Rio de Janeiro, November 27, 2020.
B3 S.A. - Brasil, Bolsa, Balcão
Ms. Ana Lucia Pereira
Superintendence of Listings and Monitoring of Issuers (Superintendência de Listagem e Supervisão de Emissores)
c.c.: Brazilian Securities and Exchange Commission (Comissão de Valores Mobiliários - CVM) Mr. Fernando Soares Vieira - Superintendence of Corporate Relations (Superintendência de Relações com Empresas)
Mr. Francisco José Bastos Santos - Superintendence of Market and Agent Relations (Superintendência de Relações com o Mercado e Intermediários)
Re.: Official Letter B3 1043/2020-SLS
Dear Sirs,
Oi S.A. - In Judicial Reorganization (the "Company" or "Oi") hereby clarifies as follows, in compliance with the Official Letter B3 1042/2020-SLS, dated November 27, 2020, from B3 S.A. - Brasil, Bolsa, Balcão ("B3"), as transcribed below (the "Official Letter"):
"In view of the latest fluctuations observed with respect to the shares issued by this company, the number of trades and the volume traded, as detailed below, we hereby request to be informed by November 27, 2020, about the existence of any fact known by you which may justify them.
Common Shares (ON)
Prices (in R$ per share)
Date | Opening | Minimum | Maximum | Average | Closing | Fluctuations | No. | Amount | Volume (R$) | ||
% | trades | ||||||||||
11/13/2020 | 1.69 | 1.68 | 1.80 | 1.76 | 1.79 | 5.91 | 24,257 | 205,910,400 | 362,618,660.00 | ||
11/16/2020 | 1.82 | 1.80 | 1.84 | 1.82 | 1.83 | 2.23 | 32,703 | 97,806,800 | 177,893,048.00 | ||
11/17/2020 | 1.83 | 1.81 | 1.86 | 1.83 | 1.85 | 1.09 | 41,436 | 114,053,600 | 209,267,467.00 | ||
11/18/2020 | 1.84 | 1.81 | 1.85 | 1.82 | 1.81 | -2.16 | 16,847 | 71,340,900 | 130,065,550.00 | ||
11/19/2020 | 1.80 | 1.80 | 1.83 | 1.81 | 1.83 | 1.10 | 14,802 | 69,171,800 | 125,469,122.00 | ||
11/20/2020 | 1.83 | 1.81 | 1.83 | 1.82 | 1.82 | -0.54 | 17,530 | 37,623,800 | 68,481,753.00 | ||
11/23/2020 | 1.84 | 1.83 | 1.90 | 1.86 | 1.90 | 4.39 | 25,339 | 90,349,700 | 168,183,846.00 | ||
11/24/2020 | 1.92 | 1.86 | 1.95 | 190 | 1.86 | -2.10 | 22,948 | 134,144,000 | 255,183,836.00 | ||
11/25/2020 | 1.86 | 1.84 | 1.98 | 1.93 | 1.98 | 6.45 | 25,068 | 157,505,000 | 303,546,908.00 | ||
11/26/2020 | 2.02 | 2.00 | 2.15 | 2.07 | 2.08 | 5.05 | 46,726 | 320,475,200 | 664,380,797.00 | ||
Preferred Shares (PN) |
Rua Humberto de Campos, 425 - 8th floor | |
Leblon - Zip Code 22430-190 | |
Rio de Janeiro - RJ | www.oi.com.br |
Prices (in R$ per share)
Date | Opening | Minimum | Maximum | Average | Closing | Fluctuations | No. | Amount | Volume (R$) |
% | trades | ||||||||
11/13/2020 | 2.26 | 2.25 | 2.37 | 2.33 | 2.34 | 3.53 | 2,587 | 8,153,200 | 18,994,244.00 |
11/16/2020 | 2.40 | 2.36 | 2.43 | 2.39 | 2.39 | 2.13 | 2,078 | 4,830,900 | 11,543,661.00 |
11/17/2020 | 2.38 | 2.38 | 2.51 | 2.44 | 2.51 | 5.02 | 3,347 | 7,924,300 | 19,341,928.00 |
11/18/2020 | 2.50 | 2.46 | 2.55 | 2.50 | 2.50 | -0.39 | 2,670 | 6,399,800 | 16,021,227.00 |
11/19/2020 | 2.49 | 2.46 | 2.52 | 2.50 | 2.50 | 0.00 | 2,936 | 3,324,600 | 8,297,124.00 |
11/20/2020 | 2.51 | 2.50 | 2.63 | 2.57 | 2.63 | 5.20 | 2,168 | 5,073,800 | 13,015,212.00 |
11/23/2020 | 2.68 | 2.63 | 2.85 | 2.73 | 2.85 | 8.36 | 4,451 | 9,111,500 | 24,903,802.00 |
11/24/2020 | 2.87 | 2.73 | 2.99 | 2.91 | 2.81 | -1.40 | 7,277 | 18,849,700 | 54,784,523.00 |
11/25/2020 | 2.84 | 2.81 | 2.98 | 2.90 | 2.96 | 5.33 | 4,520 | 11,763,600 | 34,169,234.00 |
11/26/2020* | 3.05 | 2.99 | 3.12 | 3.05 | 3.05 | 3.04 | 7,179 | 21,825,100 | 66,726,181.00 |
* Updated as of 5:19 p.m."
In this regard, Oi clarifies that there are no material facts or acts that, in its understanding, might justify possible atypical fluctuations in the number of trades and in the amount of the Company's shares traded other than those already widely disclosed to the market, such as the disclosure of its third quarter results after the closing of the trading session on November12, 2020, the hearings, on November 26, 2020 for the opening of closed bids submitted under the competitive procurement process for the sale of UPI Data Center and UPI Towers, in addition to the expectation in relation to the vote, in the Federal Senate, of Legislative Bill 6229/05 ("New Bankruptcy Law"), which was approved on November 26, 2020.
Oi reaffirms its commitment to keep its shareholders and the market informed with respect to relevant and material aspects of its businesses and reiterates that investors and the market in general should be guided solely by the official disclosures made by the Company.
These are the clarifications we have in connection with the Official Letter, and we remain at your disposal for any further clarification.
Sincerely,
Oi S.A. - In Judicial Reorganization
Camille Loyo Faria
Chief Financial Officer and Investor Relations Officer
Rua Humberto de Campos, 425 - 8th floor | |
Leblon - Zip Code 22430-190 | |
Rio de Janeiro - RJ | www.oi.com.br |
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Oi SA em Recuperação Judicial published this content on 27 November 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 November 2020 00:48:03 UTC