Announcement • Jun 10
Arco Vara AS, Annual General Meeting, Jun 30, 2026 Arco Vara AS, Annual General Meeting, Jun 30, 2026, at 16:00 FLE Standard Time. Location: kodulahe pavilion in tallinn lammi 8, Estonia Announcement • Feb 26
Arco Vara AS Announces CEO Changes The Supervisory Board of Arco Vara has appointed Rait Riim as the new CEO of Arco Vara AS. According to the decision of the Supervisory Board, Rait Riim’s authority will take effect on April 1, 2026 and will be valid for three years. Rait Riim has 20 years of experience in the real estate sector. Since 2019, he has been working as Head of Real Estate Investments at LHV Varahaldus AS. Previously, he has served as Development Project Manager at Kapitel AS and as Real Estate Portfolio Manager at Ektornet Management Estonia OÜ, a subsidiary of Swedbank. From 2020 to 2021, Rait Riim was a member of the Supervisory Board of Arco Vara AS, representing LHV Pension Funds. Rait Riim’s main priorities at Arco Vara are the successful execution of the Luther Quarter and Arcojärve developments, balancing the development portfolio, and maintaining strong financial discipline. According to the decision of the Supervisory Board, Kristina Mustonen will be recalled from the Management Board of Arco Vara as of April 22, 2026. Announcement • Jan 15
Peeda OÜ acquired 7% stake in Arco Vara AS (TLSE:ARC1T) from Luther Factory OÜ. Peeda OÜ acquired 7% stake in Arco Vara AS (TLSE:ARC1T) from Luther Factory OÜ on January 14, 2026.
Peeda OÜ completed the acquisition of 7% stake in Arco Vara AS (TLSE:ARC1T) from Luther Factory OÜ on January 14, 2026. Announcement • Oct 28
Arco Vara AS Appoints Christian Petrov as Head of Bulgarian Operations And Management Board Member Arco Vara AS has appointed Christian Petrov as the new head of its Bulgarian subsidiaries following the departure of Arco Vara Bulgaria’s former Managing Director, Daniel Yordanov. The main responsibility of the new manager is to ensure the smooth continuation of the Bulgarian subsidiaries’ daily operations and to support Arco Vara’s strategic goal of gradually concluding its activities on the Bulgarian market, including overseeing the ongoing sales process and asset realization. At the same time, the development activities in Bulgaria continue as planned – the projects are progressing according to the established schedule, and the new manager’s task is to ensure their proper and effective execution until the completion of the exit process. Christian Petrov will serve on the management boards of all Arco Vara’s Bulgarian subsidiaries. Christian Petrov is a real estate professional with extensive experience in structuring and implementing complex projects. His expertise lies in financing and transforming existing commercial assets into high-value residential developments. Previously, he has worked in the public sector, dealing with urban transport, energy efficiency, and local authorities. Announcement • Jun 12
Arco Vara AS has completed a Follow-on Equity Offering in the amount of €17.45 million. Arco Vara AS has completed a Follow-on Equity Offering in the amount of €17.45 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 6,980,000
Price\Range: €2.5
Transaction Features: Rights Offering Announcement • Jun 06
Arco Vara as Approves Dividend for the Year Ended December 31, 2024, Payable on November 12, 2025 Arco Vara AS announced at the AGM held on June 5, 2025, approved to pay a dividend of EUR 0.02 per share for the year ended December 31, 2024. The dividend of EUR 0.02 per share will be paid to shareholders on 12 November 2025 via transfer to the shareholder's bank account. The list of shareholders entitled to receive the dividend (record date) will be fixed as of November 5, 2025. Arco Vara AS hereby informs that the respective dividend payment ex-date as 4 November 2025. Announcement • May 13
Arco Vara AS, Annual General Meeting, Jun 05, 2025 Arco Vara AS, Annual General Meeting, Jun 05, 2025, at 17:15 FLE Standard Time. Location: kodulahe pavilion in tallinn, Estonia Announcement • Mar 31
