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    POSI3   BRPOSIACNOR9

POSITIVO TECNOLOGIA S.A.

(POSI3)
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Delayed Bolsa de Valores de Sao Paulo  -  05/20 04:07:42 pm EDT
7.740 BRL   +0.26%
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05/02POSITIVO TECNOLOGIA S.A. : Ex-dividend day for final dividend
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Positivo Tecnologia S A : Material Fact - Share Buyback Program 12/10/2021

12/10/2021 | 04:43pm EDT

POSITIVO TECNOLOGIA S.A.

Corporate Taxpayer's ID (CNPJ/MF): 81.243.735/0001-48

Company Registry (NIRE): 41300071977

Publicly Held Company

MATERIAL FACT

Positivo Tecnologia S.A. ("Company") (B3: POSI3), hereby announces, pursuant to CVM Resolution 44/21, CVM Instruction 567/15 and Law 6,404/76, as amended, that its Board of Directors, in a meeting held on December 10, 2021, unanimously approved, without any reservations:

  1. the termination of the Company's Share Buyback Program approved at the Board of
    Directors Meetings held on June 9, 2020 and June 10, 2021 (the "2020 Program"). During the term of the 2020 Program 1,620,800 common shares issued by the Company were acquired (1.14% of the total shares issued) at an average price of ten reais and twenty centavos (R$10.20), which will be held in treasury to meet the exercise of options under the Company's stock option programs.
  2. the development of a New Share Buyback Program for Company shares, ("2021 Program") under the following conditions:
    1. Purpose: The 2021 Program, which aims at the acquisition of shares issued by the Company itself, by the Company or by companies controlled by the Company, within the limits provided for in the applicable regulations, without reducing the capital stock, aims at maintaining the shares for holding in treasury and later disposal and/or cancellation and/or to meet the Company's obligations arising from the stock option plan and the share-based compensation plan, directed to its executives and employees.
    2. Outstanding and treasury shares: According to the definition contained in article 8, paragraph 3, I of CVM Instruction 567/2015, considering as base date November 29, 2021, the number of outstanding shares of the Company is 76,018,423 and the number of shares held in treasury is 2,344,783.
    3. Method: the acquisition will be made on the Stock Exchange, at market price, and the Executive Board will be responsible for deciding the moment and the quantity of shares to be acquired, respecting the limits established in the applicable regulations;
    4. Number of shares to be acquired: Up to 4,000,000 common shares, nominative and without par value, issued by the Company, which, on this date, represent 2.82% of the total shares issued by the Company and 5.26% of the total shares issued by the Company that are outstanding.
  1. Term of the Program: Acquisitions, the purpose of the 2021 Program, may be made within a period of up to eighteen (18) months, beginning on December 11, 2021 and ending on June 11, 2023, and the Board of Directors is responsible for determining the best time for the acquisitions.
  2. Avaiable resources: The resources that will be used in the 2021 Program may
    come from a single or combination of the following items: (i) profit or capital reserves; and/or (ii) income from the current fiscal year, separated the allocations to the reserves mentioned in the Article 7, paragraph 1 of CVM Instruction 567.
  3. Financial institutions that will act as brokers: (I) ITAU Corretora de Valores
    S.A., Corporate Taxpayer's ID (CNPJ): 61.194.353/0001-64, located at Avenida Brigadeiro Faria Lima, 3.500, 3º andar - Itaim Bibi - in the city and state of São Paulo - CEP: 04.538-132; and (II) BTG Pactual Corretora de Títulos e Valores
    Mobiliários S.A., Corporate Taxpayer's ID (CNPJ): 43.815.158/0001-22, located at Avenida Brigadeiro Faria Lima, 3.477, 14º andar - Itaim Bibi - in the city and state of São Paulo - CEP: 04.538-133

Curitiba, December 10, 2021.

POSITIVO TECNOLOGIA S.A.

Caio Gonçalves de Moraes

Vice President of Finance and Investor Relations

Disclaimer

Positivo Tecnologia SA published this content on 10 December 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 10 December 2021 21:42:10 UTC.


© Publicnow 2021
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Financials
Sales 2022 4 138 M 850 M 850 M
Net income 2022 189 M 38,8 M 38,8 M
Net cash 2022 219 M 45,0 M 45,0 M
P/E ratio 2022 6,24x
Yield 2022 -
Capitalization 1 082 M 222 M 222 M
EV / Sales 2022 0,21x
EV / Sales 2023 0,17x
Nbr of Employees 4 000
Free-Float 54,5%
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Mean consensus BUY
Number of Analysts 2
Last Close Price 7,74 BRL
Average target price 12,00 BRL
Spread / Average Target 55,0%
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Managers and Directors
Hélio Bruck Rotenberg Chief Executive Officer & Director
Caio Gonçalves de Moraes Vice President-Finance & Investor Relations
Alexandre Silveira Dias Chairman
Pedro Santos Ripper Independent Director
Samuel Ferrari Lago Director
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