Kroton Educacional : Notice to the Market - Declaration of Disposal of Material Shareholding - Art.12, §4, of CVM Instruction 35802
August 15, 2018 at 06:01 pm EDT
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Belo Horizonte, August 15, 2018, Kroton Educacional S.A. (B3: KROT3; OTCQX: KROTY) - "Kroton" or the "Company" pursuant to Article 12 of CVM Instruction 358 of January 3, 2002, as emended, announces to its shareholders, investors and the general market that the Company received from Coronation Fund Managers Ltd. ("Coronation"), the communication in the appendix, informing that Coronation now holds 82,128,101 ordinary shares issued by the Company, corresponding to 4.99% of its total capital.
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Kroton Educacional SA published this content on 15 August 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 15 August 2018 22:00:04 UTC
Cogna Educacao SA, formerly Kroton Educacional SA, is a Brazil-based company active in the private education sector. The Company focuses on developing primary and secondary schools, post-secondary and undergraduate programs, as well as vocational courses. The Company's activities are divided into three business segments: In-class higher education, which offers port-secondary programs on campus; Distance learning higher education (EAD), which provides port-secondary programs via online platform, and Basic education, which includes own and managed primary schools, collection and development of teaching materials, school management advisory, as well as educational support tools, among others. The Company operates a number of brand names, such as Anhanguera, Fama, Pitagoras, Unic, Unime and Unopar. In addition, it is involved in the wholesale, retail, distribution, import and export of textbooks, course books, magazines and other publications related to education.