Plaza Centers N.V. PROPOSED DEBT RESTRUCTURING OF ELBIT IMAGING LTD (8222Y)
February 27 2013 - 10:20AM
UK Regulatory
TIDMPLAZ
RNS Number : 8222Y
Plaza Centers N.V.
27 February 2013
27 February 2013
PLAZA CENTERS N.V.
("Plaza" or the "Company")
PROPOSED DEBT RESTRUCTURING OF ELBIT IMAGING LTD, PLAZA CENTERS'
PARENT COMPANY
Plaza Centers N.V, a leading emerging markets property
developer, would like to notify shareholders that Elbit Imaging ltd
("Elbit"), Plaza's parent company, has reached a non-binding
agreement which may result in a restructuring of Elbit's debt and a
possible conversion of some of Elbit's bond or loan note holders
into equity holders.
The board of Plaza do not anticipate that the potential outcome
of Elbit's proposed debt restructuring will materially impact the
day to day running of the Company's business and its key strategic
priorities.
Further details of Elbit's proposed debt restructuring can be
found here
http://maya.tase.co.il/bursa/report.asp?report_cd=798238
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/Daniel O'Donnell +44 20 7831 3113
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, India and the USA. 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. Plaza Centers is a
member of the Europe Israel Group of companies which is controlled
by its founder, Mr Mordechay Zisser. It has been active in real
estate development in emerging markets for over 17 years.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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