To view the PDF file, sign up for a MySharenet subscription.

EPP N.V. - Covid-19 update

Release Date: 22/12/2020 17:15
Code(s): EPP     PDF:  
Wrap Text
Covid-19 update

EPP N.V.
(Incorporated in The Netherlands)
(Company number 64965945)
JSE share code: EPP
ISIN: NL0011983374
LEI code: 7245003P7O9N5BN8C098
(“EPP” or “the company”)


COVID-19 UPDATE


Shareholders are advised that on 21 December 2020 the Polish government signed a decree which provides for additional
restrictions and quarantine measures in Poland, including the partial limitation of shopping centre operations. The
restrictions include the closure of hotels and ski slopes, a 10-day quarantine for people coming from abroad and a general
ban on the movement of people on New Year's Eve from 7 pm to 6 am. The new regulations come into force on Monday,
28 December 2020 for a period of 3 weeks and will terminate on Sunday, 17 January 2021. As a result, the operations of
all Polish shopping centres and retail locations measuring over 2,000 sqm of retail space will be limited temporarily between
28 December 2020 and 17 January 2021. Grocers, DIY stores, furniture stores, pharmacies, cosmetics shops, pet stores,
bookstores, service points and stands will all be able to continue trading. Stores which are allowed to continue trading
constitute approximately 27% of EPP’s retail portfolio in terms of GLA. Additionally, restaurants will be allowed to operate
on a delivery or take-away only basis and this constitutes an additional 3% in terms of GLA.

The restrictions announced by the Polish government are relatively lenient as some countries in Europe have decided to
introduce a curfew and blanket restrictions on economic activity except for the sale of essential items. The additional
restrictions and quarantine measures are as a result of an increase in infections since November and are designed to curb
another possible peak of infections during January or February (which overlaps with the flu season) and prepare the Polish
health care system and citizens for vaccination.

The company is well capitalised to navigate through this period, as evidenced by its most recent market updates.

EPP will continue to monitor the situation and will communicate updates to the market.

22 December 2020


JSE Sponsor
Java Capital

Luxembourg Stock Exchange Listing Agent
Harneys Luxembourg

For more information:
Curwin Rittles, Investor Relations, EPP
Mobile: +48 885 982 310
Curwin.rittles@epp-poland.com

Java Capital, JSE Sponsor
Phone: +27 11 722 3050

Harneys Luxembourg, Luxembourg Stock Exchange Listing Agent
Phone: +352 27 86 71 02

Singular Systems IR
Michèle Mackey
+27 (0)10 003 0700/+27 (0)82 497 9827
michele@singular.co.za

Date: 22-12-2020 05:15:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.

Share This Story