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Plaza Centers N.V.: Dutch court approves debt restructuring plan (2014-07-10)

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UNI-EN 20:DUTCH COURT APPROVES DEBT RESTRUCTURING PLAN

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

Spis załączników:
  1. 2014-07-10 Plaza Centers - confirmation hearing - Final.pdf

POLISH FINANCIAL SUPERVISION AUTHORITY









UNI - EN REPORT No 20 / 2014





Date of issue: 2014-07-10
Short name of the issuer
PLAZA CENTERS N.V.
Subject
DUTCH COURT APPROVES DEBT RESTRUCTURING PLAN
Official market - legal basis
Inne uregulowania
Unofficial market - legal basis
Contents of the report:
Plaza announces that today, following the confirmation hearing held on 8 July 2014, the Dutch Court has confirmed the Dutch restructuring plan (the “Plan"). This follows the Company receiving approval from 92% of creditors voting in favour of the Plan.

As previously announced, approval of the Plan defers the principal maturities of the Company’s Series A and Series B bonds for at least 3.5 years and provides bondholders with significantly improved terms, including additional interest of 1.5% p.a; 13.21% of the shares in the Company post its proposed EUR 20 million rights issuance; certain covenants on operations; and an option for early repayments when any assets may be sold.


The Plan together with a prospectus detailing the proposed amendments to the terms of the Israeli Series A and Series B bonds, as well as other provisions applicable to the relevant creditors, is available to view on the Company’s website at: www.plazacenters.com.


For further details, please contact:

Plaza
Ran Shtarkman, President and CEO +36 1 462 7221
Roy Linden, CFO +36 1 462 7222

FTI Consulting
Stephanie Highett / Nina Legge +44 20 3727 1000

Notes to Editors
Plaza Centers N.V. (www.plazacenters.com) is a leading emerging markets developer of shopping and entertainment centres with operations in Central and Eastern Europe and India. 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 dual listed on the Main Board of the London Stock Exchange and, as of 19 October 2007, the Warsaw Stock Exchange (LSE:"PLAZ", WSE: “PLZ/PLAZACNTR"). 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 the NASDAQ Global Market in the United States. It has been active in real estate development in emerging markets for over 18 years.
Annexes
File Description
2014-07-10 Plaza Centers - confirmation hearing - Final.pdf
2014-07-10 Plaza Centers - confirmation hearing - 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)
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
2014-07-10 Ran Shtarkman President and CEO

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