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ARC1T - Arco Vara AS News Story

€2.1 0.0  0.0%

Last Trade - 05/05/21

Sector
Financials
Size
Micro Cap
Market Cap £16.3m
Enterprise Value £17.9m
Revenue £18.2m
Position in Universe 452nd / 795

Change in substantial holding

Fri 9th April, 2021 1:54pm
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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 April 7, 2021, as a result of the takeover bid Baltplast AS transferred
837,498 and Gamma Holding Investment OÜ 420,000, in total 1,257,498 shares of
Arco Vara AS held by them to OÜ Alarmo Kapital. The transferred shares stood
for 97.91% of the takeover bid and 13.97% of total Arco Vara AS shares.

As a result of the takeover bid, OÜ Alarmo Kapital now holds 66.11% of the
voting shares of Arco Vara AS. In addition to the 66.11%, 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 63.36% shareholder.



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