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
3530
Submission date and time
02.12.2011 12:08:13
Content of announcement in Estonian
Title
02.12.2011: Arco Vara ja Indrek Porila vaheline kohtuvaidlus lõppes Floristoni osaluse võõrandamisega Indrek Porilale
Message
Arco Vara ja Indrek Porila vaheline kohtuvaidlus lõppes kompromisskokkuleppega, mis vastab täielikult enne kohtuvaidluse algust Arco Vara poolt esitatud ettepanekule. 26.05.2010 teatas Arco Vara oma börsiteates, et Indrek Porila alustas kohtuvaidlust Arco Vara AS vastu. 01.12.2011 sõlmiti kokkuleppe, mille kohaselt annab Arco Vara AS Indrek Porila nõude täitmiseks EPRI Invest OÜ-le üle Floriston Grupp OÜ 319,6 EUR nimiväärtusega osa. Nimetatud osa on registreeritud Eesti Väärtpaberite Keskregistris ja moodustab osaühingu osakapitalist 12,5%. EPRI Invest OÜ ainuosanik ja juhatuse liige on Indrek Porila. Tehingu ei avalda kontserni bilansile ja kasumiaruandele olulist mõju. Floriston Grupp OÜ tegeleb enda või renditud kinnisvara üürileandmise ja käitusega. Ettevõtte ülejäänud 87,5% osalus kuulub Marcel Vichmanni ja Olav Miiliga seotud äriühingutele Ärimaja AS ja Majaarendus OÜ. Lõppenud kohtuvaidluse käigu kohta võib rohkem informatsiooni leida Arco Vara 2011. a 3. kvartali vahearuande lisa 15 „Tingimuslikud kohustused ja potentsiaalsed varad“ alapeatükist „Indrek Porila hagi Arco Vara AS vastu“. Arco Vara on Baltimaade üks juhtivaid kinnisvaraarenduse ettevõtteid, asutatud 1992. aastal. Ettevõtte põhitegevus on kinnisvaraarendus, mida toetavad vahendamine, hindamine, ehitus ja kinnisvarahaldus. Arco Varal on esindused 17 linnas Eestis, Lätis, Ukrainas ja Bulgaarias. Lembit Tampere Juhataja Arco Vara AS Tel: +372 614 4630 [email protected] http://www.arcorealestate.com
Content of announcement in English
Title
02.12.2011: Litigation between Arco Vara and Indrek Porila ends with transfer of a stake in Floriston to Indrek Porila
Message
The litigation between Arco Vara and Indrek Porila has ended with a compromise agreement that fully complies with the proposal made by Arco Vara prior to the lawsuit. In a stock exchange announcement of 26 May 2010 Arco Vara stated that Indrek Porila had brought an action against Arco Vara AS. On 1 December 2011 the parties signed an agreement under which the claim of Indrek Porila will be settled by Arco Vara AS transferring a share with a par value of EUR 319.6 in Floriston Grupp OÜ to EPRI Invest OÜ. The share is registered in the Estonian Central Register of Securities and accounts for 12.5% of the entity’s share capital. EPRI Invest OÜ’s sole shareholder and management board member is Indrek Porila. The transaction does not have any significant impact on the group’s balance sheet or income statement. Floriston Grupp OÜ is involved in letting and operating own and leased real estate. The remaining 87.5% stake in the entity is held by Ärimaja AS and Majaarendus OÜ, companies related to Marcel Vichmann and Olav Miil. For further information on the settled litigation, see Arco Vara’s interim report for the third quarter of 2011: note 15 Contingent assets and liabilities, subsection Action brought by Indrek Porila against Arco Vara AS. Established in 1992, Arco Vara is one of the leading real estate development companies in the Baltic countries. The company’s main activity is real estate development, which is supported by brokerage, valuation, construction and property management. Arco Vara 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