Dealing of ordinary shares

RNS Number : 7940C

Plaza Centers N.V.

30 June 2016

 

30 June 2016

Plaza Centers N.V. - Dealing of ordinary shares to the London Stock Exchange following share consolidation

Plaza Centers N.V. ("Plaza" or the "Company"), a leading emerging markets property developer, is pleased to announce that the shareholder resolutions relating to the consolidation of its share capital, on the basis of one New Ordinary Share/New Depositary Interest for every 100 Existing Ordinary Shares/Existing Depositary Interests, (the "Share Capital Consolidation") have been duly passed by shareholders at the Company's annual general meeting.

Elbit Ultrasound (Luxembourg) B.V./S.a.r.l. ("Elbit"), the direct major shareholder of the Company, has on the date of this announcement subscribed for 25 Existing Ordinary Shares issued by the Company in advance of the Share Capital Consolidation.

The first time and date of dealing in the New Ordinary Shares (including the 25 Existing Ordinary Shares subscribed for by Elbit) on the Official List of the United Kingdom Listing Authority and the premium segment of the London Stock Exchange's main market for listed securities will be at 8.00 a.m. on 1 July 2016.

The Company's issued share capital, post the Share Capital Consolidation and issue of 25 Existing Ordinary Shares to Elbit, will comprise 6,855,603 New Ordinary Shares, with a total nominal value of EUR 6,855,603.00.

Unless otherwise stated, capitalised terms defined in the Circular to Shareholders and notice of the Annual General Meeting announcement published on 19 May 2016 shall have the same meaning when used in this announcement.

For further details, please contact:
Plaza
Dori Keren, Acting CEO	+ 48 22 231 99 00
Eitan Farkas, Financial Director	+ 36 1 462 7140
FTI Consulting
Dido Laurimore / Claire Turvey / Tom Gough	[phone]

Notes to Editors

Plaza Centers N.V. (www.plazacenters.com) is a leading emerging markets developer of shopping and entertainment centres with operations in Central and Eastern Europe and India. It focuses on constructing new centres and, where there is significant redevelopment potential, redeveloping existing centres in both capital cities and important regional centres. The Company is listed on the Main Board of the London Stock Exchange, the Warsaw Stock Exchange and the Tel Aviv Stock Exchange (LSE:"PLAZ"; WSE: "PLZ/PLAZACNTR"; TASE: "PLAZ"). Plaza Centers N.V. is an indirect subsidiary of Elbit Imaging Ltd. ("EI"), an Israeli public company whose shares are traded on both the Tel Aviv Stock Exchange in Israel and the NASDAQ Global Market in the United States. It has been active in real estate development in emerging markets for over 20 years.

 

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