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Plaza Centers N.V.: Concluding the sale of David House (2017-02-21)

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UNI-EN 4:PLAZA CENTERS COMPLETES THE SALE OF DAVID HOUSE, BUDAPEST

Firma: PLAZA CENTERS N.V.
Spis treści:
1. REPORT
2. INFORMATION ABOUT THE ENTITY
3. SIGNATURE OF PERSONS REPRESENTING THE COMPANY

Spis załączników:
  1. 21 02 16 PR on David House_clean.pdf

POLISH FINANCIAL SUPERVISION AUTHORITY

UNI - EN REPORT No 4 / 2017
Date of issue: 2017-02-21
Short name of the issuer
PLAZA CENTERS N.V.
Subject
PLAZA CENTERS COMPLETES THE SALE OF DAVID HOUSE, BUDAPEST
Official market - legal basis
Unofficial market - legal basis
Contents of the report:
Plaza Centers N.V. (“Plaza” or the “Company”), an emerging markets property developer, announces that one of its wholly owned subsidiaries has concluded the sale of David House, a 2,297 sqm office building in Budapest, Hungary for circa € 3.2 million.

Of the net proceeds, at least 75% will be distributed to the Company’s bondholders on or before 31 March 2017, in line with the Company’s stated amended Restructuring Plan.

Ends
For further details, please contact:

Plaza
Dori Keren, CEO +48 22 231 99 00

FTI Consulting
Dido Laurimore / Claire Turvey / Tom Gough +44 20 3727 1000


Notes to Editors
Plaza Centers N.V. (www.plazacenters.com) is an emerging markets developer of shopping and entertainment centres. It focuses on constructing new centres and, where there is significant redevelopment potential, redeveloping existing centres in both capital cities and important regional centres. The Company 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. Plaza Centers N.V. is an indirect subsidiary of Elbit Imaging Ltd. (“EI”), an Israeli public company whose shares are traded on both the Tel Aviv Stock Exchange in Israel and on the NASDAQ Global Market in the United States. Plaza Centers has been active in real estate development in emerging markets for over 21 years.
Annexes
File Description
21 02 16 PR on David House_clean.pdf
21 02 16 PR on David House_clean.pdf

PLAZA CENTERS N.V.
(fullname of the issuer)
PLAZA CENTERS N.V. Budownictwo (bud)
(short name of the issuer) (sector according to clasification
of the WSE in Warsow)
1016EA Amsterdam
(post code) (city)
Keizergracht 241
(street) (number)
(phone number) (fax)
(e-mail) (web site)
(NIP) (REGON)

SIGNATURE OF PERSONS REPRESENTING THE COMPANY
Date Name Position / Function Signature
2017-02-21 Dori Keren CEO

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