This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.
20 March 2020
Arricano Real Estate plc
("Arricano" or the "Company")
Change in beneficial owner
Arricano was yesterday informed by Hillar Teder that he had transferred his 100% equity interest in Retail Real Estate OU ("RRE") to his son, Rauno Teder.
As a result, Rauno Teder, who is already interested in 15.92% of the issued voting rights of the Company (7.48% - directly and 8.34% through Deltamax Group OU), will acquire RRE's interest of 55.04% in the Company, so increasing his aggregate interest to 70.86% of the Company.
Rauno Teder and RRE have therefore entered into a relationship agreement with the Company and WH Ireland Limited, Arricano's nominated adviser, in the same terms as that announced with Hillar Teder on 10 July 2019.
For further information, please contact:
CEO: Tel: +380 44 594 9471
Arricano Real Estate plc
Ganna Chubotina
Financial PR: Tel: +44 (0)20 3151 7008
Novella Communications Limited
Tim Robertson/ Fergus Young
Nominated Adviser and Broker: Tel: +44 (0)20 7220 1666
WH Ireland Limited
Chris Fielding