Plaza Centers N.V. UPDATE RE ARBITRATION PROCESS AGAINST ROMANIA
October 22 2024 - 2:50AM
RNS Regulatory News
RNS Number : 0996J
Plaza Centers N.V.
22 October 2024
October 22nd,
2024
PLAZA CENTERS
N.V.
UPDATE REGARDING ARBITRATION
AGAINST ROMANIA WITH RESPECT TO THE "CASA RADIO"
PROJECT
Further to its last announcement
dated July 17th, 2024, Plaza Centers N.V.
("Plaza" or the
"Company")
announces today that, on 21st October, 2024 Plaza
submitted its response to the London Court of International
Arbitration regarding the arbitration
initiated by the Ministry of Finance of Romania over the "Casa
Radio" project.
Plaza denies all claims made by
Romania and has filed a counterclaim seeking damages for Romania's
breaches of the Public-Private Partnership (PPP) Agreement in
respect of the loss of the value of its 75% shareholding in the
Project Company.
The hearing for the ICSID
arbitration, initiated by Plaza against Romania, is scheduled to
commence in November 2024.
Ends
For
further details, please contact:
Plaza
Ron Hadassi, Executive
Director;
972-526-076-236
Notes to
Editors
Plaza Centers N.V.
(www.plazacenters.com) is listed on the Main Board of the London
Stock Exchange (LSE: "PLAZ"), on the Warsaw Stock Exchange (WSE:
"PLZ/PLAZACNTR") and on the Tel Aviv Stock Exchange
("PLAZ").
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