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