PARIS--(BUSINESS WIRE)--Regulatory News:
After the management of the Coronavirus (covid-19) epidemic moved to stage 3, the Government ordered the closure of all non-essential public spaces with effect from midnight on Sunday March 15, 2020. Mercialys (Paris:MERY) is obviously complying with this public health decision.
The government order authorizes the continuation of essential retail activities. It has also asked these businesses to take specific measures to ensure the effective availability of products.
These activities include:
- Food (all formats, fresh and frozen produce)
- Mobility (vehicle equipment, maintenance, repairs and fuel)
- Information (IT and communications equipment and maintenance)
- Health (pharmacies, drugstores and funeral services)
- Hygiene (laundromats and dry cleaners)
- Press (newspapers and stationery)
- Construction (hardware and retail construction materials stores)
- Financing (banking and insurance networks)
In this context, access to these stores in Mercialys’ shopping centers, and particularly their large food-anchor stores, will continue to be open to the public. However, the general level of activity is being significantly affected by this situation. It is therefore impossible, at this stage, to quantify the impact on the Company’s performance and objectives for 2020.
Mercialys would like to confirm that it is fully committed to these arrangements on an operational level, while ensuring the greatest respect for the safety of its employees and its customers. In addition, considering the uncertainty relating to the duration of the current government measures, the Company is already taking appropriate steps to limit its structural costs and its investments. It has also opened active dialogue with all its retailers.
* * *
This press release is available on www.mercialys.com
Mercialys is one of France’s leading real estate companies, focused exclusively on shopping centers and high-street retail assets. At December 31, 2019, Mercialys had a portfolio of 2,144 leases, representing a rental value of Euro 180.6 million on an annualized basis. At December 31, 2019, it owned properties with an estimated value of Euro 3.6 billion (including transfer taxes). Mercialys has had “SIIC” real estate investment trust (REIT) tax status since November 1, 2005 and has been listed on Euronext Paris Compartment A (ticker: MERY) since its initial public offering on October 12, 2005. At December 31, 2019, there were 92,049,169 shares outstanding.
This press release contains certain forward-looking statements regarding future events, trends, projects or targets. These forward-looking statements are subject to identified and unidentified risks and uncertainties that could cause actual results to differ materially from the results anticipated in the forward-looking statements. Please refer to the Mercialys registration document available at www.mercialys.com for the year ended December 31, 2018 for more details regarding certain factors, risks and uncertainties that could affect Mercialys’ business. Mercialys makes no undertaking in any form to publish updates or adjustments to these forward-looking statements, nor to report new information, new future events or any other circumstances that might cause these statements to be revised.