B3 S A Brasil Bolsa Balcão : Material Fact - Judicial Agreement and end of referred dispu...
August 31, 2020 at 07:39 am EDT
Share
B3 S.A. - Brasil, Bolsa, Balcão
Brazilian Federal Taxpayer (CNPJ) No 09.346.601/0001-25
Corporate Registry (NIRE) 35.300.351.452
MATERIAL FACT
B3 S.A - Brasil, Bolsa, Balcão ("B3" or "Company"), hereby informs that, we filed today, a judicial agreement ("Agreement") signed with the Bankruptcy Estate of Spread Commodities Mercantil e Corretora de Mercadorias Ltda. ("Bankruptcy Estate") in order to settle lawsuit nº 0172946-23.2010.8.26.0100, in the 3rd Bankruptcy and Judicial Reorganizations Court of the District of the Capital of the State of São Paulo. This dispute is described in item 4.3.II.1 of B3's Reference Form and its risk of loss was classified as probable, with total amount under discussion provisioned in the Company's financial statements (amount provisioned as of 06.30.2020 was R$379,0 million), as disclosed in the Material Fact of 11.01.2016.
The execution of this Agreement will result in the payment of approximately R$ 140 million by B3 and represents the end of the dispute referred to above, in which the Bankruptcy Estate claimed to be entitled to equity securities issued by Associação BM&F, currently corresponding to 4,908,015 B3 shares.
This is an excerpt of the original content. To continue reading it, access the original document here.
Attachments
Original document
Permalink
Disclaimer
B3 SA - – Brasil, Bolsa, Balcão published this content on 31 August 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 31 August 2020 11:39:00 UTC
B3 SA Brasil Bolsa Balcao, formerly BM&F Bovespa SA Bolsa de Valores Mercadorias e Futuros, is a Brazil-based financial market infrastructure provider. The Company's service offerings range from exchange trading, clearing and other post-trading services to registration of over-the-counter (OTC) transactions. The Company also provides a listing service and acts as central securities depository (CSD). It develops software solutions and offers index licensing services. Its business is divided into four segments: Bovespa, which covers trading, clearing and settlement of equities and equity derivatives; BM&F, which covers trading, clearing and settlement of financial and commodities derivatives; Cetip Securities (Cetip UTVM), covering registration, clearing, settlement and custody systems for fixed-income securities and OTC derivatives, and Cetip Financing (Cetip UFIN), which provides an integrated private electronic system for registration of vehicle and real estate loans.
B3 S.A. - BRASIL, BOLSA, BALCÃO 
