Source - SMW
Plaza Centers N.V. has signed a preliminary sale agreement for the disposal of a 2.47 hectare plot in the centre of Kielce, Poland, for €2.28m.   As part of the sale process, Plaza has received a down payment of €465,000, while the remaining €1.815m will be paid within eight months of this agreement.

On completion of the transaction, in line with the Company's stated restructuring plan, 75% of the net cash proceeds will be distributed to Plaza's bondholders.

The Company also announces that, further to its statement issued on 8 April 2016 regarding a pre-agreement to sell a development plot in Greece which was due to have completed within a six month period, the purchaser has been provided with an extension to complete the transaction, to the second part of November 2016.




At 9:16am: (LON:PLAZ) Plaza Centers NV share price was 0p at 250p



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Plaza Centers NV (PLAZ)

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