Plaza Centers N.V. PROPOSAL RECIEVED FROM G.C HEVRON CAPITAL LTD. (8293E)
July 09 2021 - 12:57PM
UK Regulatory
TIDMPLAZ
RNS Number : 8293E
Plaza Centers N.V.
09 July 2021
July 9 , 2021
PLAZA CENTERS N.V.
UPDATE REGARDING RECEIVED PROPOSAL FROM G.C HEVRON CAPITAL
LTD.
Plaza Centers N.V. (" Plaza " or the " Company ") announces
today, that the Company received a proposal from G.C Hevron Capital
Ltd (" Hevron Capital ") (the " Proposal "). According to the
Proposal, the Company's existing assets will be preserved in order
to continue repaying the Company's obligations to its bondholders,
while simultaneously enabling the flow of new activity to the
Company in order to maximize profits for all the Company's
shareholders and bondholders.
The Proposal is attached as an appendix to this
announcement.
http://www.rns-pdf.londonstockexchange.com/rns/8293E_1-2021-7-9.pdf
The Company's Board of Directors discussed and reviewed the
Proposal and accordingly decided to recommend to accept the Hevron
Capital's request for 60 days of No-Shop, in which Hevron Capital
will conduct Due Diligence.
Without derogating from the aforementioned, the Proposal will be
presented before to Company's bondholders in the upcoming
bondholders meeting which will be held on July 13, 2021.
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.
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END
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