Plaza Centers N.V. UPDATE RE ARBITRATION PROCESS AGAINST ROMANIA
July 17 2024 - 4:41AM
RNS Regulatory News
RNS Number : 7644W
Plaza Centers N.V.
17 July 2024
July 17th,
2024
PLAZA CENTERS
N.V.
UPDATE REGARDING ARBITRATION
AGAINST ROMANIA WITH RESPECT TO THE "CASA RADIO"
PROJECT
Further to its last announcements,
Plaza Centers N.V. ("Plaza" or the "Company") announces today that, on
15th July, 2024 Plaza received a notice, on behalf of
the Ministry of Finance of Romania, to start an arbitration
procedure under the rules of the London Court of International
Arbitration (hereafter: "Request") against the Company, Elbit
Imaging Ltd and a third-party private investor (the Company, Elbit
Imaging Ltd and the third-party private investor will be
collectively referred to below as: "the Respondents"). As part of the request,
the Ministry of Finance of Romania demands compensation from the
Respondents amounting to approximately EUR 96 million (before VAT
and interest).
The Company is in the process of
analyzing the arbitration notice received.
Ends
For
further details, please contact:
Plaza
Ron Hadassi, Executive
Director;
972-526-076-236
Notes to
Editors
Plaza Centers N.V.
(www.plazacenters.com) is listed on the Main Board of the London
Stock Exchange (LSE: "PLAZ"), on the Warsaw Stock Exchange (WSE:
"PLZ/PLAZACNTR") and on the Tel Aviv Stock Exchange
("PLAZ").
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END
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