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The Supervisory Board of Arco Vara AS decided to grant procuration and to elect procurator current Head of Legal Department of Arco Vara AS Mr. Rainer Osanik. Supervisory Board considered being practical to grant procuration, as to avoid situation where no transactions can be made by the name of company since the only Member of the Board of Arco Vara AS Mr. Lembit Tampere is on the business trip, on a holiday or in other similar situations. Procuration entry in the Commercial Registry became valid on 23rd of April 2010.

Arco Vara is a leading real estate developer in the Baltic's, established in 1992. The operations involve real estate development, brokerage, valuation, construction and property maintenance arm. The company is located in 17 cities in Estonia, Latvia, Ukraine and Bulgaria and employs approx. 170 people. Arco Vara AS is listed on Tallinn Stock Exchange.

Lembit Tampere
Arco Vara AS
phone: +372 614 4630
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