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
3827
Submission date and time
17.10.2012 15:31:30
Content of announcement in Estonian
Title
17.10.2012: Täiendav kommentaar 16.10.2012 avaldatud börsiteatele Arco Vara uue juhatuse liikme kohta
Message
Seoses Eesti meedias avaldatud informatsiooniga AS Arco Vara uue juhataja Tarmo Silla karistatuse kohta peab Arco Vara vajalikuks täpsustada järgmisi fakte: 1. Tarmo Silda on karistatud Karistusseadustiku § 295 lg 1 sätestatud kuriteo toimepanemise, s.o. pistise vahendamise eest rahatrahviga summas 102 870 krooni (ca. 6575 EUR). Kohtuotsus jõustus 26.05.2010. 2. Tarmo Sild maksis talle määratud rahatrahvi ära 2.06.2010. Isiku karistatus Karistusseadustiku § 295 lg 1 sätestatud kuriteo toimepanemise eest kustub vastavalt seadusele kolme aastaga arvates karistuse kandmisest. 3. Kuritegu pandi toime 2006.a. suvel. Vastavalt süüdistusaktile, ei tekitatud kuriteoga riigile varalist kahju. 4. Tarmo Sild ei lahkunud Eesti Advokatuurist kohtu otsuse alusel, nagu on ajakirjanduses ekslikult väidetud. Tarmo Sild lahkus Eesti Advokatuurist omal soovil 12.01.2010. Lahkumisavalduse põhjusena tõi Sild, et «Pärast kümmet aastat töötamist advokaadina olen keskendunud järjest enam äritegevusele minu osalusega ettevõtetes, millest mõned tegutsevad väljaspool Eestit.» 5. Arco Vara nõukogu kaalus juhatuse liikme valikul nii eeltoodud asjaolusid, kui ka seda, et esikohale tuleb seada AS Arco Vara ja tema aktsionäride huvid tänases olukorras, mida on 16.10.2012 börsiteates juba kommenteeritud. Richard Tomingas Nõukogu esimees Arco Vara AS Tel: +372 614 4630 [email protected] http://www.arcorealestate.com
Content of announcement in English
Title
17.10.2012: Further commentary on the stock exchange announcement made on 16 October 2012
Message
Regarding Arco Vara's new member of the management board In connection with the information published in the Estonian media regarding the criminal record of the new CEO of Arco Vara AS,Tarmo Sild, Arco Vara deems it necessary to specify the following facts: 1. Tarmo Sild has been punished for committing an offence set forth in section 295 (1) of the Estonian Penal Code, i.e. for arranging receipt of gratuities, with a pecuniary fine of 102,870 Estonian kroons (approx. EUR 6,575). The judgement entered into force on 26 May 2010. 2. Tarmo Sild paid the fine imposed on 2 June 2010. By law, the criminal record of a person having committed an offence set forth in section 295 (1) of the Penal Code is deleted when three years have passed since the time the punishment was served. 3. The offence was committed in summer 2006. Based on the statement of charges, the offence did not result in any material damage to the state. 4. Tarmo Sild did not leave the Estonian Bar Association based on the judgement of the court as has been mistakenly claimed by the media. Tarmo Sild left the Estonian Bar Association at his own request on 12 January 2010. Sild explained his leaving as follows: “After having worked for ten years as an attorney, my focus has increasingly shifted on the business of companies in which I have an interest, some of which operate outside Estonia.” 5. On selecting the new member of the management board, the supervisory board of Arco Vara considered both the above circumstances and the fact that in the current situation, which has already been described in the stock exchange announcement of 16 October 2012, the interests of Arco Vara AS and its shareholders have to come first. Richard Tomingas Chairman of the Supervisory Board Arco Vara AS Tel: +372 614 4630 [email protected] http://www.arcorealestate.com