DJ Update on Sky Mall
Arricano Real Estate Plc
Update on Sky Mall
30-March-2021 / 17:30 GMT/BST
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30 March 2021
Arricano Real Estate Plc
(together with its subsidiaries, "Arricano")
Update re Sky Mall criminal proceedings
On 5 May 2016, as previously announced, the London Court of International Arbitration rendered its final award on the
dispute between Arricano and Stockman Interhold S.A. ("Stockman") concerning the title to the shares in Assofit
Holdings Limited ("Assofit"), a holding company which previously owned the Sky Mall shopping centre in Kyiv, Ukraine.
According to that award, the ownership of all shares in Assofit previously held by Stockman, should have been
transferred to Arricano for nil consideration. However, Stockman failed to comply with that award and Assofit was
stripped off its interests in Sky Mall.
Arricano announces that, on 27 March 2021, the Kyiv Appellate Court published an order that the ownership of Sky Mall
be completely frozen pending the determination of the ongoing criminal proceedings in Ukraine relating to Sky Mall.
A further update will be published when appropriate.
Enquiries:
Arricano Real Estate plc
Tel: +357 25 582 535
Ganna Chubotina
Nominated Adviser and Broker:
WH Ireland Limited
Chris Fielding
Tel: +44 (0)20 7220 1666
Financial PR:
Novella Communications Limited
Tim Robertson/ Fergus Young
Tel: +44 (0)20 3151 7008
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Dissemination of a CORPORATE NEWS, transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.
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1179867 30-March-2021
(END) Dow Jones Newswires
March 30, 2021 12:30 ET (16:30 GMT)
