Arco Vara AS Proposes Dividend for the Year Ended on 31 December 2022, Payable on 15 June 2023, 15 September 2023, 15 December 2023, 15 March 2024, Respectively
April 24, 2023 at 11:42 am IST
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Arco Vara AS proposed to allocate the net profit for the year ended on 31 December 2022 in the amount of EUR 695,000 to retained earnings;
to pay dividends to the shareholders EUR 0.06 per share. The dividend will be paid out in 4 instalments as follows: EUR 0.02 per share will be paid to the shareholders on 15 June 2023 by transfer to the shareholder's bank account. The list of shareholders entitled to respective dividends (record date) shall be fixed on 8 June 2023. EUR 0.01 per share will be paid to the shareholders on 15 September 2023 by transfer to the shareholder's bank account. The respective dividend record date is on 8 September 2023. EUR 0.02 per share will be paid to the shareholders on 15 December 2023 by transfer to the shareholder's bank account. The respective dividend record date is on 8 December 2023. EUR 0.01 per share will be paid to the shareholders on 15 March 2024 by transfer to the shareholder's bank account. The respective dividend record date is on 8 March 2024.
Arco Vara AS is an Estonia-based company active within the property industry. The Company focuses on the building construction, civil engineering, special engineering and real estate services. Its business consists of three segments: Development segment, which is engaged in the development of residential and commercial environments, as well as long-term investment in real estate; Service segment, which is involved in the real estate brokerage, valuation and management, and short-term investment in real estate, and Construction segment, which provides general and sub-contracting in the field of general construction, civil and environmental engineering, and construction supervision services. Arco Vara AS has numerous subsidiaries, including Arco Lozen EOOD, Acro Invest EOOD, and Acro Real Estate SIA. The Company operates in Estonia, Latvia and Bulgaria.
Arco Vara AS Proposes Dividend for the Year Ended on 31 December 2022, Payable on 15 June 2023, 15 September 2023, 15 December 2023, 15 March 2024, Respectively