TIDMPLAZ

RNS Number : 3994P

Plaza Centers N.V.

17 November 2016

17 November 2016

Plaza Centers N.V (the "Company" or "Plaza")

PROPOSED PAYMENT OF CONSENT FEE TO NOTEHOLDERS

Further to the Company's announcement on 7 November 2016 regarding a proposed amendment to an early prepayment term under the restructuring plan (the "Proposed Amendment"), the Company announces that as part of the approval of the Proposed Amendment by holders of the Company's Series A Notes, Series B Notes and Polish notes (collectively, the "Notes"), and subject to such approval, the Company will pay on 31 March 2018 a one-time consent fee in the amount of Circa EUR488,000 (which is equal to 0.25% from the Company's outstanding debt under the Notes) (the "Consent Fee"). The Consent Fee shall be paid to the Company's Noteholders on a pro rata basis.

The Company expects to publish the revised deeds of trust for the Series A and Series B Notes to reflect the payment of the Consent Fee, within the next few days.

The Company has today made available on its website a Company presentation for the forthcoming Noteholders meeting. A full copy of the presentation is available to view on Plaza's website at:

http://www.plazacenters.com/index.php?p=company_presentation

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.

This information is provided by RNS

The company news service from the London Stock Exchange

END

FURLFFIILTLRLIR

(END) Dow Jones Newswires

November 17, 2016 02:30 ET (07:30 GMT)

Plaza Centers N.v (LSE:PLAZ)
Historical Stock Chart
From Apr 2024 to May 2024 Click Here for more Plaza Centers N.v Charts.
Plaza Centers N.v (LSE:PLAZ)
Historical Stock Chart
From May 2023 to May 2024 Click Here for more Plaza Centers N.v Charts.