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ARC1T - Arco Vara AS News Story

€1.62 0.0  2.5%

Last Trade - 09/04/21

Sector
Financials
Size
Micro Cap
Market Cap £12.7m
Enterprise Value £20.0m
Revenue £12.2m
Position in Universe 508th / 793

Change in substantial holding

Mon 15th February, 2021 9:50am
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Arco Vara AS notifies the stock exchange about a change in substantial holding
as required by § 186 of the Securities Market Act.

On February 12, 2021, AS Lõhmus Holdings transferred 850,000 shares of Arco
Vara AS held by them to OÜ Alarmo Kapital. The transferred shares stood for
9.45% of total Arco Vara AS shares.

As a result of the transaction, OÜ Alarmo Kapital now holds 51.83% of the
voting shares of Arco Vara AS. In addition to the 51.83%, 390,000 shares are
subscribed but not yet issued to OÜ Alarmo Kapital by Arco Vara AS, which
after the issue would make OÜ Alarmo Kapital a 53.83% shareholder.

In coordination with the Estonian Financial Supervision and Resolution
Authority and accordance with the Securities Market Act, OÜ Alarmo Kapital
announced its intention to make a mandatory takeover bid to the shareholders
of AS Arco Vara.



Tiina Malm
 CFO
 Arco Vara AS
 Tel: +372 614 4630
 tiina.malm@arcovara.com
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