Arco Vara AS Successfully Completes Strategic Share Offering

Arco Vara AS Completes Targeted Share Issue
Arco Vara AS has successfully concluded a significant targeted share offering, a strategic move aimed at bolstering the company's capital base. This decision came after an affirmative vote at their Annual General Meeting, where stakeholders approved the initiative geared toward specific investors, allowing for a robust financial framework.
Details of the Share Capital Increase
The share capital of Arco Vara AS increased through the issuance of 6,980,000 new ordinary shares, each priced at €2.50. This move raised the company's share capital to a total of €12,157,856.90. The nominal value of each share stands at €0.70, with a notable share premium of €1.80. The enthusiastic subscription for the new shares enabled the management to shorten the subscription period, allowing for immediate funding inflow, demonstrating strong confidence among investors.
Key Investors in the Share Issue
The new shares were wholly subscribed through monetary contributions by key investors. Among these contributors:
- Alarmo Kapital OÜ took 2,100,000 shares, amounting to €5,250,000.
- Luther Factory OÜ acquired 3,309,999 shares, totaling €8,274,997.50.
- Luther Factory Holding OÜ purchased 1,570,001 shares for €3,925,002.50.
This diversified investor engagement reflects a strong endorsement of Arco Vara AS's growth potential and future prospects.
Listing and Trading of New Shares
Following the successful completion of the share issue, Arco Vara AS plans to apply for the listing and trading of these newly issued shares on the Nasdaq Tallinn Baltic Main List. The expectation is that trading will commence on the first day after the company informs Nasdaq Tallinn about the registration of the increase in share capital and assigns an ISIN code to the new shares, with the designated code being EE3100034653.
In essence, this share issue not only highlights investor confidence but also positions Arco Vara AS for future growth and sustainability in the competitive real estate market. The corporate strategy focuses on enhancing shareholder value, and this successful capital raise marks a significant milestone in that journey.
Frequently Asked Questions
What is the purpose of Arco Vara AS's recent share issue?
The targeted share issue was initiated to increase the company's capital base, enabling further investment and growth in the real estate sector.
How many new shares were issued by Arco Vara AS?
Arco Vara AS issued a total of 6,980,000 new ordinary shares in its recent targeted share offering.
What was the subscription price of the new shares?
The new shares were offered at a subscription price of €2.50 each, which includes a nominal value of €0.70 and a share premium of €1.80.
Who were the main investors in this share issue?
The primary investors included Alarmo Kapital OÜ, Luther Factory OÜ, and Luther Factory Holding OÜ, contributing significant capital to the share offering.
When will the new shares start trading?
The new shares are expected to begin trading on the Nasdaq Tallinn Baltic Main List shortly after the registration of the share capital increase with the relevant authorities.
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