What is Vittia's share code and where are they traded?
Vittia’s shares are listed for trading on B3 under the ticker “VITT3”. Vittia is admitted to trading on the Novo Mercado, the highest level of differentiated corporate governance practices.
What are Vittia's common shares rights?
As it is listed on the Novo Mercado, Vittia’s Capital Stock is entirely composed of registered common shares (“ON”), which guarantees all the Company’s shareholders, in an equitable manner:right to vote at the Company’s General Meetings, with each common share issued by the Company corresponding to one vote;right to the mandatory minimum dividend, in each fiscal year, equivalent to 25.0% of net income adjusted pursuant to article 202 of the Lei das Sociedades por Ações;in case of sale, direct or indirect, for consideration of the Company’s control, either through a single operation or through successive operations, the right to sell its shares under the same conditions assured to the selling Controlling Shareholders (tag along with 100.0% of the price);in the event of cancellation of the company’s open registration or cancellation of listing on B3’s Novo Mercado, the right to sell its shares in a public offering to be launched by the Controlling Shareholders, at their respective economic value determined through the preparation of an appraisal report by specialized and independent company, with proven experience and chosen by the meeting of Shareholders holding outstanding shares from a triple list presented by the Board of Directors, and the costs of preparing the said report must be fully borne by the Controlling Shareholders;all other rights guaranteed to common shares issued by the Company, pursuant to the Novo Mercado Regulation, the Company’s Bylaws and the Lei das Sociedades por Ações.
What is the Company's dividend policy?
Subject to the provisions of the Lei das Sociedades por Ações and Vittia’s Bylaws, the mandatory dividend will be paid to its shareholders every fiscal year (unless the distribution of the mandatory dividend is suspended, if the Company’s Board of Directors informs the general meeting that the distribution is incompatible with Vittia’s financial condition).The mandatory dividend is equivalent to a minimum percentage of net income for the previous fiscal year, adjusted in accordance with the Lei das Sociedades por Ações. Vittia’s Bylaws determine that this minimum percentage is 25% of the amount of net income determined in its non-consolidated financials.The mandatory dividend may be paid in the form of dividends or as interest income on equity, whose net amount of withholding tax may be imputed as part of the mandatory dividend amount and may be considered as a deductible expense for financial purposes of corporate income tax and social contribution on net income.
