and the Placing, will have 685,560,275 Ordinary Shares in issue. It is expected that the (a) newly issued Ordinary Shares in uncertificated form will be credited to stock accounts on 23 December 2014; and
(ii) newly issued Ordinary Shares will commence trading, fully paid, on the London Stock Exchange plc's main market for listed securities and on the Warsaw Stock Exchange on 23 December 2014 and on the Tel Aviv Stock Exchange shortly thereafter. Capitalised terms defined in the Prospectus published on 16 October 2014 shall have the same meaning when used in this announcement. END For further details, please contact: Plaza Ran Shtarkman, President and CEO Roy Linden, CFO Tel: +36 1 462 7221 Tel: +36 1 462 7222 SPARK Advisory Partners Limited Mark Brady, Partner Neil Baldwin, Partner Tel: +44 20 3368 3551 Tel: +44 20 3368 3554 FTI Consulting Dido Laurimore / Claire Turvey Tel: +44 20 3727 1000 ABOUT PLAZA CENTERS Plaza Centers N.V. (www.plazacenters.com) is a leading emerging markets developer of shopping and entertainment centres with operations in Central and Eastern Europe and India. 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, 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. (?EI?), 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 18 years. IMPORTANT NOTICE This announcement has been issued by and is the sole responsibility of Plaza Centers N.V. (the "Company"). A copy of the prospectus is available from the registered office of the Company and on the Company's website at www.plazacenters.com provided that the prospectus will not, subject to certain exceptions, be available (whether through the website or otherwise) to shareholders of the Company in the United States or other territories
where the extension or availability of the Rights Offering (and any transaction contemplated thereby) would breach any applicable law or regulation. Neither the content of the Company's website nor any website accessible by hyperlinks on the Company's website is incorporated in, or forms part of, this announcement. The prospectus gives further details of the Rights Offering. This announcement is not a prospectus but an advertisement and investors should not acquire any securities in the Company except on the basis of the information contained in the prospectus. The information contained in this announcement is for background purposes only and does not purport to be full or complete. No reliance may be placed for any purpose on the information contained in this announcement or its accuracy or completeness. The information in this announcement is subject to change. SPARK Advisory Partners Limited is acting for Plaza and no one else in connection with the Rights Offering, and will not be responsible to anyone
other than the Company for providing the protections afforded to its clients or for providing advice in relation to the Rights Offering or any matters referred to in this announcement. Apart from the responsibilities and liabilities, if any, which may be imposed on SPARK Advisory Partners Limited by the Financial Services and Markets Act 2000 (as amended) or the regulatory regime established thereunder or otherwise under law, SPARK Advisory Partners Limited do not accept any responsibility whatsoever for the contents of this announcement, and no representation or warranty, express or implied, is made by SPARK Advisory Partners Limited in relation to the contents of this announcement, including its accuracy, completeness or verification or regarding the legality of any investment in any securities in the Company by any person under the laws applicable to such person or for any other statement made or purported to be made by it, or on its behalf, in connection with the Company or the Rights Offering and
nothing in this announcement is, or shall be relied upon as, a promise or representation in this respect, whether as to the past or the future. To the fullest extent permissible SPARK Advisory Partners Limited accordingly disclaims all and any responsibility or liability whether arising in tort, contract or otherwise (save as referred to above) which they might otherwise have in respect of this announcement. This announcement is for information purposes only and is not intended to and does not constitute or form part of any offer or invitation to purchase or subscribe for, or any solicitation to purchase or subscribe for, securities in the Company or to take up any entitlements to rights in any jurisdiction in which such an offer or solicitation is unlawful. This announcement cannot be relied upon for any investment contract or decision. The information contained in this announcement is not for release, publication or distribution to persons in the United States, Australia, Canada, New Zealand or Japan and
should not be distributed, forwarded to or transmitted in or into any jurisdiction where to do so might constitute a violation of local securities laws or regulations. This announcement does not constitute or form part of an offer or solicitation to purchase or subscribe for securities of the Company in the United States, Australia, Canada, New Zealand or Japan. No shares or securities to be issued under the Rights Offering have been or will be registered under the US Securities Act of 1933 (the "Securities Act") or under the applicable securities laws of any state or other jurisdiction of the United States or the securities legislation of any province or territory of Australia, Canada, New Zealand or Japan. Accordingly, any shares or securities to be issued under the Rights Offering may not be offered, sold, resold, delivered or distributed, directly or indirectly, in or into the United States absent registration, or an exemption from, or in a transaction not subject to, the registration requirements of the
Securities Act and in compliance with state securities laws, or in or into Australia, Canada, New Zealand or Japan except in accordance with applicable law. There will be no public offer of shares or securities to be issued under the Rights Offering in the United States, Australia, Canada, New Zealand or Japan. This announcement does not constitute a recommendation concerning the Rights Offering. The price and value of securities can go down as well as up. Past performance is not a guide to future performance. The contents of this announcement are not to be construed as legal, business, financial or tax advice. Each Shareholder or prospective investor should consult his, her or its own legal adviser, business adviser, financial adviser or tax adviser for legal, financial, business or tax advice. | | | | | | | | | | |
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| | Annexes | | | | | | | | | | |
| | File | Description | | | | | | | | | |
| | Plaza - Results of Rights Issue.pdf | | | | | | | | | | |
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INFORMATION ABOUT THE ENTITY
SIGNATURE OF PERSONS REPRESENTING THE COMPANY

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REPORT
INFORMATION ABOUT THE ENTITY
SIGNATURE OF PERSONS REPRESENTING THE COMPANY

REPORT
INFORMATION ABOUT THE ENTITY
SIGNATURE OF PERSONS REPRESENTING THE COMPANY