REG - Plaza Centers N.V. - REVISED PROPOSAL FROM G.C HEVRON CAPITAL LTD.

Plaza Centers NVAnnouncement

12/07/2021 07:05

RNS Number : 8865E
  
Plaza Centers N.V.
  
12 July 2021
  
 

July 12, 2021
 
PLAZA CENTERS N.V.
UPDATE REGARDING RECEIVED PROPOSAL FROM G.C HEVRON CAPITAL LTD.
 
Plaza Centers N.V. ("Plaza" or the "Company") announces today, further to its announcement dated July 9, 2021; that the Company received a revised proposal from G.C Hevron Capital Ltd ("Hevron Capital"), resulting from technical errors in the translation of Hevron Capital's Proposal from Hebrew to English (the "Proposal"). According to the Proposal, in the settlement, the Company will allocate 74.9% of the Company's share capital to Hevron Capital and the remaining 25.1% of the Company's share capital shall be divided between the Company's shareholders (12.5%, instead of 10.1% in the original proposal) and the Company's bondholders (12.6%, instead of 15% in the original proposal).
The revised Proposal is attached as an appendix to this announcement.

http://www.rns-pdf.londonstockexchange.com/rns/8865E_1-2021-7-12.pdf

 
Beside the aforementioned change, the Proposal will remain unchanged.
 
 
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For further details, please contact:
 
Plaza
 
Ran Yaacovs, CFO                                                  972-546-303-006 
 
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").

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