Ceiba Investments Limited Trading Statement (1804P)
June 08 2020 - 2:00AM
UK Regulatory
TIDMCBA
RNS Number : 1804P
Ceiba Investments Limited
08 June 2020
8 June 2020
CEIBA INVESTMENTS LIMITED
(the "Company")
(TICKER CBA, ISIN: GG00BFMDJH11)
Legal Entity Identifier: 213800XGY151JV5B1E88
TRADING UPDATE
CEIBA Investments Limited ("CEIBA" or the "Company"), the
largest listed foreign company solely dedicated to investing in
Cuba, with interests in the commercial and tourism real estate
sectors of Cuba, is pleased to provide an update on trading,
operations and investments.
Cuba and COVID-19
As at 5 June 2020, Cuba reported 2,133 confirmed covid-19 cases
and 83 deaths resulting from the corona virus. With no deaths
reported in the last week and 11 of its provinces reporting the
absence of new cases during the last 15 days, it is anticipated
that Cuba is close to announcing a staged reopening of its tourism
industry and national borders.
Since the outbreak of the covid-19 pandemic, Cuba has sent more
than 2,500 doctors and nurses to 26 countries, including to Italy,
Mexico and South Africa.
Current Trading, Operations and Investments
With respect to its trading, investments and operations, the
Company can report as follows:
-- during the first five months of 2020, the operational results
of the Miramar Trade Centre surpassed the results during the same
period in 2019;
-- the Meliã Habana hotel has remained operational with a
limited number of rooms (for essential workers and other authorized
travelers) and one restaurant providing take-away meals;
-- the Sol Palmeras hotel, located in Varadero, Cuba's prime
resort destination, which closed at the end of March 2020, will
likely be amongst the first hotels in Varadero to reopen in Q3
2020;
-- as at 5 June 2020, an aggregate amount in excess of US$40
million has been invested in the Cuban hotel joint venture TosCuba
S.A. and the construction of its 400 room luxury beachfront "Meliã
Trinidad Península" hotel is now more than halfway completed and
expected to open by the end of Q3 2021;
-- the Company is proud to announce that the prestigious 2020
Cuban National Environmental Quality Award was presented to the
hotel Meliã Las Americas by the Ministry of Science, Technology and
Environment of the Republic of Cuba on the occasion of World
Environment Day. The award confirms the profound commitment of each
of the Company, the Manager and Meliã Hotels International S.A. to
make sustainability an intrinsic part of its business;
-- in 2019, Melia Hotels International achieved the highest
possible score for companies active in the global travel &
tourism industry in its review by SAM Corporate Sustainability
Assessment.
About World Environment Day
World Environment Day is celebrated on 5 June every year, and is
the United Nations ' principal vehicle for encouraging awareness
and action for the protection of our environment . The idea to
celebrate World Environment Day was established in 1972 by the
United Nations on the first day of the Stockholm Conference on the
Human Environment , resulting from discussions on the integration
of human interactions and the environment. The first World
Environment Day was held in 1974. Since then, the annual event has
been a flagship campaign for raising awareness from environmental
issues to marine pollution , human overpopulation, and global
warming , to sustainable consumption and wildlife crime.
END OF ANNOUNCEMENT
For further information, please contact:
Aberdeen Standard Fund Managers Limited Tel: +44 (0)20 7463
Sebastiaan Berger / Evan Bruce-Gardyne 6000
N+1 Singer Tel: +44 (0)20 7496
James Maxwell / James Moat (Corporate Finance) 3000
James Waterlow (Sales)
JTC Fund Solutions (Guernsey) Limited Tel: +44 (0)1481 702400
www.ceibainvestments.co.uk
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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