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Arricano Real Estate plc
Company Name:Arricano Real Estate plc Minimum fundraise:£0.00* High Share Price Bid:£0.00
Business Sector:Real estate Total Funds Bid to Date:- Low Share Price Bid:£0.00
Auction period:19 Mar 2024 - N/A Indicative Share Price:0.00 Average Share Price Bid:£0.00**
*The company will accept oversubscription.
**In the event of significant oversubscription, shares will be allocated to bids at the average price and above.

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+44 (0) 207 248 2788


Arricano Real Estate plc

Arricano Real Estate plc has now withdrawn from trading on the Asset Match platform.

In the final auction which closed on 19th March 2024, no shares traded. 

Please direct any queries to or Tel. 020 7248 2788

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Company info

Arricano Real Estate plc is one of the leading real estate developers of shopping centres in Ukraine with European investments. It has been listed on AIM of the London Stock Exchange since 2013 under ticker: ARO (cancellation effective 17 January 2023). Today Arricano Group owns and operates completed shopping centres and 49,9 per cent shareholding in Sky Mall and land for further three sites currently under development.

Auction Details

Arricano Real Estate plc was admitted to trading on Asset Match on 17 January 2023 at a price of 21 pence per share ($0.25* being the last traded price on AIM).

Auctions are held quarterly and close at 4pm on the third Tuesday of the month (unless stated otherwise).

The tick size for this company is 0.5 pence per share.

Participants can send orders via their existing broker or directly to shareDeal active. Further details can be found by clicking on the "Auction instructions" section below.

*Currency exchange using Google 16/01/2023

Auction instructions

To buy and sell shares in this company via Asset Match Private Market, you will need to use a stockbroker.

           -  shareDeal active

If you are a UK resident, our main broker and settlement agent for all CREST eligible companies on the AM Private Market is shareDeal active.

shareDeal active provide a competitively priced service for both certified and non-certified transactions. You can open an account online or by post using the form provided.

Alternatively, if you already have an account with shareDeal active and wish to place an order please contact the Dealing desk directly on 01892 510515 or deal online.

To sell a share certificate, the easiest way to trade is to set up a shareDeal active account online and once open post your share certificate with a completed CREST transfer form. Alternatively, you can open an account by post using the Asset Match Certificated Sale Pack which includes everything you will need.

It generally takes 5-7 days for your account to be open and shares available for trading.

           -  Already have a stockbroker

Over 60 UK brokers regularly trade and are set up to deal on our platform. These brokers can submit your instructions to shareDeal active on your behalf*.

Please note that not all brokers are able to deal in unquoted shares so contact us to confirm whether your broker is able to trade.

           -  Overseas

If you are based overseas and are interested in participating then please contact us directly by emailing or by calling 020 7248 2788.

​​When buying and selling shares, please note that the Asset Match levy of 3% applies, with a minimum charge of £20 per trade (*additional fees may apply).

For more information on how the auction works then please click here.


Key People


Anna Chubotina CEO

On December 12, at the meeting of the Board of Directors of Arricano Real Estate plc, Anna Chubotina was appointed to the role of CEO on an ongoing basis. Before Anna assumed the office of Arricano Director of Retail Leasing Department from March 2016. Management of Leasing Department, development and implementation of plan package for optimization of business processes of retail space lease with a view to increase the company’s profitability, creation and implementation of shopping malls’ development strategies, efficient work with the existing tenants and involvement of new ones are key areas of Anna’s work. Anna came to Arricano from JLL Ukraine where she held the office of Retail Space Department Head. She has been working for over 17 years in the field of commercial real estate 9 of which were at JLL Ukraine. Anna’s professional portfolio includes working with such large players of retail property market as SvitLand Ukraine, King Cross & Komfort Invest, Arricano Real Estate, DCH Real Estate, Kray Property and such projects as Décor Service national furniture and décor network, Sky Mall shopping mall (Kyiv), Prospekt shopping mall (Kyiv), MFC Silver Breeze (Kyiv), Magellan shopping mall, (Kharkiv), Victoria Gardens shopping mall (Lviv) and others. Anna graduated from Romano-Germanic Philology and Foreign Literature faculty of M. P. Dragomanov National Pedagogical University. Then she obtained degrees in Economics and Marketing at Kyiv National University of Trade and Economics.

Lauri Reinberg Finance Director

Lauri Reinberg has more than 20 years of experience in financial management and planning on Eastern European real estate markets. Lauri joined the Arricano team in October 2017 as the Head of Financial Control. Prior to his role at Arricano, Lauri served as CFO of Pocopay, a large digital banking company based in Estonia. Over 14 he had been holding numerous senior finance roles at the Financial Department of Swedbank, including the CFO of Financial Restructuring and Recovery and the CFO of Swedbank’s Eastern European operations. Between 2007 and 2009, Lauri served as the CFO of Retail Real Estate S.A. in Ukraine (formerly named Expert Capital S.A.). Lauri received his Master of Science degree in Business Administration from Estonian Business School in 2002 and Bachelor of Science degree from University of Tartu in 1995. As CFO, Lauri Reinberg will oversee Arricano’s finance, accounting, financial planning & analysis, tax and treasury areas of the business.

Michalis Michael Non-Executive Director

Michalis Michael has a long professional career in business and audit services, both as a sole practitioner and as a Partner at KPMG Cyprus until his retirement last year. Michalis also has considerable experience in the Ukrainian market having been Chairman of the Cyprus-Ukraine Business Association from 2012, again until last year. Michalis formerly served as a Member of the Board of Directors of the Cyprus Broadcasting Corporation, Chairman of the Board of Directors of the Cyprus Organisation of Land Development and the Cyprus Investment Promotion Agency, a Member of the Committee for the Supervision and Development of Cooperative Societies and a Member of the Board of Directors of The Cyprus University of Technology (2014-2016). Michalis is a Chartered Certified Accountant, a Fellow member of the UK Association of Chartered Certified Accountants (FCCA) and Member of the Institute of Certified Public Accountants of Cyprus, of which he also served as a Member of the Board of Directors.

Georgios Komodromos Independent Non-Executive Director

George Komodromos is a Senior Lawyer/Associate and the Head of the Financial Regulation Department at the law firm of NICOS CHR. ANASTASIADES & PARTNERS LLC, based in Limassol, Cyprus. George has over 12 years of legal experience, dealing with and advising mostly high net-worth individuals in the commercial sector. George practices several areas of law which mainly include commercial and corporate law, banking law, legal compliance, construction and property law. During his legal career, George has dealt with and been involved in numerous important projects which include inter alia joint ventures of significant value, takeovers of private equity and investment companies and the business development of financial institutions in several jurisdictions including the jurisdiction of the Republic of Cyprus. George Komodromos graduated and obtained his Bachelor of Laws (LL.B) from the National and Kapodistrian University of Athens (Greece) and thereafter obtained a Master of Laws (LL.M) with a specialisation in Commercial Law, from the University of Bristol (United Kingdom). He is currently a member of the Cyprus Bar Association.