News

  • Decrease font
  • Increase font
  • Send to a friend
  • Click here to bookmark this page

    You don't have any bookmarks in our website. To choose your favorite sessions, please click here.

  • Print

Relevant Notice

Approval of payment of extraordinary dividends and cancellation of shares held in treasury

Recife, May 09, 2019, Ser Educacional (B3 SEER3, Bloomberg SEER3:BZ e Reuters SEER3.SA), one of Brazil’s largest private education groups and a leader in the Northeast and North regions, pursuant to CVM Instruction No. 358, of January 3, 2002, as amended, and paragraph 4 of Article 157 of Law 6,404, of December 15, 1976, as amended ("Brazilian Corporate Law"), hereby informs its shareholders and the market in general the Board of Directors approved, at a meeting held on May 9, 2019, the distribution of extraordinary dividends in the amount of R$250,000,000.00 (two hundred and fifty million reais), or R$1.942177 per share, to be paid by May 24, 2019, based on the shareholding position of May 14, 2019 (ex dividends from May 15, 2019). The distribution of extraordinary dividends is aimed at optimizing the Company’s capital structure. Accordingly, the Board of Directors also resolved to change its dividend policy by providing for a minimum distribution of 30% of net income, to be calculated semiannually.

On the same date, the Board of Directors approved the cancellation of 4,230,300 (four million, two hundred and thirty thousand and three hundred) common shares held in treasury, or 3.2% of total issued shares, with the maintenance of the current share buyback program. With this cancellation, the Company now has 128,721,560 (one hundred and twenty-eight million, seven hundred and twenty-one thousand, five hundred and sixty) common shares.

To access full document, click here.


IR Contact:


Rodrigo de Macedo Alves / Geraldo Soares de Oliveira Júnior
+55 (11) 2769-3223 | ri@sereducacional.com | http://ir.sereducacional.com

Media Relations:
Silvia Fragoso | +55 (81) 3413-4643 | silvia.fragoso@sereducacional.com