Tiina Malm Leaves Arco Vara as CFO Arco Vara AS announced Arco Vara CFO Tiina Malm is leaving Arco Vara and board member Kristina Mustonen has started the search for a new CFO for the company. The new CFO will take over management at the latest from the end of May. Tiina Malm is a member of the board of Arco Vara AS subsidiaries Arco Tarc OÜ, Arcojärve OÜ, Arco Spordi OÜ, Kerberon OÜ, Kodulahe Kvartal OÜ and Kodukalda OÜ, which is subject to change in the coming months. Announcement • Dec 02
Arco Vara AS Announces Dividend, Payable on December 13, 2024 Arco Vara AS will pay dividends to the shareholders in the net amount of EUR 2 cents per share on 13 December 2024. The company informed that the list of shareholders who are entitled to dividends shall be fixed on 6 of December 2024, as at the end of the working day of Nasdaq CSD Estonian Settlement System, and therefore the dividend payment ex-date is on 5 of December 2024. Reported Earnings • Oct 28
Third quarter 2024 earnings released: €0.02 loss per share (vs €0.028 loss in 3Q 2023) Third quarter 2024 results: €0.02 loss per share (improved from €0.028 loss in 3Q 2023). Revenue: €2.15m (up €2.01m from 3Q 2023). Net loss: €156.0k (loss narrowed 46% from 3Q 2023). Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has fallen by 22% per year, which means it is significantly lagging earnings. Declared Dividend • Sep 06
Dividend of €0.02 announced Shareholders will receive a dividend of €0.02. Ex-date: 5th December 2024 Payment date: 13th December 2024 Dividend yield will be 4.4%, which is higher than the industry average of 3.2%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months and having no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 22% per year over the past 9 years. However, payments have been volatile during that time. Upcoming Dividend • Aug 29
Upcoming dividend of €0.01 per share Eligible shareholders must have bought the stock before 05 September 2024. Payment date: 13 September 2024. The company is not currently making a profit and is not cash flow positive. Trailing yield: 4.3%. Lower than top quartile of German dividend payers (4.8%). Higher than average of industry peers (2.5%). Announcement • Aug 26
Arco Vara AS Announces Changes in the Boards of Arco Vara Subsidiaries Kodulahe Kvartal OÜ, Osaühing Kerberon, Arcojärve OÜ, Kodukalda OÜ, Kodulahe II OÜ and Arco Tarc OÜ As of September 1, 2024, Arco Vara AS' new CEO Kristina Mustonen and CFO Tiina Malm will be the new board members of Arco Vara's subsidiaries Kodulahe Kvartal OÜ, Osaühing Kerberon, Arcojärve OÜ, Kodukalda OÜ, Kodulahe II OÜ and Arco Tarc OÜ. Reported Earnings • Jul 26
Second quarter 2024 earnings released: €0.03 loss per share (vs €0.033 loss in 2Q 2023) Second quarter 2024 results: €0.03 loss per share (improved from €0.033 loss in 2Q 2023). Revenue: €943.0k (up 271% from 2Q 2023). Net loss: €339.0k (loss narrowed 2.3% from 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 11% per year whereas the company’s share price has fallen by 15% per year. Declared Dividend • Jun 06
Dividend of €0.01 announced Shareholders will receive a dividend of €0.01. Ex-date: 5th September 2024 Payment date: 13th September 2024 Dividend yield will be 4.2%, which is higher than the industry average of 3.2%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months and having no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 22% per year over the past 9 years. However, payments have been volatile during that time. Upcoming Dividend • May 29
Upcoming dividend of €0.02 per share Eligible shareholders must have bought the stock before 05 June 2024. Payment date: 13 June 2024. The company is not currently making a profit and is not cash flow positive. Trailing yield: 4.0%. Lower than top quartile of German dividend payers (4.6%). Higher than average of industry peers (2.9%). Announcement • May 12
Arco Vara AS Approves Dividend for the Year Ended 31 December 2023, Payable on June 13, 2024, September 13, 2024, December 13, 2024 and March 13, 2025 Respectively The annual general meeting of shareholders of Arco Vara AS held on 9 May 2024 approved to pay dividends to the shareholders EUR 0.06 per share. The dividend will be paid out in 4 instalments as follows: EUR 0.02 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. EUR 0.01 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. EUR 0.02 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. EUR 0.01 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. Arco Vara AS informed that the respective dividend payment ex-dates are: 5 June 2024; 5 September 2024; 5 December 2024 and 5 March 2025. Reported Earnings • Apr 26
