Published: 2019-05-21 14:55:31 CEST
Arco Vara
Notice to convene annual general meeting

Annual General Meeting of Arco Vara AS

NOTICE OF THE ANNUAL GENERAL MEETING, ITS AGENDA AND PROPOSED RESOLUTIONS


Dear shareholder of Arco Vara AS

Notice is hereby given that the annual general meeting of Arco Vara AS (registry number 10261718; registered office at Rävala Avenue 5, Tallinn) will be held in the office of Arco Vara Kinnisvarabüroo in Tallinn at Rävala Avenue 5 on 13 June 2019 at 10.00 am.

The agenda of the annual general meeting:

  1. Approval of the annual report for 2018

The Supervisory Board proposes to the shareholders:

To approve the annual report of Arco Vara AS for 2018.

  1. Covering of loss and payment of dividends

The Supervisory Board proposes to the shareholders:

  • to cover the net loss for the year ended on 31 December 2018 in the amount of 543 700 euros from retained earnings;
  • to pay dividends to the shareholders 0.01 euros per share, in the total amount of 89 984 euros. The list of shareholders entitled to dividends shall be fixed as at 5 July 2019, as at the end of the working day of Nasdaq CSD Estonian Settlement System. Dividends shall be paid to the shareholders by transfer to the bank account of the shareholders on 12 July 2019.

The materials of the annual general meeting will be available on the website of Arco Vara AS at www.arcorealestate.com and in the registered office of Arco Vara AS at Rävala Avenue 5, Tallinn on business days from 9 am to 5 pm.

Questions regarding the agenda items may be sent by email to info@arcovara.com. The questions together with the answers will be published on the website of Arco Vara AS. All shareholders have a lawful right to obtain information from the Management Board about the operation of the company. Shareholders whose shares represent at least 1/20 of the share capital of Arco Vara AS may request that additional items be added to the agenda provided they submit their request at least 15 days before the general meeting, i.e. by 29 April 2019 at the latest, and they may propose a resolution on any or all agenda items, provided they submit the proposal at least 3 days before the general meeting, i.e. by 10 June 2019 at the latest. Shareholder requests and proposals have to be submitted by email to info@arcovara.com and they will be published in line with legal requirements.

The list of shareholders eligible to vote will be fixed 7 days before the general meeting, i.e. on 6 June 2019 as at the end of the working day of Nasdaq CSD Estonian Settlement System.

Registration of attendees begins on 5 April 2017 at 9:30 am. For registration, please bring an identity document. A proxy must have a written proxy document or other documents verifying the right to act as a proxy. A shareholder may notify Arco Vara AS before the meeting of the appointment of a proxy or the revocation of a proxy appointment by sending relevant digitally signed notice to info@arcovara.com on 12 June 2019 at the latest.

The notice of the annual general meeting will be published in Eesti Päevaleht on 22 May 2019.


Yours sincerely,

Management Board of Arco Vara AS