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| POLISH FINANCIAL SUPERVISION AUTHORITY | |
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| | | UNI - EN REPORT No | 17 | / | 2022 |
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| Date of issue: | 2022-09-02 | | | | | | | | |
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| Short name of the issuer | | | | | | | |
| PLAZA CENTERS N.V. | |
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| Subject | | | | | | | | | | |
| UPDATE REGARDING SALE OF ITS HOLDINGS IN THE PROJECT IN BANGALORE, INDIA | |
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| Official market - legal basis | | | | | | |
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| Unofficial market - legal basis | | | | | |
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| Contents of the report: | | | | | | | | |
| Plaza Centers N.V. ("Plaza" or the "Company") announces today, further to its announcement dated August 24, 2022 (the Previous Announcement ), regarding the dispute between Elbit Plaza India Real Estate Holdings Limited (a subsidiary held equally by the Company (47.5%) and Elbit Imaging Ltd. (47.5%)) ( EPI ) and a local investor (the Purchaser ) which undertook to purchase EPI s whole rights in the SPV which holds the site in Bangalore, India (the Asset ); that on September 1, 2022 the transaction for the sale of EPI's whole rights in the Asset was completed for a total of INR 117 crores (approximately EUR 14.3 million) and that EPI received the full consideration as mentioned.
The total amount that the Company is expected to receive from the transaction is about EUR 7.15 million and includes the Company's share of the advances that the Purchaser has transferred in the recent months.
Ends
For further details, please contact:
Plaza
Ron Hadassi, Executive director; 972-526-076-236
Forward-looking statement
This press release may contain forward-looking statements with respect to the completion of the transaction. 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 ("PLAZ").
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| Annexes | | | | | | | | | | |
| File | Description | |
| Plaza_Pr_Bangalore_India_Sept 2_2022.pdf | | |
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| | 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) | | |
| | Pietersbergweg | | 283 | | |
| | (street) | | (number) | | |
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| | (phone number) | | | (fax) | | |
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| | (e-mail) | | | (web site) | | |
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| | (NIP) | | | (REGON) | | |
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SIGNATURE OF PERSONS REPRESENTING THE COMPANY | |
| Date | Name | Position / Function | Signature | |
| 2022-09-02 | Ron Hadassi | Executive Director | | |
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