First quarter 2024 earnings released: €0.03 loss per share (vs €0.028 loss in 1Q 2023) First quarter 2024 results: €0.03 loss per share (further deteriorated from €0.028 loss in 1Q 2023). Revenue: €990.0k (up 291% from 1Q 2023). Net loss: €349.0k (loss widened 20% from 1Q 2023). Over the last 3 years on average, earnings per share has fallen by 36% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. Declared Dividend • Apr 23
Fourth quarter dividend of €0.02 announced Shareholders will receive a dividend of €0.02. Ex-date: 5th June 2024 Payment date: 13th June 2024 Dividend yield will be 3.9%, which is higher than the industry average of 3.2%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months and having no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 22% per year over the past 9 years. However, payments have been volatile during that time. Announcement • Apr 09
Arco Vara AS, Annual General Meeting, May 09, 2024 Arco Vara AS, Annual General Meeting, May 09, 2024, at 17:15 E. Europe Standard Time. Location: Tallinn at Kodulahe pavilion (address Lammi 8) Tallinn Estonia Agenda: To consider Approval of the annual report for 2023; to consider Distribution of profit and dividend payment; to consider Election of auditor; and to transact such other business matters. Upcoming Dividend • Feb 29
Upcoming dividend of €0.01 per share Eligible shareholders must have bought the stock before 07 March 2024. Payment date: 15 March 2024. The company is not currently making a profit and is not cash flow positive. Trailing yield: 3.6%. Lower than top quartile of German dividend payers (5.2%). In line with average of industry peers (3.7%). Reported Earnings • Feb 16
Full year 2023 earnings released: EPS: €0.34 (vs €0.067 in FY 2022) Full year 2023 results: EPS: €0.34 (up from €0.067 in FY 2022). Revenue: €18.3m (up 36% from FY 2022). Net income: €3.55m (up 411% from FY 2022). Profit margin: 19% (up from 5.2% in FY 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 50% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. Announcement • Jan 31
Arco Vara AS Provides Earnings Guidance for the Year 2023 Arco Vara AS provided earnings guidance for the year 2023. For the period, the group updates its profit prediction for 2023, with the forecasted profit being EUR 3.6 million . Announcement • Dec 05
Arco Vara AS Announces Management Changes Arco Vara AS appointed Daniel Yordanov as its new General Manager of Arco Vara Bulgaria, and prematurely terminated the contract with the previous manager of the Bulgarian units Kaloyan Radosslavov. Daniel becomes the manager of Arco Vara AS subsidiaries Arco Vara Bulgaria EOOD, Botanica Lozen EOOD, Arco Invest EOOD, Arco Manastirski EOOD, Arco Riverside EOOD and Iztok Parkside EOOD. The management contract was signed for 3 years. The main focus and key responsibility of the newly appointed General Manager will be to continue the ongoing development of Botanica Lozen in Bulgaria, find new developments, strengthen the team and increase the overall profitability of the Bulgarian branch of the group. Before joining Arco Vara, Daniel Yordanov gained a solid track record in real estate advisory business, investment and development sector. Daniel holds a BSc in Finance (University of National and World Economy, Sofia, Bulgaria) and an MSc in Management (University of Huddersfield, UK). He has also studied real estate finance at The London School of Economics and Political Science. Upcoming Dividend • Nov 30
Upcoming dividend of €0.02 per share at 3.7% yield Eligible shareholders must have bought the stock before 07 December 2023. Payment date: 15 December 2023. The company is not currently making a profit and is not cash flow positive. Trailing yield: 3.7%. Lower than top quartile of German dividend payers (5.1%). In line with average of industry peers (3.5%). Reported Earnings • Oct 29
