Takeover bid for Arco Vara AS shares

Written by Customer Service on . Posted in Mergers And Acquisitions.

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.
Tiina Malm
CFO
Arco Vara AS
Tel: +372 614 4630
tiina.malm@arcovara.comAttachmentTakeover Prospectus Alarmo Kapital – Arco Vara

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.

Cookie Notice

We use cookies to improve your experience on our website

Information we collect about your use of Goldea Capital website

Goldea Capital website collects personal data about visitors to its website.

When someone visits our websites, we use a third party service, Google Analytics, to collect standard internet log information (such as IP address and type of browser they’re using) and details of visitor behavior patterns. We do this to allow us to keep track of the number of visitors to the various parts of the sites and understand how our website is used. We do not make any attempt to find out the identities or nature of those visiting our websites. We won’t share your information with any other organizations for marketing, market research or commercial purposes and we don’t pass on your details to other websites.

Use of cookies
Cookies are small text files that are placed on your computer or other device by websites that you visit. They are widely used to make websites work, or work more efficiently, as well as to provide information to the owners of the site.