Documents related to the share buybacks:
The Company’s Extraordinary General Meeting held on September 19th, 2019 approved the resolution on the split of shares issued by IRB Brasil RE, without any change in its capital stock.
Each share issued by the Company split into three (3) shares. The number of common shares in which the Company’s capital was divided went from 312,000,000 to 936,000,000 shares. The shares resulting from the approved split fully grant their holders the same rights as the existing common shares, including in relation to the distribution of dividends and / or interest on capital and any capital remuneration that may be distributed by the Company.
|Record Date||Ex-split date||Credit to Shareholders|
Documents related to the stock split:
On August 31, 2020 the Board of Directors homologated the Private Capital Increase in the total amount of R$2,300,000,000.00, within the authorized capital, by means of the issuance, for private subscription, of 331,890,331 common shares.
After capitalization, the Company’s capital increased from 936,000,000 shares to 1,267,890,331 shares.
|Record Date||Ex-subscription date||Credit to Shareholders|
Shareholders’ right: 0.35938828 new common share for each one (1) share.
On September 1st, 2022, the members of the Board of Directors of the Company, at a meeting held as the date hereof, approved the pricing of the primary follow-on offering of the Company’s common shares with restricted placement efforts in Brazil, in accordance with CVM Instruction No. 476, dated January 16, 2009, as amended. The Restricted Offering was directed to no more than 75 professional investors headquartered or resident in Brazil (and subscribed by no more than 50 professional investors), and placement efforts to qualified institutional buyers (pursuant to Rule 144A of the U.S. Securities Act of 1933, as amended and elsewhere to institutional and other investors that are not U.S. persons.
The Company’s Board of Directors set the price per share at R$1.00 following the conclusion of the bookbuilding process and approved an increase of the Company’s capital stock of R$1,200,000,000.00, divided into 1,200,000,000 newly issued common shares, totaling a capital stock of R$5,453,080,000,00, divided into 2,467,890,331 common shares and one preferred share.
Reverse Stock Split
The Extraordinary General Meeting held on December 22, 2022 approved the reverse split of all 2,467,890,331 common shares issued by the Company, in the proportion of 30 (thirty) shares converted into 1 (one) share, without changing the capital stock.
As of January 25, 2023, the shares issued by the Company began to be traded already considering the effects of the reverse split.