This website uses cookies. By continuing to use the website, you agree to the use of cookies.

Privacy policy

Creating homes in a
smart way

...directly tapping the market’s pulse


The Annual General Meeting of Shareholders of Arco Vara AS was held on May 13, 2009 at Reval Hotel Olümpia, Liivalaia St 33 in Tallinn.

The Annual General Meeting of Shareholders of Arco Vara AS started at 9.05 a.m. and ended at 9.45 a.m. and it was competent to pass decisions regarding the items on the agenda. The agenda of the Annual General Meeting of Shareholders of Arco Vara AS was published in the newspaper Postimees on April 21, 2010 in the information system of the Tallinn Stock Exchange and on the website of Arco Vara AS http://www.arcorealestate.com/.

The following decisions were passed at the Annual General Meeting of Shareholders of Arco Vara AS:

1. To approve the year 2009 Annual Report of Arco Vara AS;

2. To cover the loss as of December 31, 2009 in the amount of EUR 20 733 705 (EEK 324 412 000) from the future profits.

3. To appoint 1 auditor for one year (until the next Annual General Meeting of Shareholders) and to appoint KPMG Baltics AS as auditor, to appoint Eero Kaup as auditor in charge and to pay to the auditor the fee for the auditing of 2010 financial results according to the agreement to be signed between Arco Vara AS and KPMG Baltics AS.

The Annual General Meeting of Shareholders of Arco Vara AS was held according to law and Statute of Arco Vara AS.

1 EUR=15.6466 EEK

Arco Vara AS