Plaza Centers N.V. UPDATE RE 2012 DISPOSAL OF US SHOPPING CENTRES (1052X)
November 21 2017 - 9:30AM
UK Regulatory
TIDMPLAZ
RNS Number : 1052X
Plaza Centers N.V.
21 November 2017
21 November 2017
PLAZA CENTERS N.V.
UPDATE RE 2012 DISPOSAL OF SHOPPING CENTRES IN THE US
Plaza Centers N.V. ("Plaza", "Company") provides the following
update regarding the sale of 47 shopping centres in the US first
announced on 11 January 2012 and which completed on 21 June 2012.
The Company has recently been made aware that commission paid to an
agent in connection with the disposal may have benefited a former
director of the Company, and it is probable therefore that those
arrangements should have been classified as a related party
transaction under the Listing Rules.
At the time of the disposal, it appears that the Company was not
aware that there was any potential related party interest with
respect to the commission arrangements.
The Company is currently investigating this matter and seeking
appropriate advice as to whether any retrospective disclosures or
other actions may be required under the Listing Rules.
Further announcements will be made as appropriate.
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. 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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