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UPDATE REGARDING ARBITRATIONS AGAINST ROMANIA WITH RESPECT TO THE "CASA RADIO" PROJECT PLAZA CENTERS N.V. (NL0011882741)

11-05-2026 08:13:48 | ESPI | 6/2026
oUNI-EN: UPDATE REGARDING ARBITRATIONS AGAINST ROMANIA WITH RESPECT TO THE "CASA RADIO" PROJECT

 PAP
Data: 2026-05-11
Firma: PLAZA CENTERS N.V.
oSpis tresci:
1. REPORT
2. INFORMATION ABOUT THE ENTITY
3. SIGNATURE OF PERSONS REPRESENTING THE COMPANY

oSpis zalacznikow:
Znaleziono 1 załącznik
  • 20260511_Plaza_Pr_Arbitration.pdf
    		•  Arkusz: REPORT

    Nazwa arkusza: REPORT


    POLISH FINANCIAL SUPERVISION AUTHORITY
    UNI - EN REPORT No 6 / 2026
    Date of issue: 2026-05-11
    Short name of the issuer
    PLAZA CENTERS N.V.
    Subject
    UPDATE REGARDING ARBITRATIONS AGAINST ROMANIA WITH RESPECT TO THE "CASA RADIO" PROJECT
    Official market - legal basis
    Unofficial market - legal basis
    Contents of the report:
    Further to its last announcement dated April 13th, 2026, Plaza Centers N.V. _"Plaza" or the "Company"_ announces today that, in connection with the arbitration proceedings before the London Court of International Arbitration _"LCIA"_ initiated by the Ministry of Finance of Romania in relation to the Casa Radio / Dâmbovia Center Project in Bucharest _"Casa Radio"_, the Company filed on May 8, 2026 its Statement of Defence and Statement of Counterclaim.

    The submission rejects the claims asserted against the Company and includes counterclaim seeking compensation in connection with the dispute in an amount ranging between approximately EUR 60 million and EUR 420 million.

    The Company further announces that, regarding the arbitration proceedings before the International Centre for the Settlement of Investment Disputes _"ICSID"_ initiated by the Company in relation to the Casa Radio and the LCIA proceedings, the Company has received the notice of termination of engagement with law firm in London who represented the Company in the ICSID and LCIA arbitrations.

    According to the notice, the termination of the engagement is effective as of May 9, 2026.

    The Company is assessing its position and considering all available options and next steps.For further details, please contact:

    Plaza

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

    Notes to Editors

    Plaza Centers N.V. _www.plazacenters.com_ is listed on the Main Board of the London Stock Exchange _LSE: "PLAZ"_, on the Warsaw Stock Exchange _WSE: "PLZ/PLAZACNTR"_ and on the Tel Aviv Stock Exchange _"PLAZ"_.
    Annexes
    File Description
    20260511_Plaza_Pr_Arbitration.pdf

    Nazwa arkusza: INFORMATION ABOUT THE ENTITY


    _fullname of the issuer_
    _short name of the issuer_ _sector according to clasification
    of the WSE in Warsow_
    _post code_ _city_
    _street_ _number_
    _phone number_ _fax_
    _e-mail_ _web site_
    _NIP_ _REGON_

    Nazwa arkusza: SIGNATURE OF PERSONS REPRESENTING THE COMPANY


    SIGNATURE OF PERSONS REPRESENTING THE COMPANY
    Date Name Position / Function Signature
    2026-05-11 Ron Hadassi Executive Director


    Identyfikator raportu jjvuszwyf1
    Nazwa raportu UNI-EN
    Symbol raportu UNI-EN
    Nazwa emitenta PLAZA CENTERS N.V.
    Symbol Emitenta PLAZA CENTERS N.V.
    Tytul UPDATE REGARDING ARBITRATIONS AGAINST ROMANIA WITH RESPECT TO THE "CASA RADIO" PROJECT
    Sektor Budownictwo (bud)
    Kod 1074 VK
    Miasto Amsterdam
    Ulica Tolstraat
    Nr 112
    Tel.
    Fax
    e-mail
    NIP
    REGON
    Data sporzadzenia
    Rok biezacy 2026
    Numer 6
    adres www
    Serwis Ekonomiczny Polskiej Agencji Prasowej SA 2026 Copyright PAP SA - Wszelkie prawa zastrzezone.