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MarketScreener Homepage  >  Equities  >  Bolsa de valores de Sao Paulo  >  BRF S.A.    BRFS3   BRBRFSACNOR8

BRF S.A.

(BRFS3)
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End-of-day quote. End-of-day quote Bolsa de valores de Sao Paulo - 05/25
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BRF S A : Minutes of the Ordinary Meeting of the Board of Directors

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03/10/2020 | 04:55pm EDT

BRF S.A.

Publicly Held Company

CNPJ 01.838.723/0001-27

NIRE 42.300.034.240

CVM 1629-2

MINUTES OF THE EXTRAORDINARY MEETING OF THE BOARD OF DIRECTORS

HELD ON MARCH 02, 2020

  1. Date, Time and Place: Meeting held on March 02, 2020, at 10:00 a.m., in São Paulo City, São Paulo State, at BRF S.A.'s ("Company") office located at Avenida das Nações Unidas 8501, 1st floor, Pinheiros, Zip Code 05425-000.
  2. Summons and Presence: Summons duly held pursuant to Article 21 of the Company's
    Bylaws considering the presence of the totality of members of the Board of Directors: Mr. Pedro Pullen
    Parente ("Mr. Pedro Parente"), Mr. Augusto Marques da Cruz Filho ("Mr. Augusto Cruz"), Mr. Dan Ioschpe ("Mr. Dan Ioschpe"), Mrs. Flávia Buarque de Almeida ("Mrs. Flávia Almeida"), Mr. Walter Malieni Jr. ("Mr. Walter Malieni"), Mr. Francisco Petros Oliveira Lima Papathanasiadis ("Mr. Francisco Petros"), Mr. José Luiz Osório ("Mr. José Osório"), Mr. Luiz Fernando Furlan ("Mr. Luiz Furlan"), Mr. Roberto Antonio Mendes ("Mr. Roberto Mendes") and Mr. Roberto Rodrigues ("Mr. Roberto Rodrigues").
  3. Presiding Board: Chairman: Pedro Parente. Secretary: Carlos Eduardo de Castro Neves.
  4. Agenda: (i) Approval of the Financial Statements for 2019 Fiscal Year; (ii) Opinion of the Audit and Integrity Committee regarding the Financial Statements for 2019 Fiscal Year; (iii) Opinion of KPMG regarding the Financial Statements for 2019 Fiscal Year; and (iv) Opinion of the Fiscal Council regarding the Financial Statements for 2019 Fiscal Year.
  5. Resolutions: The members approved, by unanimous votes and with no restrictions, the drawing up of the present minutes in summary form. Once the agenda had been examined, the following matter was discussed and the following resolutions were taken:

5.1. Approval of the Financial Statements for 2019 Fiscal Year. According to article 23, (vi), of the Bylaws and to recommendation of the Audit and Integrity Committee ("CAI"), the members of the Board of Directors have favorably expressed themselves about the submission of the management accounts and Financial Statements of the Company for the fiscal year ended on December 31, 2019, accompanied by the Management Report, Explanatory Notes, Opinions of the Independent Auditors and of the Fiscal Council and the Opinion of CAI ("DFs"), to be put before the Company's Ordinary General Shareholders' Meeting.

Page 1 of 3

Minutes of the Ordinary Meeting of the Board of Directors of BRF S.A. held on March 02, 2020.

BRF S.A.

Publicly Held Company

CNPJ 01.838.723/0001-27

NIRE 42.300.034.240

CVM 1629-2

MINUTES OF THE EXTRAORDINARY MEETING OF THE BOARD OF DIRECTORS

HELD ON MARCH 02, 2020

  1. Opinion of the Audit and Integrity Committee regarding the Financial Statements for 2019 Fiscal Year. The CAI, according to articles 31-D, item VI and 31-E, both from ICVM 509/2011, and article 33, paragraph 5th, of the Company's Bylaws, has presented its annual report and, at the end of such presentation, its favorable opinion to the DFs.
  2. Opinion of KPMG regarding the Financial Statements for 2019 Fiscal Year. KPMG has presented its favorable opinion regarding the DFs, expressing, with no restrictions, that the DFs adequately present, in all relevant aspects, the equity and financial, individual and consolidated position of the Company on December 31, 2019, the individual and consolidated result of its operations and its respective individual and consolidated cash flows for the fiscal year ended 2019, according to the accounting practices adopted in Brazil and to the international financial reporting standards issued by the International Accounting Standards Board.
  3. Opinion of the Fiscal Council regarding the Financial Statements for 2019 Fiscal Year. The Fiscal Council has presented its favorable opinion regarding the DFs and the Management Report for the fiscal year ended 2019. The President of the Fiscal Council has also presented the prevision for performance of the deferred income tax for 2019 and the favorable recommendation of the Fiscal Council, after analysis of the feasibility study for future recovery of income tax based on the past fiscal years, which was approved, by unanimous votes, by the present members of the Board of Directors.
  1. Documents Filed at the Company: The documents related to the agenda that supported the resolutions taken by the members of the Board of Directors or information presented during the meeting were filed at the Company's head office.
  2. Closure: There being no other matters to be discussed, the Chairman declared the meeting closed, during which time the present minutes were drawn up in summary form by electronic processing and, having been read and found correct by all those present, were signed.

Page 2 of 3

Minutes of the Ordinary Meeting of the Board of Directors of BRF S.A. held on March 02, 2020.

BRF S.A.

Publicly Held Company

CNPJ 01.838.723/0001-27

NIRE 42.300.034.240

CVM 1629-2

MINUTES OF THE EXTRAORDINARY MEETING OF THE BOARD OF DIRECTORS

HELD ON MARCH 02, 2020

I certify that the above text is a faithful copy of the minutes which are filed in Book No. 7, pages 63

to 65, of the Minutes of the Ordinary and Extraordinary Meetings of the Company´s Board of

Directors.

São Paulo, March 02, 2020.

Carlos Eduardo de Castro Neves

Secretary

Page 3 of 3

Minutes of the Ordinary Meeting of the Board of Directors of BRF S.A. held on March 02, 2020.

Disclaimer

BRF SA published this content on 10 March 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 10 March 2020 21:54:03 UTC

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Financials (BRL)
Sales 2020 37 926 M
EBIT 2020 2 372 M
Net income 2020 946 M
Debt 2020 15 058 M
Yield 2020 0,00%
P/E ratio 2020 69,0x
P/E ratio 2021 12,5x
EV / Sales2020 0,86x
EV / Sales2021 0,78x
Capitalization 17 656 M
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Technical analysis trends BRF S.A.
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Mean consensus OUTPERFORM
Number of Analysts 13
Average target price 30,62 BRL
Last Close Price 21,75 BRL
Spread / Highest target 116%
Spread / Average Target 40,8%
Spread / Lowest Target -12,6%
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Lorival Nogueira Luz Global Chief Executive & Operating Officer
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Carlos Alberto Bezerra de Moura Chief Financial Officer
Luiz Fernando Furlán Independent Director
Walter Malieni Non-Independent Director
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