Plaza Centers N.V. UPDATE RE ARBITRATION PROCESS AGAINST ROMANIA

RNS Number : 7644W

Plaza Centers N.V.

17 July 2024

 

 

July 17^th, 2024

 

 

PLAZA CENTERS N.V.

UPDATE REGARDING ARBITRATION AGAINST ROMANIA WITH RESPECT TO THE "CASA RADIO" PROJECT

 

Further to its last announcements, Plaza Centers N.V. ("Plaza" or the "Company") announces today that, on 15^th July, 2024 Plaza received a notice, on behalf of the Ministry of Finance of Romania, to start an arbitration procedure under the rules of the London Court of International Arbitration (hereafter: "Request") against the Company, Elbit Imaging Ltd and a third-party private investor (the Company, Elbit Imaging Ltd and the third-party private investor will be collectively referred to below as: "the Respondents"). As part of the request, the Ministry of Finance of Romania demands compensation from the Respondents amounting to approximately EUR 96 million (before VAT and interest).

The Company is in the process of analyzing the arbitration notice received.

 

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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