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

Plaza Centers NVAnnouncement

20/12/2021 17:50

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RNS Number : 2640W  Plaza Centers N.V.  20 December 2021

December 20, 2021

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 announcement dated November 2, 2020 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, 2022.

 

In addition, for the avoidance of doubt, the extension of the Long Stop Date
as stated above, has been approved at the Company's bondholders' meetings
which were held on November 25, 2021.

 

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

Ran Yaacovs,
CFO
           972-546-303-006

 

Forward-looking statements

This press release may contain forward-looking statements with respect to the
possibility of completing the Transaction with the Purchaser. 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. Plaza Centers N.V. has no obligation to update the
statements contained in this press release, unless required by law.

 

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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