Plaza Centres plc - Interim Directors’ Statement

Monday, May 19th, 2014

On 19 May, Plaza Centres plc published its Interim Directors’ Statement to update the market on its performance since the start of 2014.

During the period under review, the Company’s financial position and performance were maintained at a satisfactory level in line with Directors’ expectations. Occupancy during the first quarter of 2014 increased by 10% over the corresponding period in 2013 with revenue and earnings before interest, tax, depreciation and amortisation also increasing by the same percentage. Furthermore, looking ahead, the Directors anticipate achieving higher occupancy levels by the fourth quarter of 2014 compared to the 2013 average occupancy level of 81%.

The announcement also noted that the Company is presently waiting for the issuance of a MEPA permit in relation to the refurbishment of the Commercial Centres’ facades in Bisazza Street and Tower Road with the aim of commencing works either in the third or fourth quarter of this year.

Overall, 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.

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