Business
UPDATE RE 2012 DISPOSAL OF US SHOPPING CENTRES
UPDATE RE 2012 DISPOSAL OF US SHOPPING CENTRES.
About this update from Plaza Centers N.v.
[{"type":"text","content":"\n \nRNS Number : 1052X Plaza Centers N.V. 21 November 2017 \n\n21 November 2017\n \nPLAZA CENTERS N.V.\n \nUPDATE RE 2012 DISPOSAL OF SHOPPING CENTRES IN THE US\n \nPlaza Centers N.V. (\"Plaza\", \"Company\") provides the following update regarding the sale of 47 shopping centres in the US first announced on 11 January 2012 and which completed on 21 June 2012. The Company has recently been made aware that commission paid to an agent in connection with the disposal may have benefited a former director of the Company, and it is probable therefore that those arrangements should have been classified as a related party transaction under the Listing Rules.\n \nAt the time of the disposal, it appears that the Company was not aware that there was any potential related party interest with respect to the commission arrangements. \n \nThe Company is currently investigating this matter and seeking appropriate advice as to whether any retrospective disclosures or other actions may be required under the Listing Rules. \nFurther announcements will be made as appropriate.\n \n \nEnds\n \nFor further details, please contact:\n \nPlaza\nDori Keren, CEO +48 22 231 99 00 \n \nFTI Consulting \nDido Laurimore / Claire Turvey / Tom Gough +44 20 3727 1000\n \n \nNotes to Editors\n \nPlaza Centers N.V. (www.plazacenters.com) is an emerging markets developer of shopping and entertainment centres. The Company 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 Isr...