Tigne Mall plc – Interim Directors’ Statement

Tigne Mall plc announced that following the publication of the company's interim financial statements for the six month period ended June 30, 2013, no material events and/or transactions took place since that date such that they would require specific mention, disclosure or announcement pursuant to the Listing rules. 

The company continues to perforrm to expactations. As at September 30, 2013, the mall continued to be fully let and has experienced an increase in visitor footfall over the corresponding period last year. In line with its projections, the Company's revenues for the first nine months of 2013 increased year-on-year. During this period, finance costs have decreased by 14% as a result of the net proceeds of the IPO held in April 2013 being applied towards a reduction of EUR 6.5m in the company's bank loans. The company continues to generate healthy levels of cash from operations and the financial position of the company remains positive. 

To view the official company announcement, click here.