UNI-EN 52:Update on the International Court of Arbitration case
Firma: PLAZA CENTERS N.V.Spis treści:
1. REPORT
2. INFORMATION ABOUT THE ENTITY
3. SIGNATURE OF PERSONS REPRESENTING THE COMPANY
Spis załączników:
| POLISH FINANCIAL SUPERVISION AUTHORITY | |||||||||||
|
| UNI - EN REPORT No | 52 | / | 2016 | |||||||
| Date of issue: | 2016-12-06 | ||||||||||
| Short name of the issuer | |||||||||||
| PLAZA CENTERS N.V. | |||||||||||
| Subject | |||||||||||
| Update on the International Court of Arbitration case | |||||||||||
| Official market - legal basis | |||||||||||
| Unofficial market - legal basis | |||||||||||
| Contents of the report: | |||||||||||
| Further to the announcement of July 7 2016 regarding the ruling of the International Court of Arbitration, in which Plaza was found liable for an indemnification claim taken by Klepierre S.A. (“Klepierre”) the Company announces that a settlement has been reached. The Company, Elbit Imaging Ltd. (“Elbit”) and the plaintiff, Klepierre have reached a settlement whereby, inter alia, Elbit shall pay €1.2 million to Klepierre and Klepierre shall release all of its claims against the Company, Elbit, and Elbit’s fully owned subsidiary, Elbit Ultrasound (Luxembourgh) B.V./S.À.R.L. In addition, Plaza paid to Klepierre the costs arising from the legal process in the amount of approximately Euro 0.6 million. For further details, please contact: Plaza Dori Keren, Acting 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 20 years | |||||||||||
| Annexes | |||||||||||
| File | Description | ||||||||||
| 16 12 05 PR re ICC_Plaza+FTI.pdf 16 12 05 PR re ICC_Plaza+FTI.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 | ||
| 2016-12-06 | Dori Keren | Acting CEO | |||
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