Arco Vara AS Announces Dividend, Payable on March 15, 2023
March 02, 2023 at 02:53 am EST
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Arco Vara AS informs that the list of shareholders who are entitled to dividends shall be fixed on 8th of March 2023, as at the end of the working day of Nasdaq CSD Estonian Settlement System, and therefore the dividend payment ex-date is on 7th of March 2023. From that date the new owner of the shares is not entitled to dividends for the year 2021 paid out on the 15th of March 2023. Arco Vara AS will pay dividends to the shareholders in the net amount of 1 euro cent per share on 15th March 2023.
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.