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
End of Announcement EQS News Service
(END) Dow Jones Newswires
March 26, 2020 07:00 ET (11:00 GMT)
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