Plaza Centers N.V. UPDATE RE PLAZA MUP PLOT SALE IN BELGRADE (7448V)
February 01 2017 - 6:00AM
UK Regulatory
TIDMPLAZ
RNS Number : 7448V
Plaza Centers N.V.
01 February 2017
1 February 2017
PLAZA CENTERS N.V.
UPDATE RE PLAZA MUP PLOT SALE IN BELGRADE
Plaza Centers N.V. ("Plaza" or the "Company"), an emerging
markets property developer, announces that, further to its
announcement on 17 May 2016 regarding the sale of its wholly owned
subsidiary, which holds the "MUP" plot and related real estate in
Belgrade in Serbia, the Company has agreed with the buyer to bring
forward the payment of EUR4.2 million out of the third scheduled
payment amount of EUR4.6 million in a discount transaction with a
present value of circa EUR4.05 million. The remainder of the
purchase price will be paid as originally agreed between the
parties.
Ends
For further details, please contact:
Plaza
Dori Keren, 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 21 years.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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