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
(END) Dow Jones Newswires
March 17, 2020 09:00 ET (13:00 GMT)
© 2020 Dow Jones News
