Totvs : Approval of VTEX Joint Venture - Notice to the Market
June 17, 2019 at 07:44 am EDT
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TOTVS S.A.
Publicly-Held Company
CNPJ No. 53.113.791/0001-22
NIRE 35.300.153.171
NOTICE TO THE MARKET
TOTVS S.A. (B3: TOTS3) ("Company"), complementing the information disclosed in the Material Fact dated May 9th, 2019 ("Material Fact"), informs that, it was published on June 14th, 2019 decision by the General Superintendence of the Brazilian Antitrust Authority - CADE approving without restrictions the creation of a joint venture with VTEX S.A. ("VTEX") and the sale to VTEX of all the shares held by the Company in the capital stock of CIASHOP S.A., as detailed in the Material Fact. Such approval is subject to the 15-day legal term for appeal or avocation by the CADE Tribunal. If no appeal or avocation against the process occur within 15 days, the transactions will be considered as definitively approved by the CADE.
The Company reaffirms that the consummation of such transactions with VTEX is still subject to other conditions precedent, as disclosed in the Material Fact. The Company will keep its shareholders and the market timely informed on the development of the matters referred herein.
TOTVS SA published this content on 17 June 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 17 June 2019 11:43:06 UTC
Totvs SA is a Brazil-based company engaged in the information technology (IT) sector. The Company focuses on developing integrated management software solutions, collaboration and productivity platforms, as well as on consulting services. The Company mainly provides enterprise resource planning (ERP) applications, which electronically integrate the strategic and operational levels of a user company. It offers ERP software in various areas, such as administration, education, finance, industrial, human resources, customer service and logistics. The Company operates in Brazil, Argentina, Colombia, Mexico, Portugal and the United States, among others. It controls a number of subsidiaries, including Solucoes em Software e Servicos TTS Ltda, Datasul Argentina SA and Neolog Consultoria e Sistemas SA.
TOTVS S.A. 
