Trading Update (999341)

 
 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: [phone] 
 
                                                             Ganna Chubotina 
 
                      Nominated Adviser and Broker: Tel: [phone] 
 
                                                          WH Ireland Limited 
 
                                                              Chris Fielding 
 
                                      Financial PR: Tel: [phone] 
 
                                              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)