REG - Plaza Centers N.V. - UPDATE REGARDING THE "CASA RADIO" PROJECT

Plaza Centers NVAnnouncement

17/05/2022 07:01

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RNS Number : 6927L  Plaza Centers N.V.  17 May 2022

May 17, 2022

 

PLAZA CENTERS N.V.

UPDATE REGARDING SUBMISSION OF A REQUEST FOR ARBITRATION AGAINST ROMANIA WITH
RESPECT TO THE "CASA RADIO" PROJECT

 

Further to its previous announcements dated January 14, 2022 and February 15, 2022, Plaza Centers N.V. ("Plaza" or the "Company") announces today that having already issued a Notice of Dispute and Acceptance of Offer and Consent to Arbitrate to Romania with respect to the "Casa Radio" project (the "Project") on February 14, 2022, the Company submitted a Request for Arbitration against Romania with respect to the Project at the International Centre for Settlement of Investment Disputes on May 16, 2022. The Company seeks full compensation for its losses with respect to the Project, currently estimated to be up to EUR 262,200,000.
 

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, and, on the Warsaw Stock Exchange (LSE: "PLAZ", WSE:
"PLZ/PLAZACNTR") and, on the Tel Aviv Stock Exchange("PLAZ").

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