Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Bolsa de valores de Sao Paulo  >  Kroton Educacional    KROT3   BRKROTACNOR9

KROTON EDUCACIONAL

(KROT3)
  Report  
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsOfficial PublicationsSector newsAnalyst Recommendations

Kroton Educacional : Material Fact – Report of SOMOS' Board of Directors relating to Tender Offer

share with twitter share with LinkedIn share with facebook
share via e-mail
0
04/18/2019 | 05:58pm EDT

SOMOS EDUCAÇÃO S.A.

SABER SERVIÇOS EDUCACIONAIS S.A.

CNPJ/MF 02.541.982/0001-54

CNPJ/MF 03.818.379/0001-30

Company Registry (NIRE) 35.300.175.832

Company Registry (NIRE) 31.300.121.445

Publicly Held Corporation

Publicly Held Corporation

MATERIAL FACT

SOMOS EDUCAÇÃO S.A. (B3: SEDU3) ("Somos") and SABER SERVIÇOS EDUCACIONAIS S.A. ("Saber"), in accordance with the Brazilian Securities and Exchange Commission ("CVM") Rule No. 358, dated as of January 3rd, 2002, and following the material facts of October 11th, 2018, November 8th and November 21th, 2018, December 28th, 2018, February 22nd, 2019 and March 14th and 25th, 2019, in the context of the public tender offer for the acquisition of up to the total amount of common shares issued by Somos, as a result of the conclusion of the acquisition of control, combined with its request of cancellation of the registration of Somos as a publicly-heldcompany and its consequent exit from the special segment of the Novo Mercado of B3 S.A. - Brasil, Bolsa, Balcão ("Public Tender Offer" and "B3", respectively), inform their shareholders, investors and the market that, at the meeting held on this date, Somos' board of directors has issued a favorable report on the acceptance of the Public Tender Offer by its minority shareholders, in the terms of the report approved and included in the annex to the minutes of the meeting.

In addition, the Company states that as long as there are funds deposited in the escrow account, the Company will seek to keep the shareholders informed about any deductions on the balance of the escrow account, so that they may keep track of it regardless of the deadlines of assessment contractually established.

Additionally, in the referred meeting, the Board of Directors of Somos has also approved the appointment of Mr. Júlio Fernando Cabizuca as a member of the Board of Directors of Somos, pursuant to article 15, paragraph 5, of Somos' bylaws, as well as to article 150 of the Brazilian Corporate Law. The ratification of the appointment of such new member to the Board of Directors, will then be subject of deliberation at the first general shareholders' meeting following the ordinary general shareholders meeting that will be held on April 29, 2019. Such appointment is due to the vacancy caused by the resignation to the same position of Mr. Wolfgang Stephan Schwerdtle.

The minute of the Board of Directors' meeting, which contains the full version of the opinion mentioned above, is available in the IPE System of CVM and B3 and in Somos' website (http://ri.somoseducacao.com.br/).

This material fact is exclusively for information purposes and does not constitute an offer for the acquisition of securities.

São Paulo, April 18, 2019

Carlos Alberto Bolina Lazar

Investor Relations Officer

Somos Educação S.A. and Saber Serviços Educacionais S.A.

1

SP - 25042983v1

Disclaimer

Kroton Educacional SA published this content on 18 April 2019 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 18 April 2019 21:57:02 UTC

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on KROTON EDUCACIONAL
08/21KROTON EDUCACIONAL : Ex-dividend day for interim dividend
FA
08/16KROTON EDUCACIONAL : Notice to the Market - Declaration of Alienation of Materia..
PU
08/14KROTON EDUCACIONAL : 2Q19 Earnings Release Presentation
PU
08/14KROTON EDUCACIONAL : Bdm 08.14.2019
PU
08/14KROTON EDUCACIONAL : Earnings Release 2Q19
PU
08/14KROTON EDUCACIONAL : Notice to Shareholders - Dividend Payment 2Q19
PU
08/13KROTON EDUCACIONAL : ESM Minutes 08.13.19*
PU
05/22KROTON EDUCACIONAL : Ex-dividend day for interim dividend
FA
05/10KROTON EDUCACIONAL SA : quaterly earnings release
05/03KROTON EDUCACIONAL : Company Bylaws*
PU
More news
Financials (BRL)
Sales 2019 7 376 M
EBIT 2019 1 994 M
Net income 2019 1 178 M
Debt 2019 8 839 M
Yield 2019 2,78%
P/E ratio 2019 14,2x
P/E ratio 2020 12,7x
EV / Sales2019 3,47x
EV / Sales2020 3,16x
Capitalization 16 777 M
Chart KROTON EDUCACIONAL
Duration : Period :
Kroton Educacional Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends KROTON EDUCACIONAL
Short TermMid-TermLong Term
TrendsBearishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 15
Average target price 12,98  BRL
Last Close Price 10,27  BRL
Spread / Highest target 55,8%
Spread / Average Target 26,4%
Spread / Lowest Target 5,16%
EPS Revisions
Managers
NameTitle
Rodrigo Calvo Galindo Chief Executive Officer
Evando José Neiva Chairman
Jamil Saud Marques Chief Financial Officer
Carlos Henrique Safini dos Reis Chief Technology & Digital Transformation Officer
Luís Otávio Saliba Furtado Chief Technology & Digital Transformation Officer
Sector and Competitors
1st jan.Capitalization (M$)
KROTON EDUCACIONAL20.18%4 110
TAL EDUCATION GROUP (ADR)27.25%20 090
GRAND CANYON EDUCATION INC30.80%6 021
LAUREATE EDUCATION INC15.09%3 941
STRATEGIC EDUCATION INC55.24%3 596
CHINA EDUCATION GROUP HOLDINGS LTD--.--%2 849