TIDMARO

RNS Number : 6115X

Arricano Real Estate PLC

05 May 2021

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.

05 May 2021

Arricano Real Estate Plc

("Arricano" or the "Company")

Notice of dispute between certain Arricano shareholders and the Government of Ukraine

Arricano has been made aware of a notice of dispute having been served on behalf of certain current and former Estonian significant shareholders of the Company against the Government of Ukraine under an agreement between the Government of the Republic of Estonia and the Government of Ukraine for the Promotion and Reciprocal Protection of Investments. The dispute relates primarily to an alleged loss of value in excess of US$750 million as a result of the disputed ownership of the Sky Mall shopping centre, most recently the subject of an announcement by the Company on 14 April 2021.

Arricano wishes to clarify that it is not a party to the notice of dispute.

A further announcement will be issued 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

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

MSCUPUUGAUPGURA

(END) Dow Jones Newswires

May 05, 2021 05:00 ET (09:00 GMT)

Arricano Real Estate (LSE:ARO)
Historical Stock Chart
From Mar 2024 to Apr 2024 Click Here for more Arricano Real Estate Charts.
Arricano Real Estate (LSE:ARO)
Historical Stock Chart
From Apr 2023 to Apr 2024 Click Here for more Arricano Real Estate Charts.