REG - Plaza Centers N.V. - UPDATE RE ARBITRATION PROCESS AGAINST ROMANIA

Plaza Centers NVAnnouncement

19/11/2025 16:15

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20251119:nRSS2365Ia&default-theme=true

RNS Number : 2365I  Plaza Centers N.V.  19 November 2025

 

November 19(th), 2025

 

 

PLAZA CENTERS N.V.

UPDATE REGARDING ARBITRATIONS AGAINST ROMANIA WITH RESPECT TO THE "CASA RADIO"
PROJECT

 

Further to its last announcement dated October 28(th), 2025, Plaza Centers N.V. ("Plaza" or the "Company") announces today that, regarding the ongoing arbitration proceedings before the London Court of International Arbitration (LCIA) initiated by the Ministry of Finance of Romania ("Romania") in relation to the Casa Radio / Dâmbovița Center Project in Bucharest, Romania filed a  further version of its Statement of Claim today.
 
This further version of the Statement of Claim provides a different formulation of the relief sought by Romania. The alleged losses claimed by Romania, which was reported in Plaza's announcement dated October 28(th), 2025 to be c. EUR 2 billion in total, are no longer presented cumulatively, with particular alleged losses now described as alternatives.
 
Plaza remains committed to protecting the interests of its shareholders and continues to comply with all applicable disclosure obligations as a listed company and to respect the confidentiality of the arbitral process. At this stage, the Company cannot reliably assess the potential financial impact of the arbitration.
 

Ends

 

 

For further details, please contact:

 

Plaza

 

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

 

Notes to Editors

 

Plaza Centers N.V. (www.plazacenters.com) is listed on the Main Board of the
London Stock Exchange (LSE: "PLAZ"), on the Warsaw Stock Exchange (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  STRFFSFMUEISESF



            Copyright 2019 Regulatory News Service, all rights reserved