Plaza Centers N.V. Trading Halt Notice (8183C)
June 23 2021 - 2:02AM
UK Regulatory
TIDMPLAZ
RNS Number : 8183C
Plaza Centers N.V.
23 June 2021
23 June 2021
PLAZA CENTERS N.V.
Trading Halt Notice
Plaza Centers N.V. ("Plaza" or the "Company") announces today
that as a consequence of Euroclear UK & Ireland Limited's
("EUI") recognition as a third country central securities
depository by European Securities and Market Authority expiring on
30 June 2021 (as a result of Brexit), EUI will be unable to provide
relevant services in respect of Plaza's depositary interests that
settle within the CREST system. EUI will therefore suspend and
withdraw all Plaza's depositary interests from the CREST system on
30 June 2021.
To facilitate Plaza's shares to continue to be represented in
the CREST system by way of depositary interests, Plaza is in the
process of agreeing certain operational amendments to the trust
deed poll relating to the depositary interests; and it is also in
advanced negotiations with an EU authorised central security
depositary who will be able to provide the relevant services to
Plaza. Certain amendments to the Company's articles of association
required to facilitate these new arrangements have been tabled for
shareholder approval at the shareholders meeting to be held on 30
June 2021.
As the necessary arrangements are still in the process of being
put in place and with EUIs recognition as a third country central
securities depository by ESMA expiring on 30 June 2021, trading in
the Company's shares will be halted on the London Stock Exchange
and the Tel Aviv Stock Exchange on 25 June 2021 from close of
trading and has applied for suspension of trading of its shares on
the Warsaw Stock Exchange effective from close of trading on 25
June 2021. The trading halt will remain in place until Plaza has
finalised its proposed solution, which the Company is aiming to
have in place by the end of July 2021. Plaza will provide updates
in due course in connection with its proposed solution and will
confirm when trading of its shares on the respective markets will
resume.
This trading halt does not impact the trading of Plaza's bonds
listed on the Tel Aviv Stock Exchange.
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, and, on the Warsaw Stock
Exchange (LSE: "PLAZ", WSE: "PLZ/PLAZACNTR") and, on the Tel Aviv
Stock Exchange("PLAZ").
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END
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