Third quarter 2023 earnings released: €0.03 loss per share (vs €0.054 profit in 3Q 2022) Third quarter 2023 results: €0.03 loss per share (down from €0.054 profit in 3Q 2022). Net loss: €290.0k (down 152% from profit in 3Q 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 83 percentage points per year, which is a significant difference in performance. Upcoming Dividend • Aug 31
Upcoming dividend of €0.01 per share at 3.5% yield Eligible shareholders must have bought the stock before 07 September 2023. Payment date: 15 September 2023. The company is not currently making a profit and is not cash flow positive. Trailing yield: 3.5%. Lower than top quartile of German dividend payers (4.9%). In line with average of industry peers (3.6%). Reported Earnings • Jul 28
Second quarter 2023 earnings released: €0.03 loss per share (vs €0.09 profit in 2Q 2022) Second quarter 2023 results: €0.03 loss per share (down from €0.09 profit in 2Q 2022). Revenue: €254.0k (down 97% from 2Q 2022). Net loss: €347.0k (down 137% from profit in 2Q 2022). Over the last 3 years on average, earnings per share has fallen by 40% per year but the company’s share price has increased by 16% per year, which means it is well ahead of earnings. Upcoming Dividend • May 31
Upcoming dividend of €0.02 per share at 3.3% yield Eligible shareholders must have bought the stock before 07 June 2023. Payment date: 15 June 2023. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 3.3%. Lower than top quartile of German dividend payers (4.8%). Lower than average of industry peers (4.1%). Announcement • May 20
Arco Vara AS Approves Dividend for the Year Ended on 31 December 2022, Payable on 15 June 2023, 15 September 2023, 15 December 2023, 15 March 2024, Respectively Arco Vara AS at the Annual General Meeting held on 17 May 2023, approved to pay dividends to the shareholders EUR 0.06 per share. The dividend will be paid out in 4 instalments as follows: EUR 0.02 per share will be paid to the shareholders on 15 June 2023 by transfer to the shareholder's bank account. The list of shareholders entitled to respective dividends (record date) shall be fixed on 8 June 2023; EUR 0.01 per share will be paid to the shareholders on 15 September 2023 by transfer to the shareholder's bank account. The respective dividend record date is on 8 September 2023; EUR 0.02 per share will be paid to the shareholders on 15 December 2023 by transfer to the shareholder's bank account. The respective dividend record date is on 8 December 2023; EUR 0.01 per share will be paid to the shareholders on 15 March 2024 by transfer to the shareholder's bank account. The respective dividend record date is on 8 March 2024. Reported Earnings • Apr 12
Full year 2022 earnings released: EPS: €0.07 (vs €0.22 in FY 2021) Full year 2022 results: EPS: €0.07 (down from €0.22 in FY 2021). Revenue: €13.5m (up 16% from FY 2021). Net income: €695.0k (down 66% from FY 2021). Profit margin: 5.2% (down from 18% in FY 2021). Over the last 3 years on average, earnings per share has increased by 16% per year whereas the company’s share price has increased by 18% per year. Upcoming Dividend • Mar 02
Upcoming dividend of €0.01 per share at 0.5% yield Eligible shareholders must have bought the stock before 07 March 2023. Payment date: 15 March 2023. Trailing yield: 0.5%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (6.1%). Announcement • Dec 06
Arco Vara AS Announces Changes in Management Arco Vara AS announced that at the start of 2023, the current head of development of Arco Vara AS Tiit Nõu is leaving his position. The tasks of the head of development are redistributed to other positions in the course of restructuring. The tasks of Tiit Nõu in boards of the subsidiaries are substituted by CEO of Arco Vara AS Miko-Ove Niinemäe and the lawyer Evelin Kanter. Miko-Ove Niinemäe and Evelin Kanter are from now on board members of all active Estonian subsidiaries of Arco Vara AS. Announcement • Dec 02
