Share capital increase / Transaction with related party
On 1 July, 2013, 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 4 November, 2016, the share capital of Arco Vara AS increased by 273 000 EUR, i.e. the new share capital is 4 554 908.40 EUR.
The owner of the Convertible Bond, the CEO 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 CEO of Arco Vara AS Tarmo Sild and the Supervisory Board member Allar Niinepuu.
On 4 November, 2016, the entry regarding the increase of the share capital of Arco Vara AS was made in the Commercial Register.
Evelin Kanter
Head of Legal Department
Arco Vara AS
Tel: +372 614 4594
evelin.kanter@arcovara.ee
http://www.arcorealestate.com
|