Tigné Mall plc - Interim Directors’ Statement

On 6 November, Tigné Mall plc published its Interim Directors’ Statement explaining its performance since 30 June 2014.

The Directors of Tigné Mall expressed their satisfaction that the Mall continued to be fully let out and visitor footfall increased when compared to the same period in 2013. As a result, the Company’s cash flow and financial position remains positive and in line with its forecasts. The projections in the IPO prospectus dated 20 March 2013 had forecasted a revenue figure of €5.2 million and net profit of €1.2 million representing an increase of 3.9% and 18.8% respectively compared to the actual figures for the 2013 financial year.

Moreover, the Directors announced that the Company has recently managed to secure the planning consent of a new 550 sqm outlet. Works on this new store will commence in the coming months and should be available for letting in 2015.