Plazacorp announces changes to its blackout policy
Jan 12, 2009
FREDERICTON, Jan. 12 /CNW/ - Plazacorp Retail Properties Ltd. (PLZ:TSX Venture) announced today that its Board of Directors has approved a temporary partial waiver of its blackout policy that applies to insiders, directors, officers and employees. Under the temporary partial waiver, insiders, directors, officers and employees will be permitted to purchase securities of Plazacorp Retail Properties Ltd. provided that they are not in possession of material undisclosed information relating to Plazacorp Retail Properties Ltd. The Board of Directors has taken this step in light of conditions in the financial and stock markets, which have resulted in what Plazacorp Retail Properties believes is a significant and unwarranted drop in the trading price of its shares. The blackout policy restricts the ability of Plazacorp Retail Properties Ltd's insiders, officers and employees from purchasing or selling securities of Plazacorp Retail Properties Ltd during certain periods such as when quarterly or annual financial statements are being prepared but results have not yet been publicly disclosed. The temporary partial waiver will continue in effect until two days following the release of Plazacorp's annual financial results. Insiders, directors, officers and employees will remain unable to purchase or sell securities of Plazacorp Retail Properties Ltd if they are in possession of material undisclosed information relating to Plazacorp Retail Properties Ltd. Plazacorp Retail Properties Ltd. is an owner of shopping malls and strip plazas throughout the Atlantic Provinces, Quebec and Ontario. Plazacorp, as at January 12, 2009 now owns interests in 93 properties comprising 4.3 million square feet of retail real estate. The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. %SEDAR: 00012014E
For further information:
For further information: on Plazacorp, visit our website at www.plaza.ca or contact: Earl Brewer, Chairman or Kim Sharpe, Director of Business Development, (506) 451-1826