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ARC1T - Arco Vara AS News Story

€1.6 -0.0  -0.6%

Last Trade - 16/04/21

Sector
Financials
Size
Micro Cap
Market Cap £12.5m
Enterprise Value £19.8m
Revenue £12.2m
Position in Universe 504th / 795

Takeover bid for Arco Vara AS shares

Tue 2nd March, 2021 7:50am
For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20210302:nGNE3Zvsrf&default-theme=true


The majority shareholder of Arco Vara AS („Arco Vara“) OÜ Alarmo Kapital
notified stock exchange on 2 March 2021 of a mandatory takeover bid for
purchasing all Arco Vara shares. The purchase price is 1,30 euros per share.
Arco Vara has issued a total of 8 998 367 registered ordinary shares with a
nominal value of 0,70 euros. As at making the takeover bid, OÜ Alarmo held 4
664 242 Arco Vara shares, which totalled approximately 51,8343% of Arco Vara
shares and of the total votes represented by the corresponding shares.
Additionally, OÜ Alarmo Kapital has subscribed for, but not issued 390 000
Arco Vara shares (the increase of the share capital is pending with the
commercial register). When the increase of the share capital is registered,
the holding of Alarmo Kapital OÜ will be approximately 53,83% of the share
capital.

The period for accepting the Bid commences on 2 March 2021 at 10:00 and ends
at 31 March 2021 at 16:00 (Estonian time). Payment of the purchase price and
transfer of Arco Vara shares shall take place on 7 April 2021. The specific
conditions of the takeover bid are submitted in the takeover bid prospectus
and the notice of takeover bid
(https://www.globenewswire.com/Tracker?data=RZ4xGFz_kj9PNYy1W9qRhXOSPYwk9rliqF4XET73T_xELAuJxUGi2QU_5zNEjFBOHTesauKtSsT8_R_vICK3MI-ql2p-l4o0fCZZ7rdXmSo4W9QQKVIJ5r76L1nGRpT3159Nv3beWcotBcmvMFh-KkfCBQ5Zr7zeqOxzz84U1zDOmGJmH-9Gl3ZUJXEj7ojn).



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

Attachment
*     Takeover Prospectus Alarmo Kapital - Arco Vara
(https://ml-eu.globenewswire.com/Resource/Download/d2ee7065-209b-4871-bcd5-a4116983eba1)
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