Plaza Centers N.V. UPDATE ON THE PRE-SALE OF DAMBOVITA CENTER PROJECT (2640W)
December 20 2021 - 12:49PM
UK Regulatory
TIDMPLAZ
RNS Number : 2640W
Plaza Centers N.V.
20 December 2021
December 20 , 2021
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
that further to its previous announcement dated November 2, 2020
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 subsidiary (the "SPV") which holds 75% in the Casa
Radio Project (the "Project") ; that the Parties have signed an
addendum to the Agreement (the "Addendum") which pursuant to the
Addendum the Parties agreed to extend the Long Stop Date, which is
the date on which the parties will execute a share purchase
agreement, subject to the satisfaction of conditions precedent (the
"SPA" ( , until December 31, 2022.
In addition, for the avoidance of doubt, the extension of the
Long Stop Date as stated above, has been approved at the Company's
bondholders' meetings which were held on November 25, 2021.
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
Ran Yaacovs, CFO 972-546-303-006
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, 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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