Arco Vara AS Announces Dividend, Payable on 15 December 2022 Arco Vara AS informed that the list of shareholders who are entitled to dividends shall be fixed on 8th of December 2022, as at the end of the working day of Nasdaq CSD Estonian Settlement System, and therefore the dividend payment ex-date is on 7th of December 2022. From that date the new owner of the shares is not entitled to dividends for the year 2021 paid out on the 15th of December 2022. Arco Vara AS will pay dividends to the shareholders in the net amount of 2 EUR cents per share on 15th December 2022. Next confirmed payment is 1 euro cent per share on 15th of March 2023. Announcement • Jun 23
Arco Vara AS Announces Dividend, Payable on June 15, 2022, September 15, 2022, December 15, 2022 and March 15, 2023 Arco Vara AS announced to pay dividends to the shareholders EUR 0.06 per share. The dividend will be paid out in 4 instalments as follows: EUR 0.02 per share will be paid to the shareholders on 15 June 2022 by transfer to the shareholder's bank account. The list of shareholders entitled to respective dividends (record date) shall be fixed on 8 June 2022. EUR 0.01 per share will be paid to the shareholders on 15 September 2022 by transfer to the shareholder's bank account. The respective dividend record date is on 8 September 2022. EUR 0.02 per share will be paid to the shareholders on 15 December 2022 by transfer to the shareholder's bank account. The respective dividend record date is on 8 December 2022. EUR 0.01 per share will be paid to the shareholders on 15 March 2023 by transfer to the shareholder's bank account. The respective dividend record date is on 8 March 2023. Announcement • May 18
Arco Vara AS Approves Dividend for the Year Ended on 31 December 2021, Payable on 15 June, 2022; 15 September, 2022; 15 December, 2022 and 15 March, 2023 The annual general meeting of shareholders of Arco Vara AS held on 17 May 2022 adopted the decision: To pay dividends to the shareholders EUR 0.06 per share. The dividend will be paid out in 4 instalments as follows: EUR 0.02 per share will be paid to the shareholders on 15 June 2022 by transfer to the shareholder's bank account. The list of shareholders entitled to respective dividends (record date) shall be fixed on 8 June 2022. EUR 0.01 per share will be paid to the shareholders on 15 September 2022 by transfer to the shareholder's bank account. The respective dividend record date is on 8 September 2022. EUR 0.02 per share will be paid to the shareholders on 15 December 2022 by transfer to the shareholder's bank account. The respective dividend record date is on 8 December 2022. EUR 0.01 per share will be paid to the shareholders on 15 March 2023 by transfer to the shareholder's bank account. The respective dividend record date is on 8 March 2023. Arco Vara AS hereby informed that the respective dividend payment ex-dates are the following: 7 June 2022; 7 September 2022; 7 December 2022 and 7 March 2023, respectively. Announcement • Mar 04
Arco Vara AS Announces Dividend, Payable on March 15, 2022 Arco Vara AS informs that the list of shareholders who are entitled to dividends shall be fixed on 8th of March 2022, as at the end of the working day of Nasdaq CSD Estonian Settlement System, and therefore the dividend payment ex-date is on 7th of March 2022. From that date the new owner of the shares is not entitled to dividends for the year 2020 paid out on the 15th of March 2022. The company will pay dividends to the shareholders in the net amount of 1 euro cents per share on 15th of March 2022. Announcement • May 15
Arco Vara AS Approves Dividend for the Year Ended on 31 December 2020 Arco Vara AS's Annual General Meeting held on 14 May 2021 approved a resolution to allocate the net profit for the year ended on 31 December 2020 in the amount of EUR 1,012,000 to retained earnings; to pay dividends to the shareholders EUR 0.06 per share. The dividend will be paid out in 4 instalments as: EUR 0.03 per share will be paid to the shareholders on 15 June 2021 by transfer to the shareholder's bank account. The list of shareholders entitled to respective dividends (ex-date) shall be fixed on 08 June 2021. EUR 0.01 per share will be paid to the shareholders on 15 September 2021 by transfer to the shareholder's bank account. The