Skip to main content

Share capital increase / Transaction with related party

Written by Customer Service on . Posted in Public Companies.

On 10 May, 2016, the Annual General Meeting of Arco Vara AS adopted the decision to issue a convertible bond, which gave to the owner of it the right to subscribe for 390 000 shares 0.7 euros per share (hereinafter “Convertible Bond”). As 390 000 were subscribed for, Arco Vara AS has issued the corresponding new shares. On 27 May, 2021, the share capital of Arco Vara AS increased by 273 000 euros, i.e. the new share capital is 6,571,856.9 euros.

The owner of the Convertible Bond, the Supervisory Board member (former Management Board member) of Arco Vara AS Tarmo Sild, transferred the right of subscription to OÜ ALARMO KAPITAL who exercised it. OÜ ALARMO KAPITAL is associated with the Supervisory Board members of Arco Vara AS Tarmo Sild and the Allar Niinepuu.

On 27 May, 2021, the entry regarding the increase of the share capital of Arco Vara AS was made in the Commercial Register.

Arco Vara AS has submitted the application for the listing and admission to trading of the new shares on the Baltic Main List of the Nasdaq Tallinn Stock Exchange. Upon the approval of the application, trading with the new shares is expected to start on or about 01.06.2021.

Tiina Malm
CFO
Arco Vara AS
+372 6144 630
tiina.malm@arcovara.com

Disclaimer & Cookie Notice

Welcome to GOLDEA services for Professionals

Before you continue, please confirm the following:

Professional advisers only

I am a professional adviser and would like to visit the GOLDEA CAPITAL for Professionals website.

Important Notice for Investors:

The services and products offered by Goldalea Capital Ltd. are intended exclusively for professional market participants as defined by applicable laws and regulations. This typically includes institutional investors, qualified investors, and high-net-worth individuals who have sufficient knowledge, experience, resources, and independence to assess the risks of trading on their own.

No Investment Advice:

The information, analyses, and market data provided are for general information purposes only and do not constitute individual investment advice. They should not be construed as a basis for investment decisions and do not take into account the specific investment objectives, financial situation, or individual needs of any recipient.

High Risks:

Trading in financial instruments is associated with significant risks and may result in the complete loss of the invested capital. Goldalea Capital Ltd. accepts no liability for losses incurred as a result of the use of the information provided or the execution of transactions.

Sole Responsibility:

The decision to invest or not to invest is solely the responsibility of the investor. Investors should obtain comprehensive information about the risks involved before making any investment decision and, if necessary, seek independent advice.

No Guarantees:

Goldalea Capital Ltd. makes no warranties or representations as to the accuracy, completeness, or timeliness of the information provided. Markets are subject to constant change, and past performance is not a reliable indicator of future results.

Regional Restrictions:

The services offered by Goldalea Capital Ltd. may not be available to all persons or in all countries. It is the responsibility of the investor to ensure that they are authorized to use the services offered.

Please note: This disclaimer is for general information purposes only and does not replace individual legal or tax advice.