15.05.2012: Decisions of annual general meeting of shareholders Arco Vara AS

Arco Vara 

15.05.2012 10:37
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The annual general meeting of shareholders of Arco Vara AS was held on May 15,
2012 at Park Inn by Radisson Central conference centre, room Stuudio II, Narva
mnt 7C, Tallinn. 

The annual general meeting of shareholders of Arco Vara AS started at 9.06 a.m.
and ended at 9.35 a.m. and it was competent to pass decisions regarding the
items on the agenda. 

The agenda of the annual general meeting of shareholders of Arco Vara AS was
published on April 20, 2012 in the information system of the Tallinn Stock
Exchange and on the website of Arco Vara AS http://www.arcorealestate.com and
on April 21, 2012 in the newspaper Postimees. 

The following decisions were passed at the annual general meeting of
shareholders of Arco Vara AS: 
1.    To approve the year 2011 annual report of Arco Vara AS.
2.    To cover the net loss for the year ended on December 31, 2011 of 3 381
662 euros to retained earnings. 
3.    To elect Mr Aivar Pilv, personal identification code 36103220342, to the
supervisory board of Arco Vara AS. 
4.    To appoint an auditor for one year (until the next annual general meeting
of shareholders) and appoint AS PricewaterhouseCoopers such auditor. To pay the
auditor for auditing the 2012 annual report according to an agreement to be
signed between Arco Vara AS and AS PricewaterhouseCoopers. 

The annual general meeting of the shareholders of Arco Vara AS was held
according to law and statute of Arco Vara AS. Not later than on May 22, 2012
the minutes of the general meeting is accessible on the website of Arco Vara AS
http://www.arcorealestate.com. 

Lembit Tampere
CEO
Arco Vara AS
phone: +372 614 4630
lembit.tampere@arcovara.ee
http://www.arcorealestate.com
News Source: NASDAQ OMX



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Language:     English
Company:      Arco Vara
              
               
              Estonia
Phone:        
Fax:          
E-mail:       
Internet:     
ISIN:         EE3100034653
WKN:          
 
End of Announcement                             DGAP News-Service
 
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