Plaza Centers N.V. UPDATE REGARDING THE MOTION (1350D)
February 17 2020 - 2:00AM
UK Regulatory
TIDMPLAZ
RNS Number : 1350D
Plaza Centers N.V.
17 February 2020
February 17, 2020
P LA ZA C E NTE RS N . V.
UPDATE REGARDING THE MOTION TO REVEAL AND REVIEW INTERNAL
DOCUMENTS
Plaza Centers N.V. ("Plaza" or the "Company") announces today,
further to its announcement dated March 29, 2018, and further to
the disclosure in note 8g. of the Company's semi-annual financial
statements 2019, that on February 16, 2020, the District Court in
Tel-Aviv, Israel, decided that since there is no dispute between
the parties that the motion was answered as the shareholder
received some of the documents requested by him, and he is not
about to receive additional documents; that the motion will be
closed without an order for expenses. The shareholder and the
Company are free to act as they deem appropriate with regard to the
possibility of filing a claim in the future based on the grounds of
claim stated by the shareholder in his motion, in whole or in
part.
Ends
For further details, please contact:
Plaza
Ran Yaacovs, CFO 972-546-303-006
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.
[1] In March 2018, a shareholder of the Company filed a motion
with the Financial Department of the District Court in Tel-Aviv to
reveal and review internal documents of the Company and of Elbit
Imaging Ltd., with respect to events surrounding certain agreements
executed in connection with the Casa Radio Project in Romania and
the sale of the U.S. commercial centers. The parties reached a
procedural agreement whereby, the Company and Elbit Imaging Ltd.
will share with the shareholder, under their sole discretion, some
of the documents from the documents requested
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END
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