OREANDA-NEWS. Arco Vara AS (trading code ARC1T, ISIN code EE3100034653) will close the list of shareholders on August 7, 2014 at 23.59 to determine the subscription rights for new shares. Proceeding from the above, the shares of Arco Vara AS are traded cum-rights for the last day today, on August 4, 2014. The shares will trade ex-rights tomorrow, on August 5, 2014.

The subscription period of the shares will start on August 8, 2014 at 09.00 (EET) and end on August 29, 2014 at 17.00 (EET). Existing shareholders will have the pre-emptive right to subscribe the issued shares. In case the amount of shares owned by a shareholder does not give the right to subscribe for a whole number of shares the amount of shares will be rounded down.

Arco Vara AS share capital will be increased by 2,450,000 EUR, by issuing 3,500,000 new shares with the nominal value of 0.70 EUR at the subscription price of 1 EUR, therefore the premium will be 0.30 EUR per share. The increased share capital of the company will be 5,769,194.90 EUR.