Valid Soluções S A : Notice to the Market - Sale of Valid-USA Data unit
September 30, 2022 at 05:24 pm EDT
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NOTICE TO THE MARKET
Sale of Valid-USA Data unit
São Paulo, September 30, 2022 - Valid Soluções S.A. ("Company") (B3: VLID3 ON), ("Company"), in compliance with CVM Resolution No. 44/2021, hereby informs the public, its shareholders and the market in general that, continuing its portfolio optimization process and focus on its core assets, concluded on this date the process of selling its Data assets in the United States. The sale took place through a management buyout format, led by American executives who are and will remain at the forefront of this business.
The Data unit accounted for approximately R$ 36 million or USD 7 million in sales in the last 12 months ending in 2Q22. The transaction amount, of USD 5.4 million, will be paid in two installments, with USD 4.2 million on this date and USD 1.2 million in 24 months.
More information can be obtained from the Company's Investor Relations Department, by e-mail: ri@valid.com.
Renato Tyszler
Chief Financial and
Investor Relations Officer
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Valid Soluções SA published this content on 30 September 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 30 September 2022 21:23:08 UTC.
Valid Solucoes SA, formerly Valid Solucoes e Servicos de Seguranca em Meios de Pagamento e Identificacao SA, is a Brazil-based company primarily engaged in the provision of printed services. The Company's activities are divided into four business segments: Means of payment, Identification, Telecommunications and Digital certification. The Means of payment division produces cards, which are used on a daily basis for payments, identification, gift cards, vouchers and tickets, among others. The Identification division offers physical and electronic solutions, such as capture, storage and data management, security printing, as well as recognition and digital printing. The Telecommunications division provides instant lottery tickets, prepaid cards and public transportation tickets, among others. The Digital certification division offers technology and support services for government-certified digital certificates.