Arco Vara AS announcement on secondary public offering of shares
13 September 2021 - 6:06PM
Arco Vara AS announcement on secondary public offering of shares
Arco Vara AS (registry code 10261718) announces
the secondary public offering of its shares. The offering is based
on the offering document drafted by Arco Vara AS, attached to this
announcement and available on the website of Arco Vara AS
www.arcovara.com/en/investor-relations/. As the total amount of the
offering is below EUR 2.5 million and the shares to be issued
represent less than 20% of the shares already traded on a regulated
market, no public offering, listing or trading prospectus is
drafted or published. Shares are publicly offered only in
Estonia.
Up to 1,000,000 new shares are offered publicly.
The proceeds from the offering, amounting up to EUR 2.25 million,
are intended to be used to develop real estate projects as
described in the offering document.
The offer is directed at all retail and
institutional investors in Estonia. Arco Vara AS intends to apply
for the new shares issued as a result of the offering to be
admitted to trading on the main list of Nasdaq Tallinn stock
exchange.
Overview of the main conditions of the
offering:
Offer period, during which time the shares can
be subscribed, begins on 20 September 2021 at 10:00 and ends on 15
October 2021 at 16:00 (GMT+3).
The price per one share offered is EUR 2.25,
from which EUR 0.7 is the nominal value of the share and EUR 1.55
the issue premium. Only integer number of shares can be subscribed
for.
An investor wishing to submit a subscription
order should contact the operator of its securities account opened
with the Estonian Register of Securities.
Arco Vara AS has one class of shares and the
shares offered belong to the same class.
IMPORTANT DATES
The below timeline specifies the most important
dates related to the offering.
20 September 2021 at 10:00
Start of
the offer period
15 October 2021 at
16:00
End of the offer period
18 October 2021
Announcing the results of the offering
On or about 20 October
2021
New shares are transferred to the investors and payment for the
sharesOn or about 28 October
2021
First trading day on Nasdaq Tallinn stock exchange
Form of the subscription order:
Securities account holder: |
[investor name] |
Securities account: |
[securities account number of the
investor] |
Account operator: |
[investor’s securities account operator’s
name] |
Security: |
ARCO VARA SHARE additional 10 |
ISIN-code: |
EE380A034652 |
Amount of securities: |
[number of shares that the investor wishes
to subscribe] |
Price (per one share): |
EUR 2.25 |
Transaction amount: |
[number of shares that the investor wishes
to subscribe multiplied by the price per share] |
Counterparty: |
Arco Vara AS |
Counterparty’s securities
account: |
99101908627 |
Counterparty's securities account
operator: |
AS LHV Pank |
Value date of the transaction: |
20.10.2021 |
Type of transaction: |
Purchase |
Settlement type: |
Delivery versus payment |
For additional information please contact:
Miko-Ove Niinemäe
CEO+372 614 4630
miko.niinemae@arcovara.com
The information contained herein does not
constitute an offer to sell or the solicitation of an offer to buy,
nor shall there be any sale of, the securities in any jurisdiction
in which such offer, solicitation or sale would be unlawful prior
to registration, exemption from registration or qualification under
the securities laws of any such jurisdiction. The information
contained herein is not for release, publication or distribution,
in whole or in part, directly or indirectly, in or into the United
States, Australia, Canada, Hong Kong, Japan, New Zealand,
Singapore, South Africa, United Kingdom or such other countries or
otherwise in such circumstances in which the release, publication
or distribution would be unlawful.The offering of the shares is
only based on the offering document and is addressed only to
persons to whom the offering document is addressed. The offering
document includes, among other things, risk factors and other
information. This notice has not been approved by any supervisory
authority and is not a prospectus. Therefore, investors should
subscribe for shares on the basis of the information contained in
the offering document and not only on the basis of this notice.
- Arco Vara pakkumisdokument ENG
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