Business
PAYMENT TO THE HOLDERS OF SERIES A& SERIES B BONDS
PAYMENT TO THE HOLDERS OF SERIES A& SERIES B BONDS.
About this update from Plaza Centers N.v.
[{"type":"text","content":"\n \nRNS Number : 2656I Plaza Centers N.V. 22 November 2018 \n\n \n22 November 2018\n \n \nPLAZA CENTERS N.V.\n \nNEXT PAYMENT TO THE HOLDERS OF SERIES A AND SERIES B BONDS\n \n \nPlaza Centers N.V. (\"Plaza\" or the \"Company\") announces that, based on its current forecasts, the Company expects to pay the accrued interest on Series A and Series B Bonds on December 31, 2018, in accordance with the repayment schedule determined in the Company's Restructuring Plan and Settlement Agreement with Series A and Series B Bondholders from 11 January 2018 (the \"Settlement Agreement\").\n \nThe Company, however, wishes to note that it will not meet its principal repayment due on December 31, 2018 as provided for in the Settlement Agreement. The Company may be able to partially pay the said principal depending, among other things, on the actual sale of assets and taking into consideration the cash needs in accordance with the scope of the forecasted activity. To the extent there would be a partial repayment, a notice will be issued by the Company during December 2018.\n \n \n \nEnds\n \nFor further details, please contact:\n \nPlaza\nAvi Hakhamov, Acting CEO +36 1 6104523 \n \nNotes to Editors\n \nPlaza 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 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 on the NASDAQ Global Market in the United States. Plaza Centers has been active in real estate development in emerging markets for over 22 years.\n\nThis information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use...