UNI-EN 5:UPDATE REGARDING THE AGREEMENT TO SELL ITS HOLDINGS IN THE PROJECT IN BANGALORE, INDIA
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 | 5 | / | 2019 | |||||||
| Date of issue: | 2019-02-04 | ||||||||||
| Short name of the issuer | |||||||||||
| PLAZA CENTERS N.V. | |||||||||||
| Subject | |||||||||||
| UPDATE REGARDING THE AGREEMENT TO SELL ITS HOLDINGS IN THE PROJECT IN BANGALORE, INDIA | |||||||||||
| Official market - legal basis | |||||||||||
| Unofficial market - legal basis | |||||||||||
| Contents of the report: | |||||||||||
| Plaza Centers N.V. (“Plaza” or the “Company”) announces today, further to its press release dated December 13, 2018, regarding an agreement (the "Agreement") signed by Elbit Plaza India Real Estate Holdings Limited(a subsidiary held by the Company (47.5%) and Elbit Imaging Ltd. (47.5%)) ("EPI"), for the sale of a 100% interest in a Special Purpose Vehicle which holds a site in Bangalore, India, to a local investor(the "Purchaser") in consideration for circa €43 million (the "Consideration"); that the Purchaser defaults on payments of Circa EUR 1.86 million (Rs 15.25 Crore) that were supposed to be paid up to and include end of January 2019 (Plaza Part EUR 0.93 million) according to the signed restated amendment agreement. The Purchaser has mortgaged in favor of EPI approximately 8.7 acres of plots in Bangalore as collateral for completion of the transaction. Simultaneously, EPI is considering all legal measures available to it to protect its interest. As of the date hereof, the Purchaser paid to EPI a total of circa EUR 9.1 million (Rs. 70.75 crore) on account of the Consideration (Plaza Part circa EUR 4.55 million), which EPI is entitled to forfeit if the Purchaser does not close the transaction as per the Agreement. Ends For further details, please contact: Plaza Avi Hakhamov, Acting CEO +36 1 6104523 Forward-looking statements This press release may contain forward-looking statements with respect to Plaza Centers N.V. future(financial) performance and position. Such statements are based on current expectations, estimates and projections of Plaza Centers N.V. and information currently available to the company. Plaza Centers N.V. cautions readers that such statements involve certain risks and uncertainties that are difficult to predict and therefore it should be understood that many factors can cause actual performance and position to differ materially from these statements. Plaza Centers N.V. has no obligation to update the statements contained in this press release, unless required by law. 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 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 23years. | |||||||||||
| Annexes | |||||||||||
| File | Description | ||||||||||
| PR_re_updated_04_02_19_Final_isa.pdf PR_re_updated_04_02_19_Final_isa.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 | ||
| 2019-02-04 | Avi Hakhamov | Acting CEO | |||
Cena akcji Plazacntr
Cena akcji Plazacntr w momencie publikacji komunikatu to 3.4 PLN. Sprawdź ile kosztuje akcja Plazacntr aktualnie.
W tej sekcji znajdziesz wszystkie komunikaty ESPI EBI Plazacntr.
