ARC: Extension of the term of office of the manager of Arco Vara
With reference to the end of the first term of office Tarmo Sild has informed the company about his intention to use the right given to him with the first stock option program to subscribe for 390,000 shares for 0.7 EUR per share during year 2016. As a result of using the option the share capital of Arco Vara would increase by 273,000 EUR and the total amount of shares would increase to 6,507,012 shares.
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