Decisions of the Annual General Meeting of shareholders of Arco Vara AS
May 10, 2024 at 02:00 am EDT
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The annual general meeting of shareholders of Arco Vara AS held on 9 May 2024 adopted the following decisions:
To approve the annual report of Arco Vara AS for 2023.
To allocate the net profit for the year ended on 31 December 2023 in the amount of 3,550 thousand EUR to retained earnings.
To pay dividends to the shareholders 0.06 euros per share. The dividend will be paid out in 4 instalments as follows:
0.02 euros per share will be paid to the shareholders on 13 June 2024 by transfer to the shareholder's bank account. The list of shareholders entitled to respective dividends (record date) shall be fixed on 6 June 2024.
0.01.euros per share will be paid to the shareholders on 13 September 2024 by transfer to the shareholder's bank account. The respective dividend record date is on 6 September 2024.
0.02 euros per share will be paid to the shareholders on 13 December 2024 by transfer to the shareholder's bank account. The respective dividend record date is on 6 December 2024.
0.01 euros per share will be paid to the shareholders on 13 March 2025 by transfer to the shareholder's bank account. The respective dividend record date is on 6 March 2025.
The Management Board in accordance with the Supervisory Board proposes to the shareholders to appoint an auditor for three years and appoint KPMG Baltics OÜ as the auditor. To pay the auditor for auditing the annual report of Arco Vara AS for 2024, 2025 and 2026 according to the agreement concluded between Arco Vara AS and KPMG Baltics OÜ.
Dividend payment ex-date of Arco Vara AS Taking into account that the list of shareholders who are entitled to dividends (record date) shall be fixed on the following dates:
6 June 2024
6 September 2024
6 December 2024
6 March 2025.
Arco Vara AS hereby informs that the respective dividend payment ex-dates are the following:
5 June 2024
5 September 2024
5 December 2024
5 March 2025.
Tiina Malm CFO Arco Vara AS +372 6144 630 tiina.malm@arcovara.com
Arco Vara AS is an Estonia-based company active within the property industry. The Company focuses on the building construction, civil engineering, special engineering and real estate services. Its business consists of three segments: Development segment, which is engaged in the development of residential and commercial environments, as well as long-term investment in real estate; Service segment, which is involved in the real estate brokerage, valuation and management, and short-term investment in real estate, and Construction segment, which provides general and sub-contracting in the field of general construction, civil and environmental engineering, and construction supervision services. Arco Vara AS has numerous subsidiaries, including Arco Lozen EOOD, Acro Invest EOOD, and Acro Real Estate SIA. The Company operates in Estonia, Latvia and Bulgaria.