The M. Dias Branco’s shares guarantee to their holders the following rights:
- The right to vote on the Company’s General Meetings
- The compulsory minimum dividend right, in each fiscal year, not less than 25.0% of net profit of that year, adjusted pursuant to article 202 of Law 6,404, of December 15, 1976 and later changes (“Lei das Sociedades por Ações”);
- In case of directly or indirectly control sale of the Company, even by successive operations, it must be contracted under suspensive or resolutive condition that the acquirer will realize a tender offer to the other shareholders regarding the conditions and terms of the current legislation and New Market (“Novo Mercado”) rules, ensuring equal treatment among the Selling Controlling Shareholder and the others shareholders;
- In case of M. Dias Branco deregistering as a publicly-held company or delisting from the New Market (“Novo Mercado”) of BM&FBOVESPA, the right to sell its shares on tender offer launched by the Selling Controlling Shareholder or by M. Dias Branco, for at least the economic value calculated by an appraisal report made by an specialized and independent firm (that has no connection with the Company, its management, controlling shareholders and that is not under its decision power). The firm must have proven experience and will be chosen during the Shareholders Meeting from a list of three firms presented by the M. Dias Branco’s Board of Directors;
- All the other rights assured to the shares, pursuant to BM&FBOVESPA New Market Regulation (“Regulamento do Novo Mercado da BM&FBOVESPA”), M. Dias Branco Bylaws and the Corporate Law (“Lei das Sociedades por Ações”).
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