RNS Number : 3155U
Plaza Centers N.V.
27 March 2023
 

March 27, 2023

PLAZA CENTERS N.V.

 

TAX AUTHORITY INVESTIGATION AT ELBIT PLAZA INDIA MANAGEMENT SERVICES PRIVATE LIMITED

 

Plaza Centers N.V. ("Plaza" or the "Company") announced today that investigators on behalf of the Tax Authority of the state of India, arrived at the offices of Elbit Plaza India Management Services Private Limited (which is a private company wholly owned by Elbit Plaza India Real Estate Holdings Limited) (hereinafter: "EPM"), conducted a search and seized certain documents relating to EPM's activities/transactions in India in recent years and also collected statements from some of EPM employees/managers as well as EPM's consultants in India. In addition, EPM managers were required to provide additional data in connection with EPM's operations in India and to refrain from any disposition of EPM's assets.

 

EPM is fully cooperating, however at this stage it is not yet clear what the purpose of the investigation is, including whether EPM is the purpose of the investigation or whether the investigation is related to any third party. The Company will update on any development.

 

 

Ends

For further details, please contact:

 

Plaza

 

Ron Hadassi, Executive director;                                                     972-526-076-236

 

Forward-looking statement

 

This press release may contain forward-looking statements with respect to the completion of the transaction. Such statements are based on current expectations, estimates and projections of Plaza Centers N.V. and information currently available to the Company. Plaza Centers N.V. cautions readers that such statements involve certain risks and uncertainties that are difficult to predict and therefore it should be understood that many factors can cause actual performance and position to differ materially from these statements.

 

Notes to Editors

Plaza Centers N.V. (www.plazacenters.com) is listed on the Main Board of the London Stock Exchange, and, on the Warsaw Stock Exchange (LSE: "PLAZ", WSE: "PLZ/PLAZACNTR") and, on the Tel Aviv Stock Exchange ("PLAZ").

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
STREAPDXALNDEEA