respective dividend ex-date is on 08 September 2021. EUR 0.01 per share will be paid to the shareholders on 15 December 2021 by transfer to the shareholder's bank account. The respective dividend ex-date is on 08 December 2021. EUR 0.01 per share will be paid to the shareholders on 15 March 2022 by transfer to the shareholder's bank account. The respective dividend ex-date is on 08 March 2022. Management Board in accordance with Supervisory Board proposes to the shareholders: To approve the dividend policy of Arco Vara AS until the end of 2023. As of the second quarter of 2021, a dividend of at least EUR 0.01 per share will be paid to shareholders in each quarter and additional pay out based on audited net profit of the previous financial year. Announcement • Mar 04
OÜ Alarmo Kapital made an offer to acquire remaining 48.2% stake in Arco Vara AS (TLSE:ARC1T) for €5.6 million. OÜ Alarmo Kapital made an offer to acquire remaining 48.2% stake in Arco Vara AS (TLSE:ARC1T) for €5.6 million on March 2, 2021. Under the terms of consideration, OÜ Alarmo Kapital will acquire 4.3 million shares for €1.3 per share. Each Arco Vara share grants the shareholder one vote at the general meeting of Arco Vara shareholders. If the shareholding of the offeror exceeds 9/10 of the total amount of the shares as a result of the bid, the offeror may contemplate taking over the shares belonging to minority shareholders for a fair monetary compensation pursuant to the Securities Market Act and the Commercial Code Payment of the purchase price and transfer of Arco Vara shares shall take place on April 7, 2021. This notice and the prospectus of the bid have been approved by the Estonian Financial Supervision Authority on March 1, 2021. The period for accepting the bid starts on March 2, 2021 and ends on March 31, 2021. Announcement • Feb 16
OÜ Alarmo Kapital acquired an additional 9.45% minority stake in Arco Vara AS (TLSE:ARC1T) from Rain Lohmus. OÜ Alarmo Kapital acquired an additional 9.45% minority stake in Arco Vara AS (TLSE:ARC1T) from Rain Lohmus on February 12, 2021. As a part of transaction, OÜ Alarmo Kapital will acquire 0.85 million shares of Arco Vara AS. Post transaction, OÜ Alarmo Kapital will hold 51.83% stake in Arco Vara AS. In addition to the 51.83% stake 0.39 million shares are subscribed but not yet issued to OÜ Alarmo Kapital by Arco Vara AS, which after the issue would make a 53.83% shareholder. In coordination with the Estonian Financial Supervision Authority (FSA) and accordance with the Securities Market Act, OÜ Alarmo Kapital also announced its intention to make a mandatory take overbid to the shareholders of Arco Vara AS.
OÜ Alarmo Kapital completed the acquisition of an additional 9.45% minority stake in Arco Vara AS (TLSE:ARC1T) from Rain Lohmus on February 12, 2021. Is New 90 Day High Low • Feb 13
New 90-day high: €1.41 The company is up 25% from its price of €1.13 on 13 November 2020. The German market is up 11% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Real Estate industry, which is up 1.0% over the same period. Reported Earnings • Feb 12
Full year 2020 earnings released: EPS €0.11 (vs €0.043 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: €14.1m (up 7.2% from FY 2019). Net income: €1.01m (up 161% from FY 2019). Profit margin: 7.2% (up from 3.0% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 32% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Jan 27
New 90-day high: €1.36 The company is up 20% from its price of €1.13 on 29 October 2020. The German market is up 21% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Real Estate industry, which is up 9.0% over the same period. Announcement • Jan 23
