8th Feb 2008 08:00
Plaza Centers N.V.08 February 2008 PLAZA CENTERS N.V. ("Plaza" or the "Company") PLAZA CENTERS N.V. COMPLETES EARLY CLASSIFIED INVESTORS BIDDING FOR THE PUBLIC OFFERING OF SERIES B NOTES February 8, 2008 - Plaza Centers N.V. ("Plaza" or the "Company"), a leadingemerging markets property developer, announces that following the publication ofits offering and listing prospectus dated 3 February, 2008 (the "Prospectus"),the Company completed yesterday a classified investors bidding (the "ClassifiedBidding") in connection with public offering of units consisting of a new SeriesB Notes, by means of a tender on the annual interest rates to be borne by theSeries B Notes. A short description of the terms of the Series B Notes wasincluded in Plaza's announcement, dated February 4, 2008. At the Classified Bidding, Plaza offered 500,000 units of Series B Notes, eachconsisting of NIS 1,000 par value, for an aggregate principal amount of NIS 500million. The maximum annual interest rate offered for the Series B Notes was5.5%. During the Classified Bidding, Plaza received early commitment offers for thepurchase of 896,724 units of Series B Notes for a total consideration ofapproximately NIS 896.7 million (approximately • 170 million). Such offerrepresents an over-subscription of approximately 1.8 times the 500,000 unitsoffered by Plaza in the Classified Bidding. Following the Classified Bidding, Plaza accepted orders for 634,000 units ofSeries B Notes for a total consideration of NIS 634 million (approximately €120million). The annual interest rate for Series B Notes, linked to increases inthe Israeli consumer price index, was determined in the Classified Bidding to be5.4%. The Classified Bidding constitutes early commitments by the classified investorswith respect to their offer in the public tender. Unless and until the publictender is completed, the offers by the classified investors in the ClassifiedBidding will not be accepted by Plaza. The public tender of Series B Notes, including the final structure of theofferings and the date and times of the offerings, will be published by Plaza ina Complementary Notice, which shall constitute a part of the Prospectus. The offering of the Series B Notes will be made to persons in Israel only. About Plaza Centers N.V. Plaza Centers N.V. (www.plazacenters.com) is a leading emerging marketsdeveloper of shopping and entertainment centres. It focuses on constructing newcentres and, where there is significant redevelopment potential, redevelopingexisting centres in both capital cities and important regional centres. TheCompany is dual listed on the Main Board of the London Stock Exchange and, as of19 October 2007, the Warsaw Stock Exchange (LSE:"PLAZ", WSE: "PLZ/PLAZACNTR").Plaza Centers N.V. is an indirect subsidiary of Elbit Imaging Ltd. ("EIL"), anIsraeli public company whose shares are traded on both the Tel Aviv StockExchange in Israel and the NASDAQ Global Market in the United States. Plaza Centers is a member of the Europe Israel Group of companies which iscontrolled by its founder, Mr Mordechay Zisser. It has been active in realestate development in emerging markets for over 11 years. For further details, please contact: Plaza CentersMordechay Zisser, Chairman +972 3 608 6000Ran Shtarkman, President and CEO +36 1 462 7221Roy Linden, CFO +36 1 462 7105 Financial Dynamics +44 20 7831 3113Stephanie Highett / Laurence Jones This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Plaza