ARRICANO REAL ESTATE PLC (FRA:CY010294) COVID-19 Trading Update

Transparency directive : regulatory news

26/03/2020 12:00

Arricano Real Estate Plc (ARO)
COVID-19 Trading Update

26-March-2020 / 11:00 GMT/BST
Dissemination of a Regulatory Announcement that contains inside information according to REGULATION (EU) No 596/2014 (MAR), transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.


This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.

 

26 March 2020

 

Arricano Real Estate Plc

(together with its subsidiaries "Arricano")

Temporary closure of retail shopping centres
 

Further to its announcement dated 17 March 2020, Arricano announces that the Ukrainian central government has extended the temporary restrictions of customer access to Ukrainian retail shopping centres until 24 April 2020.

Arricano's shopping centres  Prospekt (Kyiv); Rayon (Kyiv); City Mall (Zaporizhzhia); and Sun Gallery (Kryvyi Rig) are affected, however  hypermarkets, pharmacies and some other stores located therein remain open for business. 

While it is too early to evaluate the full economic impact of the temporary closure, it is likely that it will have a negative overall effect on the Company's 2020 performance. Nonetheless, the Company believes that its high quality portfolio of operating assets, market leading tenants, and experienced team will protect the long-term value for the investors.

 

Enquiries:

Arricano Real Estate plc       Tel: +38 044 594 9471

Ganna Chubotina

 

Nominated Adviser and Broker:  Tel: +44 (0)20 7220 1666

WH Ireland Limited

Chris Fielding

 

Financial PR:                  Tel: +44 (0)20 3151 7008

Novella Communications Limited

Tim Robertson/ Fergus Young  

 



ISIN: CY0102941610
Category Code: MSCH
TIDM: ARO
LEI Code: 213800F8AMPULEKXFX22
OAM Categories: 3.1. Additional regulated information required to be disclosed under the laws of a Member State
Sequence No.: 54753
EQS News ID: 1007855

 
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