Plaza Centers N.V. Update on disposal of land Plot in Miercurea Ciuc (7138U)
April 01 2019 - 9:40AM
UK Regulatory
TIDMPLAZ
RNS Number : 7138U
Plaza Centers N.V.
01 April 2019
01 April 2019
PLAZA CENTERS N.V.
Update on disposal of Plot of land in Miercurea Ciuc,
Romania
Plaza Centers N.V. ("Plaza" or the "Company") announces that
following negotiations with the purchaser, the parties agreed and
signed today an addendum to the pre-agreement (the "Addendum") that
provided as follows: (i) the signing date of a definitive sale
purchase agreement will be postponed by 3 months to mid-July 2019
(ii) the receipt of additional non-refundable advance payments of
EUR 150,000 today and EUR 100,000 by the mid of April 2019, and
(iii) the sale price will be increased by EUR 30,000.
This addendum is executed further to the Company's announcement
dated on October 17, 2018 regarding signing the pre-agreement for
the sale of plot of land in Miercurea Ciuc, Romania in which the
Company granted an option for the purchase of the plot till
mid-April 2019 for a total price of EUR 1,550,000. The Company has
received the amount of EUR 110,000 up to the execution date of the
Addendum, including March 2019 (non-refundable payments).
To the extent that the Company will enter into a definitive
agreement and consummates the transaction, the Company expects to
receive EUR 1,320,000 (excluding non-refundable advance
payments).
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 has been active in real
estate development in emerging markets for over 23 years.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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