Arco Vara
National Court dissatisfied appeal of Arco Investeeringute AS
Arco Vara / 18.09.2009 Dissemination of a Adhoc News, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- National Court of Estonia dissatisfied Arco Investeeringute AS (100 % subsidiary of Arco Vara AS) appeal against Tallinn District Court ruling from 22nd of June 2009. With prior mentioned district court ruling came into force, wherewith clause 2.2 from Harju Country Court ruling from 12th of March 2009, whereby AS Ühendatud Kapital pecuniary means in all banks of Estonia were sized, was annulled. Rest of the Harju Country Court ruling was not amended and prohibition of any shares and stocks of AS Ühendatud Kapital subsidiary Companies as well judicial mortgage on registered immovable property shall remain. Arco Vara is a leading real estate developer in the Baltic's, established in 1992. The operations involve real estate development, brokerage, valuation, construction and property maintenance arm. The company is located in 17 cities in Estonia, Latvia, Ukraine and Bulgaria and employs ca 250 people. Arco Vara AS is listed on Tallinn Stock Exchange. Lembit Tampere CEO Arco Vara AS phone: +372 614 4630 info@arcovara.ee http://www.arcorealestate.com/ News Source: NASDAQ OMX 18.09.2009 Financial News transmitted by DGAP --------------------------------------------------------------------------- Language: English Company: Arco Vara Estonia Phone: Fax: E-mail: Internet: ISIN: EE3100034653 WKN: End of News DGAP News-Service ---------------------------------------------------------------------------
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