Arco Vara AS (ARC1T.TL)
- Globe Newswire
Decisions of the Annual General Meeting of shareholders of Arco Vara AS
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 shar
- Globe Newswire
Change in the management of Arco Vara AS
Miko Niinemäe, Chairman of the Board at Arco Vara is to leave the company, and the Supervisory Board has begun searching for a new board member, who will take over the leadership by the end of the year at the latest. Miko Niinemäe, who joined Arco Vara in 2017 and was elected as the company's CEO in 2020, said he can leave with peace of mind. "Seven years in one organization is quite a long period these days. Starting as the youngest manager of a listed company on the Tallinn Stock Exchange, a c
- GlobeNewswire
Arco Vara unaudited consolidated interim report for Q1 of 2024
GROUP CEO’S REVIEW The beginning of the year was dominated by the European Central Bank's benchmark rate cut, aimed at bringing about economic revival. However, instead of relying on factors that are outside of our control, we should continue to realize completed and planned developments, assessing them realistically. In the first quarter, we were mainly engaged in the preparation of the sale of completed apartments of the Kodulahe development and the sale of Soodi 6 development. In addition, we
