24th Sep 2007 10:15
Plaza Centers N.V.24 September 2007 24 September 2007 PLAZA CENTERS CONFIRMS INTENTION TO SEEK DUAL LISTING ON THE WARSAW STOCK EXCHANGE Further to its announcement on 6 August 2007 and the appropriate approvalshaving been given by the Board and by the Company's shareholders at theCompany's Extraordinary General Meeting ("EGM") on 30 August 2007 (all otherresolutions at such EGM were also passed), Plaza Centers N.V. ("Plaza" or the "Company"), a leading Central and Eastern European ("CEE") emerging marketsproperty developer, is pleased to confirm that today it is announcing in Warsaw,Poland its formal intention to list its shares on the Warsaw Stock Exchange ("WSE"), thereby achieving a dual listing in London (where it is listed on theMain Board of the London Stock Exchange) and Warsaw. The dual listing of Plaza Centers stock on the WSE will be sought on the basisof a prospectus already filed with the Netherlands Authority for the FinancialMarkets (Stichting Autoriteit Financiele Markten - "AFM"). The AFM will notifythe Polish Financial Supervision Authority (the KNF) about the approval of theprospectus. The Company is not intending to raise funds as part of this process. The Company has been active in Central & Eastern Europe since 1996. During thistime, it has developed and sold 26 projects, including seven in Poland (SadybaBest Mall in Warsaw, Krakow Plaza, Poznan Plaza, Ruda Slaska Plaza, RybnikPlaza, Sosnowiec Plaza and Lublin Plaza). The Company currently has 25 moreprojects under development, of which four are located in Poland, in Lodz,Suwalki, Torun, and Zgorzelec. Plaza continues to seek further investmentopportunities in the country. Commenting on its intentions, Ran Shtarkman, President and CEO of Plaza CentersN.V., said: "We are pleased to confirm today that we are seeking to list our shares on theWarsaw Stock Exchange. We enjoy a high profile in the region and believe theadmission of our shares to trading on this highly active local stock exchangewill satisfy the growing appetite of investors in Poland and Central and EasternEurope to invest in our company. "The WSE has been extremely active over the past few years, with fast-increasinglevels of investment activity from both institutional (particularly pension andmutual funds) and retail investors. We anticipate that the Company's shareswill be admitted to trading by the end of this year and are confident that thiswill enhance the liquidity of our shares, thereby benefiting all ourshareholders." For further details please contact: PlazaMordechay Zisser, Chairman +972 3 6086000Ran Shtarkman, President and CEO +36 1 462 7221Roy Linden, CFO +36 1 462 7105 Financial Dynamics +44 20 7831 3113Stephanie Highett/Lauren Mills Notes to Editors • Plaza Centers N.V. (www.plazacenters.com) is a leading emerging markets developer of shopping and entertainment centres, focusing on constructing new centres and, where there is significant redevelopment potential, redeveloping existing centres, in both capital cities and important regional centres. The Company is an indirect subsidiary of Elbit Medical Imaging Ltd. ("EMIL"), an Israeli public company whose shares are traded on both the Tel Aviv Stock Exchange in Israel and the NASDAQ Global Market in the United States. • Plaza Centers is a member of the Europe Israel Group of companies which is controlled by its founder, Mr Mordechay Zisser. It has been active in real 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