Plaza Centers N.V. Statement re Tax Authority Investigation (3155U)
March 27 2023 - 4:51AM
UK Regulatory
TIDMPLAZ
RNS Number : 3155U
Plaza Centers N.V.
27 March 2023
March 27 , 2023
PLAZA CENTERS N.V.
TAX AUTHORITY INVESTIGATION AT ELBIT PLAZA INDIA MANAGEMENT
SERVICES PRIVATE LIMITED
Plaza Centers N.V. ("Plaza" or the "Company") announced today
that investigators on behalf of the Tax Authority of the state of
India, arrived at the offices of Elbit Plaza India Management
Services Private Limited (which is a private company wholly owned
by Elbit Plaza India Real Estate Holdings Limited) (hereinafter:
"EPM"), conducted a search and seized certain documents relating to
EPM's activities/transactions in India in recent years and also
collected statements from some of EPM employees/managers as well as
EPM's consultants in India. In addition, EPM managers were required
to provide additional data in connection with EPM's operations in
India and to refrain from any disposition of EPM's assets.
EPM is fully cooperating, however at this stage it is not yet
clear what the purpose of the investigation is, including whether
EPM is the purpose of the investigation or whether the
investigation is related to any third party. The Company will
update on any development.
Ends
For further details, please contact:
Plaza
Ron Hadassi, Executive director; 972-526-076-236
Forward-looking statement
This press release may contain forward-looking statements with
respect to the completion of the transaction. 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.
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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March 27, 2023 04:51 ET (08:51 GMT)
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