Market announcement
Arco Vara AS
Category
Other price sensitive information
Date
18.09.2008 16:59:00
Title
Muudatus Arco Vara AS juhatuses
Message
Vastavalt Arco Vara AS nõukogu poolt 18.09.2008 vastu võetud otsusele rahuldatakse Avo Rõõmussaare (Teenindusdivisjoni juhataja) lahkumisavaldus. Avo Rõõmussaare volitused lõppevad 15.10.2008 ning ta lahkub ka muudest Grupi juhtimisorganitest. Uut juhatuse liiget ei määrata. Grupi juhatus jätkab kolmeliikmelisena: Lembit Tampere (Juhatuse esimees), Heigo Metsoja (Finantsdirektor), Veiko Taevere (Investeerimisdivisjoni juhataja). Nõukogu tänab Avo Rõõmussaare panust teenindusdivisjonis seni tehtud hea töö ning saneerimisprotsessi alustamise eest. Arco Vara Teenindusdivisjon jätkab senise ärimudeliga püsides endiselt ligidal oma klientidele ja partneritele ning panustades maaklertegevusele, kinnisvaraalasele nõustamisele, hindamisele ja kinnisvarahaldusele. Arco Vara on Baltimaade üks juhtivaid kinnisvaraettevõtteid, mis laieneb Ida-Euroopa turgudel, opereerides juba Ukrainas, Bulgaarias ja Rumeenias. Ettevõtte põhitegevuseks on kinnisvaraarendus, mida toetavad enda kinnisvarabürood ja ehitusäri. Firmal on esindused 26 linnas ning grupis töötab 570 inimest. Arco Vara 2007. aasta konsolideeritud auditeeritud käive moodustas 727 mln krooni (46 mln eurot), puhaskasum enne vähemusosalusi 235 mln krooni (15 mln eurot) ja bilansimaht 3 564 mln krooni (228 mln eurot). Arco Vara aktsiad on noteeritud Tallinna Börsil. 1 EUR=15,6466 EEK Heigo Metsoja CFO +372 6144 654 heigo.metsoja@arcovara.ee http://www.arcorealestate.com
Title
Change in Arco Vara AS management
Message
According to the decision of Arco Vara AS Supervisory Board that was made on September 18, 2008 Avo Rõõmussaar (Head of Service Division) is withdrawn from Arco Vara AS management board and from all other managerial bodies of the Group on October 15, 2008. No new member of the management board is appointed and the management body continues with three members: Lembit Tampere (CEO), Heigo Metsoja (CFO) and Veiko Taevere (Head of Investment Division). Supervisory Board thanks Avo Rõõmussaar for the great job done so far and for initiating restructuring process in the Service Division. The Service Divison continues with the same business model by staying close to its partners and clients and developing further its core activities: brokerage, valuation, property advisory and property management. Arco Vara is one of the leading real estate developer in the Baltic's, undergoing a SEE expansion with presence established already in Ukraine, Bulgaria and Romania. Core business is real estate development supported by brokerage network and construction arm. The company has offices in 26 cities and employs 570 people. According to 2007 audited consolidated results net sales was 727 mln kroons (46 mln euros), net profit before minorities 235 mln kroons (15 mln euros) and assets 3 564 mln kroons (228 mln euros). Arco Vara is listed on Tallinn Stock Exchange. 1 EUR=15,6466 EEK Heigo Metsoja CFO +372 6144 654 heigo.metsoja@arcovara.ee http://www.arcorealestate.com