Market announcement

Arco Vara AS

Category

Other price sensitive information

Date

01.09.2009 18:32:20

Title

Muudatus Arco Vara Kontserni olulise tütarettevõtte juhatuses

Message

Arco Vara AS olulise tütarettevõtte (vastavalt Tallinna Börsi reglemendile)
Arco Investeeringute AS-i (100 % Arco Vara tütarettevõte) juhatusest kutsuti
tagasi juhatuse liige Tarmo Loog. Arco Investeeringute AS juhatuse liikmena
jätkab Veiko Taevere. 
Juhatuse liige kutsuti tagasi seoses ettevõtte tegevusmahtude vähenemise ja
struktuuri kohandamisega vastavalt vähenenud töömahtudele. 

Arco Vara on Baltimaade üks juhtivaid kinnisvaraettevõtteid, opereerides ka
Ukrainas ja Bulgaarias. Ettevõtte põhitegevuseks on kinnisvaraarendus, mida
toetavad enda kinnisvarabürood, ehitusäri ja kinnisvarahaldus. Firmal on
esindused 17 linnas ning grupis töötab ca 250 inimest. Arco Vara AS aktsiad on
noteeritud Tallinna Börsil. 

Lembit Tampere
Juhatuse esimees
Arco Vara AS
Tel: +372 614 4630
lembit.tampere@arcovara.ee
http://www.arcorealestate.com/

Title

Change in Management Board of Arco Vara Group key subsidiary

Message

The Member of Management Board, Mr. Tarmo Loog, of Arco Vara Group key
subsidiary (as defined by Tallinn Stock Exchange regulations) Arco
Investeeringute AS (100 % subsidiary of Arco Vara AS) was recalled. As a Member
of Management Board of Arco Investeeringute AS will continue Mr. Veiko Taevere. 
In order to adapt the management structure to the decreased business volume was
the Member of Management Board recalled. 

Arco Vara is one of the leading real estate developer in the Baltic's,
operating also in Ukraine and Bulgaria. Core business is real estate
development supported by brokerage network, construction arm and property
management. The company has offices in 17 cities and employs ca 250 people. 
Arco Vara AS is listed on Tallinn Stock Exchange.


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