Plaza Centers N.V. UPDATE REGARDING THE PRE-SALE AGREEMENT-CASA RADIO (4087L)
September 05 2019 - 10:17AM
UK Regulatory
TIDMPLAZ
RNS Number : 4087L
Plaza Centers N.V.
05 September 2019
September 5, 2019
PLAZA CENTERS N.V.
UPDATE REGARDING THE PRE-SALE AGREEMENT FOR THE SALE OF THE
COMPANY'S INDIRECT SHAREHOLDINGS IN THE DAMBOVITA CENTER PROJECT
("CASA RADIO")
Plaza Centers N.V. ("Plaza" or the "Company") announced today,
further to its announcement dated July 4, 2019 regarding the
pre-sale agreement (the "Agreement") with AFI Europe N.V. ("AFI",
and together with the Company, the "Parties") for the sale of its
entire indirect shareholdings (75%) in the Casa Radio Project (the
"Project"), for a maximum consideration of EUR 60 million, subject
to the fulfilment of certain conditions (the "Transaction"), that
in accordance with the Agreement, AFI has paid the down payment of
EUR 200,000.
As previously disclosed, the Parties will now have 15 months to
execute a share purchase agreement, subject to the satisfaction of
conditions precedent (the "SPA").
There can be no certainty that the SPA will eventually be
executed and/or that the Transaction will be consummated as
presented above or at all.
Ends
For further details, please contact:
Plaza
Avi Hakhamov, Executive Director +36 1 6104523
Forward-looking statements
This press release may contain forward-looking statements with
respect to the possibility of completing the Transaction with the
Purchaser. 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 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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