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 corporate action

Unique data record identifier

7982

Submission date and time

04.05.2020 16:58:37

Content of announcement in Estonian

Title

Uus liige Arco Vara AS-i nõukogus – Rait Riim

Message

30.04.2020 toimunud  korralisel üldkoosolekul  määras üldkoosolek  ametisse uues
koosseisus  nõukogu. Võrreldes  varasemaga ei  ole Arco  Vara AS-i nõukogus enam
Rain  Lõhmus ning  uuteks nõukogu  liikmeteks on  Arco Vara AS-i endine juhatuse
liige Tarmo Sild ning samuti Rait Riim. Nõukogus jätkavad nõukogu liikmed Steven
Jaroslav Gorelik, Kert Keskpaik, Hillar-Peeter Luitsalu ja Allar Niinepuu.

Informatsioon Arco Vara AS-i nõukogus jätkavate liikmete ja samuti Tarmo Sild'i,
Arco  Vara  AS-i  senise  juhatuse  liikme,  kohta  on Arco Vara AS-i poolt juba
varasemalt  avaldatud  kooskõlas  Nasdaq  Tallinna  börsi reglemendi osas Nõuded
Emitentidele  punktis 3.2.2 sätestatud  nõuetega. Eelnimetatud  informatsioon on
kättesaadav ka Arco Vara AS-i kodulehel www.arcovara.com.

Uus nõukogu liige Rait Riim ei oma mistahes varasemat seost Arco Vara AS-iga.

Haridus:

2001-2005 Tallinna   Tehnikaülikool.   Ehitusteaduskond,  lõpetanud  diplomiõppe
rakendusgeodeesia erialal
2015-2018 Estonian  Business School. Ettevõtluse eriala magistrikraad (Master of
Business Administration (MBA)

Töökogemus:

2006-2010 1Partner Kinnisvara Tallinn OÜ - kinnisvara hindaja
2010-2016 Ektornet    Management    Estonia   OÜ   -   kinnisvarainvesteeringute
projektijuht
2016-2019 Kapitel  AS  (varasema  nimega  E.L.L.  Kinnisvara AS) - ärikinnisvara
arendusprojektide projektijuht
2019-? LHV Varahaldus AS - kinnisvarainvesteeringute juht

Rait  Riim on juhatuse liige ettevõtetes VH KV 001 OÜ (14803547), Silent Service
OÜ (11462028), ja Silent Way OÜ (12943020).

Rait Riim ei oma otse ega kaudselt Arco Vara AS-i aktsiaid.


Evelin Kanter
Peajurist
Arco Vara AS
+372 6144 630
[email protected]

Content of announcement in English

Title

New Member in Arco Vara AS’ Supervisory Board – Rait Riim

Message

The  annual general meeting of Arco Vara  AS took place on April 30, 2020, where
new  Supervisory Board  was appointed.  Rain Lõhmus  is no  longer member of the
Supervisory Board, Tarmo Sild, former Management Board member, and Rait Riim are
the  new members  of Arco  Vara AS'  Supervisory Board. Steven Jaroslav Gorelik,
Kert  Keskpaik, Hillar-Peeter  Luitsalu and  Allar Niinepuu  will remain  in the
Supervisory Board.

Information  about the members of the  Supervisory Board who continue as members
of  Arco Vara AS'  Supervisory Board and  Tarmo Sild, the  former member of Arco
Vara  AS'  Management  Board,  has  already  been  disclosed  by Arco Vara AS in
accordance  with  the  requirements  set  forth  in  clause  3.2.2 of  Rules and
Regulations  of Nasdaq Tallinn section  Requirements for Issuers. Aforementioned
information is available on Arco Vara AS' website www.arcovara.com.

The  new member of  the Supervisory Board  Rait Riim does  not have any previous
connections with Arco Vara AS.

Education:

2001-2005 Tallinn  University of  Technology. Faculty  of Engineering, graduated
from applied geodesy diploma studies
2015-2018 Estonian Business School. Master of Business Administration (MBA)

Work experience:

2006-2010 1Partner Kinnisvara Tallinn OÜ - real estate appraiser
2010-2016 Ektornet  Management  Estonia  OÜ  -  project  manager  of real estate
investments
2016-2019 Kapitel  AS (former  name E.L.L.  Kinnisvara AS)  - project manager of
commercial real estate developments
2019-? LHV Varahaldus AS - head of real estate investments

Rait  Riim is in the Management Board of VH KV 001 OÜ (14803547), Silent Service
OÜ (11462028) and Silent Way OÜ (12943020).

Rait Riim does not own directly or indirectly any shares of Arco Vara AS.


Evelin Kanter
CLO
Arco Vara AS
+372 614 4630
[email protected]