6th Aug 2007 09:00
Plaza Centers N.V.06 August 2007 6 August 2007 PLAZA CENTERS CONSIDERS DUAL LISTING ON THE WARSAW STOCK EXCHANGE Plaza Centers N.V. ("Plaza" or the "Company"), a leading Central and EasternEuropean ("CEE") emerging markets property developer, announces today that it iscurrently exploring the possibility of listing its shares on the Warsaw StockExchange ("WSE"), thereby achieving a dual listing in London (where it is listedon the Main Board of the London Stock Exchange) and Warsaw. From 2000 to date, the Company has built, managed and sold a total of sevenshopping centres located across Poland. In addition, it is preparing tocommence construction on a further three shopping and entertainment centreslocated in Suwalki, Torun and Zgorzelec and continues to seek further investmentopportunities in the country. Through these activities, Plaza has built a strong reputation and profile in theCEE and its management has become aware of growing investor appetite, both inPoland and the wider CEE region, to invest in the Company through a local StockExchange. In response to this demand, the board of the Company is currently consideringthe benefits to all existing and potential shareholders of a dual listing on theWSE. If the final decision on the dual listing is made, the admission totrading on the WSE will be sought on the basis of the prospectus that theCompany intends to submit to the Netherlands Authority for the Financial Markets(the Stichting Autoriteit Financiele Markten (the ''AFM'') for a formalapproval. Plaza will update its shareholders in due course as appropriate. Commenting on its intentions, Ran Shtarkman, President and CEO of Plaza CentersN.V., said: "Plaza's activities are extremely well known within the region and we havereceived a number of enquiries from investors in Poland and Central and EasternEurope wishing to invest in our company. The WSE has been extremely active overthe past few years, with fast-increasing levels of investment activity from bothinstitutional (particularly pension and mutual funds) and retail investors. Inlight of this and the likely benefits it will bring to all our shareholders interms of increased liquidity in the shares, we believe this dual listing couldbe an attractive strategic option for the Company." For further details please contact: Plaza Mordechay Zisser, Chairman +972 3 6086000 Ran Shtarkman, President and CEO +36 1 462 7221 Roy Linden, CFO +36 1 462 7105 Financial Dynamics +44 20 7831 3113 Stephanie Highett/Lauren Mills Notes to Editors - Plaza Centers N.V. (www.plazacenters.com) is a leading emergingmarkets developer of shopping and entertainment centres, focusing onconstructing new centres and, where there is significant redevelopmentpotential, redeveloping existing centres, in both capital cities and importantregional centres. The Company is an indirect subsidiary of Elbit Medical ImagingLtd. ("EMIL"), an Israeli public company whose shares are traded on both the TelAviv Stock Exchange in Israel and the NASDAQ Global Market in the United States. - Plaza Centers is a member of the Europe Israel Group of companieswhich is controlled by its founder, Mr Mordechay Zisser. It has been active inreal estate development in emerging markets for over 11 years. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Plaza