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Plaza Centers N.V.: Agreement for the sale of plot in Athens (2018-12-27)

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UNI-EN 32:DEFINITIVE AGREEMENT FOR THE SALE OF A PLOT IN GREECE

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

Spis załączników:
  1. Plaza - Greece - 27_12_18 Final.pdf

POLISH FINANCIAL SUPERVISION AUTHORITY

UNI - EN REPORT No 32 / 2018
Date of issue: 2018-12-27
Short name of the issuer
PLAZA CENTERS N.V.
Subject
DEFINITIVE AGREEMENT FOR THE SALE OF A PLOT IN GREECE
Official market - legal basis
Unofficial market - legal basis
Contents of the report:
Plaza Centers N.V. (“Plaza” or the “Company”) announces today, further to the Company's updated cash flow published by the Company on December 13, 2018, that it has signed a definitive agreement for the sale of its (indirectly) 100% stake (on an "as is" basis) in a circa 15,000 sqm plot in Athens, Greece, for a total gross amount of EUR 1,050,000 (out of which EUR 300,000 has already been received as advance payments during 2017).

The total expected net proceeds to the Company, following the deduction of working capital adjustments in accordance with the balance sheet of the SPV and transaction costs, are estimated to be circa EUR 660,000.



Ends
For further details, please contact:


Plaza
Avi Hakhamov, Acting CEO +36 1 6104523


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. Plaza Centers has been active in real estate development in emerging markets for over 22 years.
Annexes
File Description
Plaza - Greece - 27_12_18 Final.pdf
Plaza - Greece - 27_12_18 Final.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)
1012 AC Amsterdam
(post code) (city)
Prins Hendrikkade 48-2
(street) (number)
(phone number) (fax)
(e-mail) (web site)
(NIP) (REGON)

SIGNATURE OF PERSONS REPRESENTING THE COMPANY
Date Name Position / Function Signature
2018-12-27 Avi Hakhamov Acting CEO

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