PLAZA CENTERS N.V.: PRELIMINARY SALE OF PLOT IN LODZ, POLAND

2017-06-13 16:01

publikacja
2017-06-13 16:01

Spis treści:

3. SIGNATURE OF PERSONS REPRESENTING THE COMPANY

Spis załącznikĂłw:
17_06_06_Preliminary_sale_of_Lodz_retail_plot_final_.pdf (REPORT)

POLISH FINANCIAL SUPERVISION AUTHORITY
		UNI - EN REPORT No		19	/	2017
Date of issue:	2017-06-13
Short name of the issuer
PLAZA CENTERS N.V.
Subject
PRELIMINARY SALE OF PLOT IN LODZ, POLAND
Official market - legal basis
Unofficial market - legal basis
Contents of the report:
Plaza Centers N.V. (“Plaza” or the “Company”) announces that it has signed a preliminary sale agreement for the disposal of a 13,770 sqm plot at its second land holding in Lodz, Poland, (representing 22% of this holding) to a retail developer, for €1.2 million. As part of the agreement, the purchaser will pay advance payments totalling 10% of the sale price, comprising an immediate instalment of €35,000 followed by an instalment of €85,000 when the purchaser obtains zoning. The remaining balance will be paid once a building permit has been obtained for development of the land which is expected to be granted within 12-15 months from the signing of this preliminary sale agreement. In line with the Company’s stated amended restructuring plan, 75% of the net cash proceeds will be distributed to Plaza’s bondholders
Annexes
File			Description
17 06 06 Preliminary sale of Lodz retail plot_final .pdf17 06 06 Preliminary sale of Lodz retail plot_final .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
2017-06-13	DORI KEREN	CEO

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