REG - Plaza Centers N.V. - UPDATE REGARDING THE PLOT IN BANGALORE, INDIA

Plaza Centers NVAnnouncement

01/07/2020 18:50

RNS Number : 7782R
  
Plaza Centers N.V.
  
01 July 2020
  
 

 
 
 
 
 
PLAZA CENTERS N.V.
UPDATE REGARDING THE PLOT IN BANGALORE, INDIA
 
Plaza Centers N.V. ("Plaza" or the "Company") announces today, further to Note 6.b (1) of the Company's 2019 financial statements, regarding the draft of the Revised Master Plan-2031, under which it was proposed to change the zoning of most of the plot in Bangalore from residential to open space/ parks/recreation zone (the "Master Plan"), which if given effect would have adversely affected the development prospects on the plot; that the Master Plan has been withdrawn by the Government of Karnataka.


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, as of 19 October 2007, on the Warsaw Stock Exchange (LSE: “PLAZ”, WSE: “PLZ/PLAZACNTR”) and, on the Tel Aviv Stock Exchange.
 
 
 
 


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