Market announcement
Arco Vara AS
Category
Other price sensitive information
Date
11.11.2008 13:22:23
Title
Selgitus tagasiostuprogrammi lõpetamise kohta
Message
Arco Vara otsustas 08.10.2008 algatatud programmi lõpetada, sest antud tagasiostuprogrammi tingimused ei võimaldanud omaaktsiaid tagasi osta hinnaga alla 5,0 krooni (0,32 eurot) aktsia kohta. Kuigi 06.11.2008 toimunud aktsionäride erakorralisel üldkoosolekul anti Arco Vara-le õigus omandada omaaktsiaid minimaalse hinnaga 1/10 aktsia nimiväärtusest aktsia kohta, ei ole Arco Vara tänaseks otsustanud uut tagasiostuprogrammi alustada. 1 EUR=15,6466 EEK Arco Vara AS
Title
Additional information on cancelling current share buyback program
Message
Arco Vara decided to cancel the program initiated on 08.10.2008 because according to the conditions of this specific program the company was not allowed to purchase its own shares at less value than 5.0 kroons (0.32 euros) per share. Although special general meeting of shareholders granted on 06.11.2008 Arco Vara AS the right to acquire its own shares at minimum value of 1/10 of the nominal value of the share, the company hasn't yet decided to exercise this opportunity. 1 EUR=15,6466 EEK Arco Vara AS