The Company released a material fact complementing the ones published on March 19 and 20, and April 1st and 13, 2020 and in relation to the coronavirus’ evolution (COVID-19) in Argentina.
Informing its shareholders and the market in general that in compliance with the provisions set forth in section 1 of the Decree 408/2020 enacted by the National Executive Power, whose objective is to minimize the risks of spreading the virus and to protect public health, all the Company’s Shopping Malls will extend the suspension of its operations until May 10, 2020 inclusive. Those considered essential activities such as pharmacies, supermarkets and banks continue to operate, and some gastronomic tenants are working through delivery system.
The Company keeps its commitment to safeguard the health and well-being of its clients, employees, tenants, and the entire population, and will be constantly reassessing its decisions according to the evolving events, issued rules and guidelines of the competent authorities.
It is also informed that these actions taken by the Company in compliance with the regulations in force, may generate a negative impact on the Company’s results, which to date have not yet been quantified, without prejudice to which we are constantly monitoring activities to minimize potential losses.