REG - Plaza Centers N.V. - UPDATE ON THE PRE-SALE OFDAMBOVITA CENTER PROJECT

Plaza Centers NVAnnouncement

04/12/2023 18:30

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20231204:nRSD6331Va&default-theme=true

RNS Number : 6331V  Plaza Centers N.V.  04 December 2023

December 04, 2023

PLAZA CENTERS N.V.

UPDATE REGARDING THE PRE-SALE AGREEMENT FOR THE SALE OF THE COMPANY'S INDIRECT
SHAREHOLDINGS IN THE DAMBOVITA CENTER PROJECT ("CASA RADIO")

 

Plaza Centers N.V. ("Plaza" or the "Company") announced today that further to
its previous announcements dated December 13, 2022 and December 21, 2022
regarding the pre-sale agreement (the "Agreement") with AFI Europe N.V ("AFI"
and together with the Company, the "Parties") for the sale of its subsidiary
(the "SPV") which holds 75% in the Casa Radio Project (the "Project"); that
the Parties have signed an addendum to the Agreement (the "Addendum") which
pursuant to the Addendum the Parties agreed to extend the Long Stop Date,
which is the date on which the parties will execute a share purchase
agreement, subject to the satisfaction of conditions precedent (the "SPA"),
until December 31, 2024.

 

There can be no certainty that the SPA will eventually be executed and/or that
the Transaction will be consummated as presented above or at all.

 

Ends

For further details, please contact:

 

Plaza

Ron Hadassi, Executive
director;
972-526-076-236

Forward-looking statement

This press release may contain forward-looking statements with respect to the
completion of the transaction. Such statements are based on current
expectations, estimates and projections of Plaza Centers N.V. and information
currently available to the Company. Plaza Centers N.V. cautions readers that
such statements involve certain risks and uncertainties that are difficult to
predict and therefore it should be understood that many factors can cause
actual performance and position to differ materially from these statements.

Notes to Editors

Plaza Centers N.V. (www.plazacenters.com) is listed on the Main Board of the
London Stock Exchange, and, on the Warsaw Stock Exchange (LSE: "PLAZ", WSE:
"PLZ/PLAZACNTR") and, on the Tel Aviv Stock Exchange ("PLAZ").

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  DISUPGCGPUPWGRC