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Barretos, December 20th, 2018 - Minerva S.A., ("Minerva" or "Company"), leader in South America in the sale of fresh beef, with operations also in the beef processing segment, pursuant to the provisions of article 157, paragraph 4, of Law no. 6,404 of December 15, 1976, as amended ("Brazilian Corporate Law"), and in accordance with CVM Instruction 358 of January 3, 2002, as amended ("ICVM 358/02"), hereby informs its shareholders and the market in general what follows:

I. Ratification of the Capital Increase

1. Capital Increase. As widely disclosed to the market, Company‘s Extraordinary General Meeting held on October 15, 2018 ("EGM 10.15.2018") approved the Company‘s capital increase in the amount of one billion, fifty-nine million and three hundred thousand Brazilian Reais (R$ 1,059,300.00), with a private subscription up to one hundred and sixty-five million (165,000,000) of new nominative, book-entry common shares, with no par value at the issue price of six Brazilian Reais and forty-two cents (R$ 6.42) per share, fixed, established pursuant to article 170, § 1, item III, of the Brazilian Corporate Law, with the attribution, as an additional advantage to the subscribers of the shares subject to the capital increase, of one (1) subscription bonus for each new share subscribed ("Capital Increase").

2. Minimum Subscription. Pursuant to the minutes of the EGM 10.15.2018, the Capital Increase, even if partially subscribed, could be ratified if at least eighty-two million, a hundred and forty-seven thousand, eight hundred and eighty-seven (82,147,887) new common shares were subscribed, corresponding to a minimum increase in the amount of five hundred and eighty-seven million, three hundred and eighty-nine thousand, four hundred and thirty-four Brazilian Reais and fifty-four cents (R$ 527,389,434.54) ("Minimum Subscription").

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