Decisions of the Annual General Meeting of shareholders of Arco Vara AS

Core Points - The annual general meeting of shareholders of Arco Vara AS took place on 5 June 2025, where several key decisions were made regarding the company's financials and governance [1] - The company reported a net loss of EUR 624 thousand for the financial year ended 31 December 2024, and a dividend of EUR 0.02 per share was approved to be paid on 12 November 2025 [1] - The Supervisory Board members' terms were extended for five years, and the remuneration for the Chairman and regular members was set [1] - The share capital of Arco Vara AS will be increased by issuing 6,980,000 new ordinary shares at an issue price of EUR 2.5 per share, with specific allocations to certain investors [1] - The existing shareholders will not have pre-emptive rights for the newly issued shares, and the new shares will be eligible for dividends starting from the end of the subscription period [1] Financial Decisions - The annual report for 2024 was approved, and the net loss of EUR 624 thousand will be covered from retained earnings [1] - A dividend of EUR 0.02 per share will be distributed to shareholders, with the record date set for 5 November 2025 [1][3] - The new share capital will amount to EUR 12,157,856.90 following the issuance of new shares [1] Governance Changes - The principles of remuneration for the Management Board were approved, with the Chairman's remuneration set at EUR 5,000 net per month and regular members at up to EUR 500 per meeting [1] - The mandates of the Supervisory Board members were confirmed and extended [1] Share Issuance Details - The company will issue 6,980,000 new ordinary shares with a nominal value of EUR 0.7 per share, and the issue price will include a share premium [1] - Specific allocations for new shares were made to Alarmo Kapital OÜ, Luther Factory OÜ, and Luther Factory Holding OÜ, with total monetary contributions outlined [1] - The subscription period for the new shares is set for fourteen days from the resolution adoption, with the possibility of extension or cancellation of un-subscribed shares [1][2]