Arco Vara AS logo

ARC1T - Arco Vara AS News Story

€2.1 0.0  0.0%

Last Trade - 05/05/21

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

Notice of results of the takeover bid for acquiring ARCO VARA AS shares

Mon 5th April, 2021 1:33pm
For best results when printing this announcement, please click on link below:

On 2 March 2021, OÜ ALARMO KAPITAL („Offeror“) began a mandatory takeover
bid (“Bid”) for acquiring Arco Vara AS (“Arco Vara”) shares. The end
of the Bid term was on 31 March 2021 at 16.00. Within the framework of the
Bid, the purchase price offered by the Offeror was 1,30 euros for each Arco
Vara share.

On 5 April 2021, the Offeror published the Bid results with an announcement on
Nasdaq Tallinn stock exchange. According to the aforementioned announcement,
the shareholders that accepted the Bid decided to sell the Offeror a total of
1 284 354 Arco Vara shares within the framework of the Bid, which total
approximately 14,2732% of all Arco Vara shares.

With the shares acquired as a result of the Bid, the Offeror shall own after
the transfer of the shares to the Offeror a total of 5 948 596 Arco Vara
shares that is approximately 66,1075% of all Arco Vara shares. Additionally,
the Offeror has subscribed for, but not been issued 390 000 Arco Vara shares.
If the share capital increase is registered after the value date of the Bid,
the shareholding of the Offeror will be approximately 67,5154% of the share

Payment of the purchase price and transfer of Arco Vara shares takes place on
7 April 2021 pursuant to the procedure set out in the notice and the
prospectus of the Bid.

Miko Niinemäe, the CEO of Arco Vara, “Everyday activities and previously
set targets remain unchanged. There is also no plan to exit Nasdaq Balti stock
exchange. We received confirmation that the entire Supervisory Board sees a
bright future for Arco Vara as does the CEO. Regardless of the share capital
distribution, I aim to increase the market capitalization by at least 10% per

Tiina Malm
 Arco Vara AS
 Tel: +372 614 4630
© Stockopedia 2021, Refinitiv, Share Data Services.
This site cannot substitute for professional investment advice or independent factual verification. To use it, you must accept our Terms of Use, Privacy and Disclaimer policies.