REKLAMA

PLAZA CENTERS N.V.: UPDATE REGARDING SALE OF ITS HOLDINGS IN THE PROJECT IN CHENNAI, INDIA

2021-06-02 18:23
publikacja
2021-06-02 18:23
Spis treści:

1. REPORT

2. INFORMATION ABOUT THE ENTITY

3. SIGNATURE OF PERSONS REPRESENTING THE COMPANY


Spis załączników:
Plaza_Pr_Chennai_India_Addendum_2_6_2021_isa.pdf  (REPORT)

POLISH FINANCIAL SUPERVISION AUTHORITY
UNI - EN REPORT No 14 / 2021
Date of issue: 2021-06-02
Short name of the issuer
PLAZA CENTERS N.V.
Subject
UPDATE REGARDING SALE OF ITS HOLDINGS IN THE PROJECT IN CHENNAI, INDIA
Official market - legal basis
Unofficial market - legal basis
Contents of the report:
Plaza Centers N.V. ("Plaza" or the "Company") announces today, further to its announcements dated March 31, 2021 and April 29, 2021 (the "Previous Announcements"), regarding the agreement (the "SPA") between Elbit Plaza India Real Estate Holdings Limited (a subsidiary held by the Company (50%) and Elbit Imaging Ltd. (50%)) ("EPI") and the purchaser (the "Purchaser") for the sale of 100% stake in the SPV (subsidiary of EPI) which owns 74.7 acre plot in Chennai, India, for a total consideration of approximately Euro 12.2 million (INR 108 crores); that in light of the continuing lockdowns imposed by the government authorities in India, which were imposed in order to gain control of the deteriorating of Covid-19 in India, the completion of the transaction has been delayed. The Purchaser has further deposited INR 1 crore (approximately EURO 0.113 million (Plaza part approximately EUR 0.0565 million)) according to the Previous Announcements and thus gets an extension until June 15, 2021 for the completion of the closing at the reduced consideration of INR 96.50 crores (approximately EURO 11.2 million) and that the other terms shall remain the same. As of this date, the Purchaser has deposited a total of INR 35 crores (approximately EURO 4.2 million (Plaza part approximately EUR 2.1 million)).

At this stage, there is no certainty that the SPA closing will occur.

Ends
For further details, please contact:

Plaza

Ran Yaacovs, CFO 972-546-303-006

Forward-looking statement

This press release may contain forward-looking statements with respect to Plaza Centers N.V. future (financial) performance and position. Such statements are based on current expectations, estimates and projections of Plaza Centers N.V. and information currently available to the Company. Plaza Centers N.V. cautions readers that such statements involve certain risks and uncertainties that are difficult to predict and therefore it should be understood that many factors can cause actual performance and position to differ materially from these statements.

Notes to Editors

Plaza Centers N.V. (www.plazacenters.com) is listed on the Main Board of the London Stock Exchange, and, on the Warsaw Stock Exchange (LSE: “PLAZ”, WSE: “PLZ/PLAZACNTR”) and, on the Tel Aviv Stock Exchange.
Annexes
File Description
Plaza_Pr_Chennai_India_Addendum_2_6_2021_isa.pdfPlaza_Pr_Chennai_India_Addendum_2_6_2021_isa.pdf

(fullname of the issuer)
(short name of the issuer) (sector according to clasification
of the WSE in Warsow)
(post code) (city)
(street) (number)
(phone number) (fax)
(e-mail) (web site)
(NIP) (REGON)

SIGNATURE OF PERSONS REPRESENTING THE COMPANY
Date Name Position / Function Signature
2021-06-02 Ran Yaacovs CFO
Źródło:Komunikaty spółek (ESPI)
Tematy
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