Business
Update on WSE Listing
Update on WSE Listing.
About this update from Plaza Centers N.v.
[{"type":"text","content":"\n Plaza Centers N.V.\n17 October 2007\n\n17 October 2007\n\n\n\nPLAZA CENTERS CONFIRMS THE APPROVAL OF THE INTRODUCTION OF ITS SHARES TO THE\nWARSAW STOCK EXCHANGE\n\n\nPlaza Centers N.V. ('Plaza' or the 'Company'), a leading Central and Eastern\nEuropean ('CEE') emerging markets developer of shopping and entertainment\ncentres, is pleased to confirm that on 16 October 2007, the Management Board of\nthe Warsaw Stock Exchange adopted Resolution No. 800/2007 whereby it resolved\nto:\n\n • introduce 292,346,087 (two hundred and ninety-two million, three hundred\n and forty-six thousand and eighty-seven) shares of Plaza Centers N.V. with\n its registered seat in Amsterdam (the Netherlands), with a nominal value of\n €0.01 (one eurocent) each (the 'Shares'), to exchange trading on the main\n market by way of an ordinary procedure as of 19 October 2007, under\n reference code 'NL0000686772'\n • list the Shares in the continuous listing system under the abbreviated\n name 'PLAZACNTR' and symbol 'PLZ'.\n\n\nFollowing the introduction of the Shares to trading on the Warsaw Stock Exchange\n('WSE'), Plaza will be the first property company to achieve a dual listing in\nLondon (where it is listed on the Main Board of the London Stock Exchange) and\nWarsaw.\n\nPlaza has been highly active in CEE and Poland since 1996. It has built, managed\nand sold a total of seven shopping centres located across Poland. It is also\npoised to start construction on a further three shopping and entertainment\ncentres located in Suwalki, Torun and Zgorzelec and a mixed-use project in Lodz.\nThe Company also continues to seek further investment opportunities in the\ncountry.\n\nCommenting on its WSE listing, Ran Shtarkman, President and CEO of Plaza Centers\nN.V., said:\n\n'We are delighted that our move to list our shares on the WSE has been approved.\nPlaza's strong profile and reputation in CEE has resulted in growing investor\nappetite, both in Poland and the wider CEE region, to invest in the Company\nthrough a local Stock Exchange.\n\n'The WSE has been extremely active over the past few years, with fast-increasing\nlevels of investment activity from both institutional and retail investors. We\nare confident that this dual listing represents an attractive strategic move for\nthe Company, and we believe it will benefit all our shareholders in terms o...