LONDON (Alliance News) - Plaza Centers NV Tuesday said it would cut the price of its rights issue on the back of the fall in its share price since the plan was originally announced in June.
Plaza Centers said it would cut the price of its rights issue by 35% to EUR0.0675 per share due to the move in its share price since the plan was outlined in June. The rights issue had originally been priced at EUR0.105 per share.
Shares in the company have fallen 43% in the past three months. It shares were trading at 6.55 pence per share early Tuesday, down 1.1% on the day.
In June, Plaza said its parent company, Elbit Imaging Ltd, said its Elbit Ultrasound (Luxembourg) BV/Sarl subsidiary has agreed to exercise its rights to take up its full portion under Plaza Centers' rights issue to raise EUR20 million.
By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance
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Plaza (PLAZ)