Market announcement
Arco Vara AS
LEI code
097900BHCB0000066171
Size of the entity
Small group
Economic activities
Professional, Scientific and Technical Activities
Country of registered office
Estonia
General information
Categories
Other price sensitive information
Unique data record identifier
3509
Submission date and time
03.11.2011 17:03:33
Content of announcement in Estonian
Title
03.11.2011: Arco Vara AS parandab 18.03.2011 avaldatud börsiteadet
Message
18.03.2011 avaldas Arco Vara AS börsiteate „Arco Vara sidusettevõte kaasas Tivoli projekti arendamiseks 11,4 MEUR ja tagastas SEB laenu“. Teates on öeldud: „Kuna kinnistu ja osaluse müük toimusid bilansilise maksumusega, ei avalda need kontserni bilansile ja kasumiaruandele olulist mõju. Tehingute tulemusena tagastas Arco Investeeringute AS SEB Pangale kogu Tivoli projekti maa soetamiseks võetud pangalaenu summas 5 432 490 EUR.“ Järgneb teate teksti parandatud redaktsioon: Tehing viidi läbi bilansilise väärtusega mistõttu vähenesid nii kontserni kohustused kui ka bilansi maht 5,4 MEUR võrra, mis omab olulist mõju kontserni bilansimahule ja kohustustele. Oluline mõju kasumiaruandele puudus. Tehingute tulemusena tagastas Arco Investeeringute AS SEB Pangale laene summas 5 432 490 EUR.“ Arco Vara on Baltimaade üks juhtivaid kinnisvaraarenduse ettevõtteid, asutatud 1992. aastal. Ettevõtte põhitegevus on kinnisvaraarendus, mida toetavad hindamine, ehitus ja kinnisvarahaldus. Firmal on esindused 17 linnas Eestis, Lätis, Ukrainas ja Bulgaarias. Lembit Tampere Juhatuse liige Arco Vara AS Tel: +372 614 4630 [email protected] http://www.arcorealestate.com
Content of announcement in English
Title
03.11.2011: Arco Vara rectifies announcemnet from 18.03.2011
Message
18.03.2011 Arco Vara AS issued a Stock Exchange announcement: „Arco Vara associate attracts 11,4 MEUR for the development of the Tivoli project and repays SEB loan.“ Announcement states: „As the property and the holding were sold at their balance cost, they will not have a significant influence to the balance sheet and the income statement of the group. As a result of the transactions, Arco Investeeringute AS redeemed to SEB Pank all the loan in the amount of 5,432,490 EUR that was raised for acquisition of the land for the Tivoli project.“ The rectified wording follows: The transaction was executed at book value thus the balance sheet as well as the liabilities of the group decreased by 5,4 MEUR, having a significant influence as to the liabilities and balance sheet of the group. There is no signficant influence to the income statement of the group. As a result of the transactions, Arco Investeeringute AS redeemed to SEB Pank loans in the amount of 5,432,490 EUR. Established in 1992, Arco Vara is one of the leading real estate development companies in the Baltic countries. The main activity of the company is real estate development, supported by appraisal, construction and real estate administration. The company has offices in 17 cities in Estonia, Latvia, Ukraine and Bulgaria. Lembit Tampere Member of the Management Board Arco Vara AS Tel: +372 614 4630 [email protected] http://www.arcorealestate.com