Plaza Centers: Israeli Court Closes Motion Filed by Shareholder
February 17 2020 - 3:43AM
Dow Jones News
By Anthony O. Goriainoff
Plaza Centers NV (PLAZ.LN) said on Monday that the District
Court in Tel-Aviv, Israel decided that a motion lodged against it
by a shareholder will be closed without an order for expenses.
The property developer, which is listed in London, Warsaw and
Tel Aviv, said the court decided there is no dispute between the
parties and that the motion was answered as the shareholder
received some of the documents requested.
The company said that the motion was originally filed in March,
2018 with the court's Financial Department. The shareholder wanted
the company, and Elbit Imaging Ltd., to reveal and review internal
documents surrounding certain agreements signed in connection with
the Casa Radio Project in Romania and the sale of the U.S.
portfolio.
Plaza said at the time that these events had been previously
announced and were detailed in the notes of its financial
statements.
Shares at 0810 GMT were flat at 37.50 pence.
Write to Anthony O. Goriainoff at
anthony.orunagoriainoff@dowjones.com
(END) Dow Jones Newswires
February 17, 2020 03:28 ET (08:28 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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