EZTEC - Investor Relations Mobile

Material Fact - Bonus Shares


MATERIAL FACT

EZ TEC EMPREENDIMENTOS E PARTICIPAÇÕES S.A. ("Company"), in attendance to article 157, §4th, of Law n° 6,404, of December 15th, 1976, and in accordance to Instruction n° 358 from the Securities Exchange Commission (CVM), of January 3rd, 2002, informs its shareholders and the market at large that the Extraordinary Shareholders’ Meeting, taken place at the present that, has approved the increase in the Share Capital in R$ 553,542,430.90 (five hundred and fifty-three million, five hundred and forty-two thousand, four hundred and thirty reais and ninety cents), such that the Company’s Share Capital alters from R$ 1,356,704,477.27 (one billion, three hundred and fifty-six million, seven hundred and four thousand, four hundred and seventy-seven reais and twenty-seven cents) to R$ 1,910,246,908.17 (one billion, nine hundred and ten million, two hundred and forty-six thousand, nine hundred and eight reais and seventeen cents), upon a capitalization of part of the Company’s Earnings Reserves at the amount previously disclosed, with the emission of 34,998,217 (thirty four million, nine hundred and ninety-eight thousand, two hundred and seventeen) new ordinary, book-entry and with no par-value bonus shares to its shareholders, in the ratio of 21.2108114007 new shares for every 100 (one hundred) existing shares, in accordance with article 169, of Law n° 6,404/76, as detailed below:

a) Reference date: the shareholders entitled to the new shares are those that hold Company shares by April 26th, 2019 at market closure;

b) Negotiation: current existing shares will continue to be traded with bonus rights until April 26th, 2019; from April 29th and onwards, shares will be traded ex-bonus rights;

c) Rights of bonus shares: new shares will have the same characteristics and rights as those from currently existing shares, and will be entitled to full dividends that may be distributed from April 29th, 2019 and onwards, and new shares will be included in shareholders’ position in May 3rd, 2019;

d) Share fractions: bonus shares will be given always in whole numbers; for shareholders who wish to transfer the resulting share fractions generated by the bonus, the established period is between May 3rd, 2019 and June 2nd, 2019, in accordance with §3rd article 169 of Law no 6,404/76; by the end of this period, the remaining fraction positions will be separated, grouped into whole numbers and sold in B3 S.A. - Bolsa, Brasil, Balcão (Stock, Commodities and Future Exchange), and the sale proceeds will be made available to the shareholders who originally held such fractions, in a later date to be informed in the future; and

e) Cost of Bonus Shares: the cost attributed to the bonus shares is of R$ 15,82 (fifteen reais and eighty-two cents) per share, por the purposes of §1st article 58 of Normative Instruction no 1585/15.

Complementary information and documents are available to shareholders in the Company’s headquarters, in the Company’s website (http://www.eztec.com.br/ri), as well as in the websites from B3 S.A. - Bolsa, Brasil, Balcão (www.b3.com.br) and from the Securities and Exchange Commission (www.cvm.gov.br).

São Paulo, April 26th, 2019.

For further information and to access the full document, click here.

For further information contact:
EZTEC S.A. - Investor Relations
Phone: +55 (11) 5056-8313
E-mail: ri@eztec.com.br
www.eztec.com.br/ir

About EZTEC:

With 40 years of operations, EZTEC is one of the most profitable publicly-traded companies in Brazil‘s real estate development and building industry. Based on its fully integrated business model, EZTEC has already launched 135 projects, totaling more than 3.6 million square meters of built area and area under construction, and 27.982 units. EZTEC S.A. is listed on the Novo Mercado special corporate governance segment of the São Paulo Stock Exchange (BM&FBOVESPA) under the ticker EZTC3.

"This release contains forward-looking statements relating to the prospects of the business, estimates for operating and financial results, and those related to growth prospects of EZTEC. These are merely projections and, as such, are based exclusively on the expectations of the Company’s management concerning the future of the business and its continued access to capital to fund its business plan. Such forward-looking statements depend, substantially, on changes in market conditions, government regulations, competitive pressures, the performance of the Brazilian economy and the industry, among other factors and risks disclosed in the Company’s filed disclosure documents and are, therefore, subject to change without prior notice".


Contact IR

Telephone: +55 11 5056 8313
E-mail: ri@eztec.com.br