Plaza Centers N.V. RESTATEMENT OF 2016 FINANCIAL STATEMENTS (8699U)
October 27 2017 - 10:30AM
UK Regulatory
TIDMPLAZ
RNS Number : 8699U
Plaza Centers N.V.
27 October 2017
27 October 2017
PLAZA CENTERS N.V.
RESTATEMENT OF 2016 FINANCIAL STATEMENTS
Plaza Centers N.V. ("Plaza" or the "Company") announces that
further to its announcement published on 29 September 2017, the
Company has prepared Restated Consolidated Financial Statements
relating to the 2016 financial year. The Restated Consolidated
Statements are available for review on the Company's website at:
http://www.plazacenters.com/index.php?p=financial_reports_2017.
The Restated Consolidated Financial Statements are not intended
to replace the Company's Statutory Financial Statements, to which
the former Dutch statutory auditor Grant Thornton Accountants en
Adviseurs B.V. rendered its auditor's opinion with a disclaimer,
and that were published on June 12, 2017 and adopted by the
Company's general meeting of shareholders on July 31, 2017. The
Statutory Financial Statements have not been amended or
reissued.
The main changes between the Restated Consolidated Financial
Statements and the Statutory Financial Statements are as
follows:
-- The steps which have been taken by the Company following the
Consolidated Financial Statements signed on May 15, 2017. Refer to
Note 2(a).
-- The going concern and liquidity position of the Company -
updated disclosure. Refer to Note 2(c).
-- The restatement of the 2016 financial statements. Refer to Note 2(f).
-- The reclassification and change in the presentation format of
statements of profit or loss. Refer to Note 2(g).
-- An error with respect to Casa Radio project appraisal in the
2015 financial statements. Refer to Note 2(h).
-- Information on trading properties which have disclosed
potential irregularities regarding the Casa Radio project in
Romania and the potential implications. Refer to Note 8(5)(d).
-- Events after the reporting period. Refer to Note 32.
Ends
For further details, please contact:
Plaza
Dori Keren, CEO +48 22 231 99 00
FTI Consulting
Dido Laurimore / Claire Turvey / Tom Gough +44 20 3727 1000
Notes to Editors
Plaza Centers N.V. (www.plazacenters.com) is an emerging markets
developer of shopping and entertainment centres. The Company is
listed on the Main Board of the London Stock Exchange, as of 19
October 2007, on the Warsaw Stock Exchange (LSE: "PLAZ", WSE:
"PLZ/PLAZACNTR") and, on the Tel Aviv Stock Exchange. Plaza Centers
N.V. is an indirect subsidiary of Elbit Imaging Ltd. ("EI"), an
Israeli public company whose shares are traded on both the Tel Aviv
Stock Exchange in Israel and on the NASDAQ Global Market in the
United States. Plaza Centers has been active in real estate
development in emerging markets for over 21 years.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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