CVC set the share price at R$7.70 within the scope of the restricted public offering for primary distribution. The operation moved R$ 402.806 million.
According to information in the minutes of the company’s board of directors, out of the total turnover, approximately R$ 42.3 million will be allocated to the capital stock and R$ 360.5 million to the capital reserve.
The Price per Share was fixed after the completion of the procedure for collecting investment intentions by the Offer coordinators with institutional investors.
The collegiate also approved the increase in the company’s capital stock, within the limit of its authorized capital, in the amount of R$ 42.3 million, which will increase from R$ 1.3 billion to R$ 1.4 billion, through the issuance of 52,312,500 new shares, which will be the object of the Offering, increasing the company’s capital from 224,934,809 shares to 277,247,309 shares.
CVC intends to use the R$ 402.806 million raised from the restricted stock offering to reinforce working capital to develop its growth strategy; and payment of part of the outstanding balance of debentures issued by the company.
In a statement sent to the Securities and Exchange Commission (CVM), the company emphasizes that the allocation of resources from the Restricted Offer will be influenced by the future conditions of the markets in which the Company operates, as well as by the investment opportunities identified, in addition to other factors that are not can be identified at this time.
Source: CNN Brasil
