Plaza Centers N.V. APPROVAL OF SETTLEMENT AGREEMENT (6417B)
January 11 2018 - 7:40AM
UK Regulatory
TIDMPLAZ
RNS Number : 6417B
Plaza Centers N.V.
11 January 2018
11 January 2018
PLAZA CENTERS N.V.
APPROVAL OF SETTLEMENT AGREEMENT AND WITHDRAWAL OF SERIES A
BONDHOLDER REPAYMENT REQUEST
Plaza Centers N.V. ("Plaza" or the "Company") announces, further
to its announcement on 27 December 2017, that, effective today, a
settlement agreement has been reached and approved (and all the
conditions precedent in the agreement fulfilled) between the
holders of two Series of Israeli Bonds and the Company regarding
the allocation of funds, to be repaid by the Company, across the
Israeli Bonds Series.
As a result, the agreement the Series A Bondholders shall
withdraw their request for immediate repayment (as first proposed
in the Company's announcement of 21 December 2017).
The Company intends to translate the settlement agreement to
English and publish it on its website.
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 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 22 years.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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