Plaza Centres plc – Interim Directors’ Statement

Plaza Centres plc announced that since January 1, 2014 and May 19, 2014, the financial position of the company maintained a satisfactory level of performance in line with Directors’ expectations.

Occupancy during the first quarter of 2014 increased by 10% compared to the corresponding period in 2013, whilst income and EBIDTA also increased by the same percentage when compared to Q1 of 2013. Subject to any unforeseen circumstances, the Directors anticipate achieving higher occupancy levels by Q4 in 2014.

The Company is presently waiting for MEPA to issue a permit for the refurbishment of the Commercial Centres’ facades in Bisazza Street and Tower Road. If the permit is approved, the refurbishment work will commence in Q3 and Q4 of 2014.

No further material events or transactions have taken place which would have an impact on the financial position of the Company, such that they would require specific mention, disclosure or announcement in terms of the applicable Listing Rules.

Subject to any unforeseen circumstances, the Directors expect the Company’s financial results for the year to be in line with the projections prepared at the beginning of the year.

To view the official company announcement, click here.