Plaza Centers N.V. Re Casa Radio Project (3246T)
March 29 2016 - 3:00AM
UK Regulatory
TIDMPLAZ
RNS Number : 3246T
Plaza Centers N.V.
29 March 2016
29 March 2016
Plaza Centers N.V.
Plaza Centers ("Plaza" or the "Company") announces that the
Board and Management have become aware of certain issues with
respect to certain agreements that were executed in the past in
connection with the Casa Radio Project in Romania. In order to
address this matter, the Board has appointed the chairman of the
Audit Committee to investigate the matters internally. The Board
has also appointed independent law firms to perform an independent
review of the issues raised.
The Company has approached and is co-operating fully with the
relevant Romanian Authorities regarding the matters that have come
to its attention in this respect and it has submitted its findings
to the Romanian Authorities.
As the investigation of this matter is ongoing the Company in
unable to comment on any details related to this matter.
END
For further details, please contact:
Plaza
David Dekel, Chairman of the Tel: +31 20 890
Audit Committee 6972
FTI Consulting
Dido Laurimore / Claire Turvey Tel: +44 20 3727
/ Tom Gough 1000
ABOUT PLAZA CENTERS
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
listed on the Main Board of the London Stock Exchange, the Warsaw
Stock Exchange and, as of 27 November 2014, the Tel Aviv Stock
Exchange (LSE:"PLAZ"; WSE: "PLZ/PLAZACNTR"; TASE: "PLAZ"). 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 20 years.
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCEAFDPAFPKEAF
(END) Dow Jones Newswires
March 29, 2016 03:00 ET (07:00 GMT)
Plaza Centers N.v (LSE:PLAZ)
Historical Stock Chart
From Jun 2024 to Jul 2024
Plaza Centers N.v (LSE:PLAZ)
Historical Stock Chart
From Jul 2023 to Jul 2024