News

NOTICE TO THE SHAREHOLDERS

REVERSE SHARE SPLIT
Credits Resulting from the Auction of Fractions of Shares

Brasil Brokers Participações S.A. ("Company" or "Brasil Brokers"), a publicly-held company with common shares traded on B3’s Novo Mercado under the code BBRK3, in continuity to the Material Fact released on July 16, 2018 and the Notices to Shareholders released on August 16, 2018 and September 17, 2018, hereby provides the following information related to the reverse share split of the Company’s common shares as approved by shareholders at the Extraordinary General Meeting held on August 16, 2018.

As disclosed, the period for holders of common shares to adjust their positions, as a result of the reverse split, ended on September 17, 2018 and the Company‘s shares began trading in multiples as of September 18, 2018.

The auction of the fractions of shares resulting from the reverse share split ("Fractions") was held on November 27, 2018, and the credits from the sale of the Fractions will be paid proportionally, net of brokerage fees, to the holders of Fractions on December 12, 2018.

With the conclusion of the auction for the Fractions, one hundred and seventy-five (175) common shares issued by the Company were sold. This total amount was comprised of a set of fractions of shares resulting from the reverse share split in the proportion of 10:1 and such fractions were settled through an auction process held at B3. Net proceeds from the sale of said shares totaled R$5.43037037037 per share.

The payment of the Fractions to shareholders will be made as follows:

(I) Shareholders will have their credits available in accordance with the banking account details provided to Itaú Unibanco S.A., on the date that the distribution of this right begins;

(II) For shareholders whose records do not contain their CPF/CNPJ numbers, or do not contain their banking details ("Banco/Agência/Conta Corrente"), the dividends will only be credited on the 3rd business day after the date in which they provide updated personal information for the electronic records of Itaú Unibanco, which can be done at any Itaú Unibanco branch or by mail to: Gerência de Escrituração - Unidade de Processamento Operações Escrituração, Rua Ururai, 111, Prédio B, Térreo, Tatuapé, CEP 03084-010, São Paulo/SP; and

(III) Shareholders who have shares under fiduciary custody will receive their credits according to the procedure adopted by the Stock Exchange.

Rio de Janeiro, December 06, 2018.

Click here for the Notice.

IR Contact:
Phone: +55 (21) 3433-3043
ri@brbrokers.com.br