The Company released a material fact, in compliance with the provisions set forth in the Decree 297/2020 and its modifications through Decrees 325 and 355/2020 enacted by the National Executive Power, whose objective is to minimize the risks of spreading the virus and to protect public health, to inform its shareholders and the market in general, as our subsidiary communicated yesterdar, that all its Shopping Malls suspended operations until April 26, 2020 inclusive.
Additionally, we want to inform that the Libertador hotels in the city of Buenos Aires and Llao Llao in the province of Río Negro are temporarily closed. The Intercontinental Hotel in the city of Buenos Aires is working only under a contingency and emergency plan.
The Company keeps its commitment to safeguard the health and well-being of its clients, employees, tenants, and the entire population, and will be constantly reassessing its decisions according to the evolving events, issued rules and guidelines of the competent authorities.
It is also informed that these actions taken by the Company in compliance with the regulations in force, may generate a negative impact on the Company’s results, which to date have not yet been quantified, without prejudice to which we are constantly monitoring activities to minimize potential losses.