Announcement from the exchange
Observation status applied to AS Arco Vara shares
Tallinn, Estonia, 2021-02-15 12:24 CET --
Nasdaq Tallinn decided on February 15, 2021 to apply an observation status to AS Arco Vara shares (ARC1T, ISIN code: EE3100034653) based on the section 188.8.131.52. of chapter Supervision of the rules and regulations in relation to the announced intention of takeover offer to the shareholders.
Based on sub-sections of the clause 3.5. of the Supervision Rules of Nasdaq Tallinn, the Exchange has the right to add an observation status to a share and to the trading information displayed on the web site to draw the market participants' attention to significant circumstances related to a security or an issuer.
According to Supervision Rules clause 184.108.40.206 the observation status can be added in the case of making takeover offer to the shareholders of the issuer or announcing the intention of such an offer.
Today, on February 15, AS Arco Vara disclosed information about changes in substantial holding of AS Arco Vara and about the intention to make a mandatory takeover bid to the shareholders of AS Arco Vara by OÜ Alarmo Kapital.
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