Tallinn, Estonia, 2014-11-10 16:10 CET (GLOBE NEWSWIRE) --
Nasdaq Tallinn decided on November 10, 2014 to remove observation status for Arco Vara (ARC1T, ISIN code: EE3100034653) immediately.
Observation status was applied due to revaluation of Arco Vara group's assets and liabilities that decreased group's net assets by 19.67 million euros which might have referred to company's complicated financial position. Therefore the Stock Exchange considered it necessary to draw investors' attention to this matter.
After additional share issue, exit from certain projects and overall restructuring of the group and its balance sheet the Stock Exhange considers the evaluation of company's financial position and figures to be more clear for making an investment decision.
Reasons due to which the observation status was applied ceased to exist.
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