Plaza Regulatory News (PLAZ)

11 Feb 2008 16:00

Plaza Centers N.V.11 February 2008 PLAZA CENTERS N.V. ("Plaza" or the "Company") PLAZA CENTERS N.V. ANNOUNCES THE PUBLICATION OF A COMPLEMENTARY NOTICE TO THE PROSPECTUS IN ISRAEL February 11, 2008 - Plaza Centers N.V. ("Plaza" or the "Company") announces thatit had published today in Israel a Complementary Notice to Plaza's prospectusdated 3 February, 2008 (the "Prospectus") in connection with Plaza's offering ofSeries B Notes (the "Complementary Notice"). The Complementary Notice providesadditional information with respect to Plaza's offerings of Series B Notes andconstitutes a part of the Prospectus. In accordance with Plaza's Prospectus and the Complementary Notice, Plaza offersthe Series B Notes in a tender based on the annual interest rate of the Series BNotes, at up to NIS 720 million Series B Notes, each having NIS 1 par value,offered at 100% of their par value, comprised of 720,000 units consisting of NIS1,000 par value Series B Notes each (the "Series B Units"). Series B Units areoffered by way of a tender based on the maximum annual interest rate, providedthat the maximum annual interest rate to be borne by Series B Notes may notexceed 5.4%. The tender with respect to Series B Notes will be held on 12 February, 2008between 8:30 a.m. (Israel time) and 3:00 p.m. (Israel time). Plaza has received early commitment offers from classified investors to purchase634,000 Series B Units, which constitute approximately 88% of the aggregateSeries B Units, offered under the Complementary Notice. For additionalinformation regarding the early commitment offers of classified investors forthe offered Series B Notes, see Plaza's announcement, dated 8 February, 2008. The expected immediate gross proceeds to Plaza from the offerings of Series BNotes will be approximately NIS 720 million (approximately €137.68 million). Theaggregate amount that Plaza expects to pay for early commitment fees,coordination and distribution fees in connection with the offering of the SeriesB Notes is approximately NIS 4.73 million and other expenses related to theoffering estimated at NIS 1.67 million, constituting approximately 0.89% of theexpected net proceeds of NIS 720 million from the offering of Series B Notes. The TASE has given its approval for the listing of Series B Notes for trade. Thelisting of each of the Series B is subject to the satisfaction of certain TASE'srequirements regarding minimum public holdings and minimum dispersal. The offering of the Series B Notes will be made to persons in Israel only. About Plaza Centers N.V. Plaza Centers N.V. (www.plazacenters.com) is a leading emerging marketsdeveloper of shopping and entertainment centres. It focuses on constructing newcentres and, where there is significant redevelopment potential, redevelopingexisting centres in both capital cities and important regional centres. TheCompany is dual listed on the Main Board of the London Stock Exchange and, as of19 October 2007, the Warsaw Stock Exchange (LSE:"PLAZ", WSE: "PLZ/PLAZACNTR").Plaza Centers N.V. is an indirect subsidiary of Elbit Imaging Ltd. ("EIL"), anIsraeli public company whose shares are traded on both the Tel Aviv StockExchange in Israel and the NASDAQ Global Market in the United States. Plaza Centers is a member of the Europe Israel Group of companies which iscontrolled by its founder, Mr Mordechay Zisser. It has been active in realestate development in emerging markets for over 11 years. For further details, please contact: Plaza Centers Mordechay Zisser, Chairman +972 3 608 6000Ran Shtarkman, President and CEO +36 1 462 7221Roy Linden, CFO +36 1 462 7105 Financial Dynamics +44 20 7831 3113Stephanie Highett / Laurence Jones This information is provided by RNS The company news service from the London Stock Exchange