Business
Completion of Debt Restructuring
Completion of Debt Restructuring.
About this update from Plaza Centers N.v.
[{"type":"text","content":"\n \nRNS Number : 8412M Plaza Centers N.V. 21 July 2014 \n \n\n21 July 2014\nPlaza Centers N.V. (the \"Company\" or \"Plaza\")\n \nPLAZA SUCCESFULLY COMPLETES DEBT RESTRUCTURING AND EMERGES FROM REORGANISATION PROCEEDINGS\n \nPlaza today announces that, following the Dutch Court ('the Court') approving the Dutch restructuring plan (the \"Plan\") on 9 July 2014, it has received confirmation that the decision of the Court has become irrevocable and, as a result, the date of 18 July 2014 is the \"Effective Date\" as defined in the Plan on which the Plan becomes binding and effective.\n \nAs a consequence of the confirmation decision becoming final, the suspension of payment proceedings, which commenced on 18 November 2013, has today come to an end and the Company has successfully emerged from the reorganization proceedings. Accordingly, the administrator appointed by the Court to manage the affairs of the Company alongside the existing management is no longer in office and Plaza's management has resumed full control of the business.\n \nAll information regarding Plaza's debt restructuring process is available to view on the Company's website at www.plazacenters.com.\n \nFor further details, please contact:\n \nPlaza\nRan Shtarkman, President and CEO +36 1 462 7221\nRoy Linden, CFO +36 1 462 7222\n \nFTI Consulting\nStephanie Highett / Nina Legge ...