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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Plaza Centers N.v. | LSE:PLAZ | London | Ordinary Share | NL0011882741 | ORD EUR1.00 (CDI) |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 50.00 | 40.00 | 60.00 | 50.00 | 50.00 | 50.00 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Lessors Of Real Property,nec | 192k | -38.95M | -5.6813 | -0.09 | 3.43M |
From Apr 2019 to Apr 2024
TIDMPLAZ
RNS Number : 5733F
Plaza Centers N.V.
21 February 2018
21 February 2018
PLAZA CENTERS N.V.
UPDATE RE DISPUTE WITH THE PURCHASER OF A PLOT IN INDIA
Plaza Centers N.V. ("Plaza" or the "Company") announces, further to its press release dated 18 January 2018, regarding the sale of the100% interest in an SPV (which is held by a subsidiary in which Plaza holds a 50% stake with its joint venture partner, Elbit Imaging Ltd.),that holds property in Bangalore, India, to a local investor (the "Agreement" and the "Purchaser" respectively), that, despite the notice by the Purchaser that remaining payments under the Agreement will be stopped, the Purchaser has paid the January installment in the amount of INR 5 Crores (circa EUR0.62 million).
To date, since the signing of the Agreement, the Purchaser has paid non-refundable advance payments totaling INR 45 Crores (circa EUR 5.94 million), out of the total consideration of INR 338 Crores (circa EUR43.4 million) due under the Agreement.
The Company continues to reject the Purchaser's claims and is constantly evaluating its options and considering its legal rights.
Ends
For further details, please contact:
Plaza
Dori Keren, CEO +48 22 231 99 00
FTI Consulting
Dido Laurimore / Claire Turvey / Tom Gough +44 20 3727 1000
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. 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 22 years.
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCLLFSRFTILFIT
(END) Dow Jones Newswires
February 21, 2018 12:30 ET (17:30 GMT)
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