February 17, 2020
PLAZA CENTERS N.V.
SIGNING A DEFINITIVE AGREEMENT FOR SELLING THE LAND PLOT IN BRASOV, ROMANIA
Plaza Centers N.V. ("Plaza" or the "Company") announced today, further to its announcement dated November 29, 2019, regarding the Pre Agreement signed on February 5, 2019 for the sale of the land plot in Brasov, Romania (the "Property"), that its indirect subsidiary has signed on February 14, 2020 the definitive Sale-Purchase Agreement for the sale of the Property for a total gross consideration of Euro 623,952.32 (the "Consideration").
As agreed in the Sale-Purchase Agreement, the purchaser paid to the indirect subsidiary the price balance in the amount of Euro 573,952.32.
Ends
For further details, please contact:
Plaza
Ran Yaakobs, CFO 972-546-303-006
Notes to Editors
Plaza Centers N.V. (www.plazacenters.com) is listed on the Main Board of the London Stock Exchange, as of 19 October 2007, on the Warsaw Stock Exchange (LSE: "PLAZ", WSE: "PLZ/PLAZACNTR") and, on the Tel Aviv Stock Exchange. Plaza Centers has been active in real estate development in emerging markets for over 23 years.
