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
TIDM: ARO
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
(END) Dow Jones Newswires
July 10, 2019 02:01 ET (06:01 GMT)
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