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

Plaza Centers NVAnnouncement

05/12/2024 16:00

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RNS Number : 0321P  Plaza Centers N.V.  05 December 2024

December 05, 2024

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 December 4, 2023 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, 2025.

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

 

Notes to Editors

Plaza Centers N.V. (https://plazacenters.com/ (https://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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