Estácio Participações S.A. (“Estácio” or “Company” - Bovespa: ESTC3), in accordance with paragraph 4 of Article 157 of Law 6,404/76 and CVM Rule 358/02, as amended, notifies the market and the general public of the launch of its Level I American Depositary Receipt Program (“Level I ADR Program”), which was approved by the Securities and Exchange Commission of Brazil (CVM) on May 31, 2011. The American Depositary Shares (“ADSs”) to be issued under the Level I ADR Program have been registered with the U.S. Securities and Exchange Commission (“SEC”) pursuant to a registration statement that is expected to be declared effective by the SEC on June 17, 2011.
One (1) ADS will correspond to one (1) common share issued by the Company and will be quoted on the OTC (over-the-counter) market under the ticker “ECPCY”. The CUSIP code for the ADSs is 297319105. Citibank, N.A. is the depositary bank for the Level I ADR Program and Citibank DTVM S.A. is the custodian of the common shares underlying the ADSs.
The Level I ADR Program was established to increase the methods through which investors, chiefly those domiciled abroad, can invest in the Company as well as increase the liquidity of the Company’s shares. The Company clarifies that it is not issuing any new shares in connection with the establishment of the Level I ADR Program.
Rio de Janeiro, June 17, 2011
Rogerio Frota Melzi
Investor Relations Officer
To see the full version of the Material Fact, click here.