ARRICANO REAL ESTATE PLC (FRA:CY010294) Arricano Real Estate Plc: New Relationship Agreement

Directive transparence : information réglementée

10/07/2019 08:00

Arricano Real Estate Plc (ARO)
Arricano Real Estate Plc: New Relationship Agreement

10-Jul-2019 / 07:00 GMT/BST
Dissemination of a Regulatory Announcement that contains inside information according to REGULATION (EU) No 596/2014 (MAR), transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.

10 July 2018

Arricano Real Estate plc

("Arricano" or the "Company")

New relationship agreement

Further to its announcement on 30 November 2018, Arricano yesterday entered into a new relationship agreement with its principal shareholder, Retail Real Estate OU ("RRE"). RRE, which owns 55.04% of the issued voting rights of the Company, is wholly owned by Hillar Teder. 

Under the new relationship agreement with Mr Teder, RRE and WH Ireland Limited, Arricano's nominated adviser, (the "Agreement"), Mr Teder and RRE are now entitled to utilise the voting rights attaching to their 56,835,940 ordinary shares of the Company. However, they have agreed, inter alia, to procure that Arricano is capable at all times of carrying on business independently of Mr Teder and RRE and that any agreements between the Arricano Group and Mr Teder or RRE will be subject to the approval of directors of the Company independent of Mr Teder and RRE.

For further information, please contact:


  CEO:                                              Tel: +380 44 569 6708

   Arricano Real Estate plc

   Mykhailo Merkulov


 Financial PR:                                      Tel: +44 (0)20 3151 7008

  Novella Communications Limited

  Tim Robertson


 Nominated Adviser and Broker:                     Tel: +44 (0)20 7220 1666

  WH Ireland Limited

  Chris Fielding  

ISIN: CY0102941610
Category Code: MSCM
LEI Code: 213800F8AMPULEKXFX22
OAM Categories: 3.1. Additional regulated information required to be disclosed under the laws of a Member State
Sequence No.: 12870
EQS News ID: 838831

End of Announcement EQS News Service


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