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Arricano Real Estate Plc   -  ARO   

Trading Update

Released 13:00 17-Mar-2020

Arricano Real Estate Plc (ARO)
Trading Update

17-March-2020 / 13:00 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.

 

17 March 2020

 

Arricano Real Estate Plc

(together with its subsidiaries "Arricano")

Temporary closure of retail shopping centres

 

Arricano announces that the Ukrainian central and local governments, as part of their efforts to combat the COVID-19 pandemic, have closed various Ukrainian retail shopping centres until 3 April 2020. This decision has resulted in the temporary closure of four out of five of the Company's retail shopping centres: Prospekt (Kyiv); Rayon (Kyiv); City Mall (Zaporizhzhia); and Sun Gallery (Kryvyi Rig). However, the hypermarkets and pharmacies located within the centres will continue to operate.

Ganna Chubotina, CEO of Arricano, said, "It is too early to quantify the potential impact on our financial performance as there are too many unknowns in relation to Covid-19. So at this time, we remain focused on supporting our customers, our tenants and our colleagues. We are working together so that we all emerge from this global challenge financially stable and well placed to recommence business as normal."

Further announcements will be issued as appropriate.

 

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: TST
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.: 52815
EQS News ID: 999341

 
End of Announcement EQS News Service

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