The Financial Supervision Authority registered the public offer prospectus of Arco Vara
The Financial Supervision Authority registered the public offer prospectus for securities of Arco Vara AS (registry code 10261718) on 1 June 2007. The Tallinn Stock Exchange started the procedure for listing the shares of AS Arco Vara on the main list of the Tallinn Stock Exchange based on the documents submitted.
The Financial Supervision Authority would like to point out here that Arco Vara may increase the number of new shares being offered by up to 8 000 000 shares before determining the offer price; the chief organiser of the offer also has an over allotment option. Provided that the increase option and over allotment option are fully realised, the shares offered will form approximately 46.33% of the company's share capital after the conclusion of the offer.
As of the moment of the announcement of the offer, Arco Vara has two shareholders: OÜ Toletum, owned in equal parts by Arti Arakas and Richard Tomingas, members of the supervisory board of Arco Vara, who own 66.67%, and OÜ HM Investeeringud, owned in full by Hillar-Peeter Luitsalu, member of the supervisory board of Arco Vara, who owns 33.33% of the shares of Arco Vara. If neither shareholder acquires any shares in the course of the offering, and all additional shares subject to the over allotment option are sold, and the increase option is realised in full, OÜ Toletum will control approximately 35.78%, and OÜ HM Investeeringud will control approximately 17.89% of the votes at the general meeting of shareholders, after the conclusion of the offer.