Plaza Centers N.V. SALE OF THE PLOT IN CHENNAI (4071J)
December 04 2018 - 7:40AM
UK Regulatory
TIDMPLAZ
RNS Number : 4071J
Plaza Centers N.V.
04 December 2018
December 4, 2018
PLAZA CENTERS N.V.
UPDATE REGARDING THE TERM SHEET FOR THE SALE OF THE PLOT IN
CHENNAI, INDIA
Plaza Centers N.V. ("Plaza" or the "Company") announces today,
further to its press releases dated October 18, 2018 and November
7, 2018, regarding a term sheet for the sale of its 50% stake in a
74.7 acre plot in Chennai, India (the "Plot") for a total
consideration of approximately Eur 13.2 million, (the
"Consideration"); that the closing date of the transaction has been
extended to January 7, 2019 (the "Closing Date"). In addition, the
Company and the buyer agreed that instead of the Eur 1.25 million
that the buyer was supposed to deposit in advance on account of the
Consideration, the buyer will pay the Company an additional
consideration that will be calculated as an annual interest of 12%
on the Consideration amount (calculated from December 1, 2018 till
the Closing Date).
All other terms and conditions of the agreement shall remain
unchanged. The Company will update regarding any new
developments.
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 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 22 years.
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of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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