Last checked at 27 Jun 2016 10:00
27 June 2016
Plaza Centers N.V. - Suspension of trading of ordinary shares on the Warsaw Stock Exchange
Plaza Centers N.V. ("Plaza" or the "Company"), a leading emerging markets property developer, announces that in connection with its proposed share consolidation, as noted in the circular to shareholders dated 19 May 2016, under resolution No 657/2016 of the Warsaw Stock Exchange Management Board dated 24 June 2016 (the "WSE Resolution"), the ordinary shares currently admitted to trading on the Warsaw Stock Exchange's main market for listed securities coded as NL0000686772 will be suspended from trading on the Warsaw Stock Exchange from 28 June 2016 to 1 July 2016 (inclusive).
According to the WSE Resolution, during the period of suspension of trading in shares in the Company no brokers' orders will be accepted. The brokers' orders for shares in the Company not executed by 27 June 2016 will expire.
Furthermore, pursuant to the WSE Resolution, if as a result of the share consolidation the nominal value of shares is increased (as a result of which the reference price of the shares is at least PLN 0.50), the shares in the Company will no longer be classified in the ALERT LIST segment and they will be listed in the continuous trading system from 4 July 2016.
For further details, please contact: |
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Plaza |
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Dori Keren, Acting CEO | + 48 22 231 99 00 |
Eitan Farkas, Financial Director
| + 36 1 462 7140 |
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|
FTI Consulting |
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Dido Laurimore / Claire Turvey / Tom Gough | +44 20 3727 1000 |
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.