Plaza Centers N.V. UPDATE RE PLAZA MUP PLOT SALE IN BELGRADE (7448V)

TIDMPLAZ

RNS Number : 7448V

Plaza Centers N.V.

01 February 2017

1 February 2017

PLAZA CENTERS N.V.

UPDATE RE PLAZA MUP PLOT SALE IN BELGRADE

Plaza Centers N.V. ("Plaza" or the "Company"), an emerging markets property developer, announces that, further to its announcement on 17 May 2016 regarding the sale of its wholly owned subsidiary, which holds the "MUP" plot and related real estate in Belgrade in Serbia, the Company has agreed with the buyer to bring forward the payment of EUR4.2 million out of the third scheduled payment amount of EUR4.6 million in a discount transaction with a present value of circa EUR4.05 million. The remainder of the purchase price will be paid as originally agreed between the parties.

Ends

For further details, please contact:

Plaza

Dori Keren, CEO [phone]

FTI Consulting

   Dido Laurimore / Claire Turvey / Tom Gough                              [phone] 

Notes to Editors

Plaza Centers N.V. (www.plazacenters.com) is an emerging markets developer of shopping and entertainment centres. It focuses on constructing new centres and, where there is significant redevelopment potential, redeveloping existing centres in both capital cities and important regional centres. The Company 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. Plaza Centers N.V. is an indirect subsidiary of Elbit Imaging Ltd. ("EI"), an Israeli public company whose shares are traded on both the Tel Aviv Stock Exchange in Israel and on the NASDAQ Global Market in the United States. Plaza Centers has been active in real estate development in emerging markets for over 21 years.

This information is provided by RNS

The company news service from the London Stock Exchange

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February 01, 2017 07:00 ET (12:00 GMT)