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PLAZA CENTERS N.V.: PLAZA CENTERS N.V. ANNOUNCES AN UPDATE REGARDING THE DISPUTE IN CONNECTION WITHTHE PLOT IN CHENNAI, INDIA

2019-03-04 13:14
publikacja
2019-03-04 13:14
Spis treści:

1. REPORT

2. INFORMATION ABOUT THE ENTITY

3. SIGNATURE OF PERSONS REPRESENTING THE COMPANY


Spis załączników:
Plaza_Chennai_Arbitration_isa.pdf  (REPORT)

POLISH FINANCIAL SUPERVISION AUTHORITY
UNI - EN REPORT No 9 / 2019
Date of issue: 2019-03-04
Short name of the issuer
PLAZA CENTERS N.V.
Subject
PLAZA CENTERS N.V. ANNOUNCES AN UPDATE REGARDING THE DISPUTE IN CONNECTION WITHTHE PLOT IN CHENNAI, INDIA
Official market - legal basis
Unofficial market - legal basis
Contents of the report:
Plaza Centers N.V. (“Plaza” or the “Company”) announced today, further to its press release dated February 11, 2019, regarding the termination of the Joint Development Agreement and the Term Sheet between Elbit Plaza India Real Estate Holdings Limited (a subsidiary held by the Company (50%) and Elbit Imaging ltd. (50%)) ("EPI") and a potential buyer (the "Purchaser") for the sale of a plot in Chennai, India for a total consideration of approximately Euro 13.2 million, that the SPV (a subsidiary of EPI) holding the plot in Chennai has initiated an arbitration proceeding against the Purchaser in accordance with the Arbitration Rules of the Singapore International Arbitration Centre (As required by the agreement between the parties).

The reliefs sought in the framework of the arbitration are as follows: (a) a declaration that the JDA stands validly is terminated; and (b) to instruct the Purchaser to compensate for damages caused due to the breach of the Joint Development Agreement by the Purchaser.

Ends

For further details, please contact:

Plaza
Avi Hakhamov, Acting CEO +36 1 6104523


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 has been active in real estate development in emerging markets for over 23 years.
Annexes
File Description
Plaza_Chennai_Arbitration_isa.pdfPlaza_Chennai_Arbitration_isa.pdf

PLAZA CENTERS N.V.
(fullname of the issuer)
PLAZA CENTERS N.V. Budownictwo (bud)
(short name of the issuer) (sector according to clasification
of the WSE in Warsow)
1012 AC Amsterdam
(post code) (city)
Prins Hendrikkade 48-2
(street) (number)
(phone number) (fax)
(e-mail) (web site)
(NIP) (REGON)

SIGNATURE OF PERSONS REPRESENTING THE COMPANY
Date Name Position / Function Signature
2019-03-04 Avi Hakhamov Acting CEO
Źródło:Komunikaty spółek (ESPI)
Tematy
Najlepsze konta premium – wrzesień 2025 r.
Najlepsze konta premium – wrzesień 2025 r.
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