Arco Vara AS Wins Lawsuit Arco Vara AS announced that By a court ruling of January 18, 2021, the Supreme Court did not accept the appeal in cassation of Brave Capital O-. As a result, the judicial decision of the circuit court fully entered into force on June 30, 2020 and Arco won the civil matter in full. The final amount of the procedure expenses awarded against Brave to be paid to Arco will be determined by the Harju County Court. On June 30, 2020, Brave filed an appeal in cassation against the decision of the Tallinn Circuit Court and asked the Supreme Court to Annual it once again. On June 30, 2020, the Tallinn Circuit Court annulled the original decision of the County Court of March 27, 2017, dismissed Brave's action and satisfied Arco's counterclaim. The circuit court declared Brave's exclusive right to the sign "VESKIM-LDRE", registered as a trademark, invalid. The measures for securing the action were revoked. Brave was ordered to pay the procedure expenses of all the proceedings. On December 18, 2019, the Supreme Court again annulled the judgment of the Circuit Court of January 29, 2019 and sent the matter to the same Circuit Court to review its decision. On January 29, 2019, the Tallinn Circuit Court annulled the original decision of the County Court of March 27, 2017, dismissed Brave's action and satisfied Arco's counterclaim. The circuit court declared Brave's exclusive right to the sign "VESKIM-LDRE", registered as a trademark, invalid. The measures for securing the action were revoked. Brave was ordered to pay the procedure expenses. On June 13, 2018, the Supreme Court in turn annulled the judgment of the Circuit Court of October 09, 2017 and sent the matter again to the same Circuit Court to review its decision. Is New 90 Day High Low • Dec 31
New 90-day high: €1.31 The company is up 18% from its price of €1.11 on 02 October 2020. The German market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Real Estate industry, which is up 6.0% over the same period. Is New 90 Day High Low • Dec 07
New 90-day high: €1.20 The company is up 9.0% from its price of €1.10 on 08 September 2020. The German market is up 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Real Estate industry, which is down 1.0% over the same period. Announcement • Dec 06
Arco Vara AS Enters into Construction and Financing Contracts for Conducting the Next Residential Development Project of Kodulahe Kvartal Arco Vara AS has entered into construction and financing contracts for conducting the next residential development project of Kodulahe Kvartal. In Merimetsa, Tallinn, the joint development of the 4th and 5th apartment building of Kodulahe Kvartal will be started at addresses Pagi 3 and Pagi 5 where 72 apartments will be constructed. On offer will be apartments with 2 to 5 rooms and with a total GSA of 4,777 m2. The buildings were designed by KAMP Arhitektid OÜ, the main contractor of construction is RAMM Ehituse OÜ and the construction is financed by AS LHV Pank. The buildings will be completed in the summer of 2022 and the expected income of the project is approximately EUR 11.7 million. Announcement • Dec 01
Arco Vara AS Announces Management Changes The Management Board of Arco Vara AS dismissed Ivaylo Mishev from the position of manager Arco Vara Group’s Bulgarian entities (Arco Vara Bulgaria EOOD, Iztok Parkside EOOD, Arco Invest EOOD, Arco Lozen EOOD, Arco Manastirski EOOD) and elected as new manager Kaloyan Radosslavov. The Management Agreement with the new manager has been concluded for 3 years. Kaloyan Radosslavov joined the team of Arco Vara in 2018 and in a short period of time successfully turned around the Madrid project into a profitable enterprise for the group. The main responsibilities before the new manager will be to complete all ongoing projects in Bulgaria, initiate new developments, diversify the real estate portfolio and increase the overall profitability of the Bulgarian arm of the group. Prior to joining Arco Vara, Kaloyan worked as a lawyer in New York, USA. Is New 90 Day High Low • Nov 20
New 90-day high: €1.18 The company is up 3.0% from its price of €1.15 on 21 August 2020. The German market is up 2.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Real Estate industry, which is down 2.0% over the same period. Announcement • Sep 22
Mari Tool acquired 14.1% stake in Arco Vara AS (TLSE:ARC1T) from AS Baltplast. Mari Tool acquired 14.1% stake in Arco Vara AS (TLSE:ARC1T) from AS Baltplast on May 5, 2015. Mari Tool acquired 0.86 million Arco Vara shares.
Mari Tool completed the acquisition of 14.1% stake in Arco Vara AS (TLSE:ARC1T) from AS Baltplast on May 5, 2015. 
