Notice to The Market – End of the First and Opening of the Second Program of the Company’s Long-Term Incentive Plan
NOTICE TO THE MARKET
End of the First and Opening of the Second Program of the Company’s Long-Term Incentive Plan
Rio de Janeiro, July 5, 2018 – Valid Soluções e Serviços de Segurança em Meios de Pagamento e Identificação S.A. (“Company”), (B3: VLID3 ON), informs its shareholders and the market in general that on June 29, 2018: (i) it ended the Company’s First Program, in effect between June 30, 2017 and June 29, 2018, in accordance with the Company’s Long-Term Incentive Plan (“Plan”); and (ii) its Board of Directors approved the Company’s Second Program in accordance with the minutes detailing the characteristics of said Program, noting that the Base Price is R$17.45, as per the assessment dated June 29, 2018.
Regarding the Program ending now, Valid declares that the shares will be transferred to participants based on the following:
Base Price of the First Program: R$15.24.
Verification Price after one (1) year: R$17.45.
Performance: 1.05x the minimum performance target set forth in the Plan.
Percentage of Shares to be Transferred: 0.26% of the Company’s total capital stock.
Number of Shares Granted: 186,978 shares.
Period for the transfer of shares: The Board of Directors will authorize the transfer of shares held in treasury to participants, which will be implemented by the Company within thirty (30) days of verification.
Pursuant to the approved Plan, the transferred shares will not be available for trading for a period of three (3) years counting from the date of receipt of the respective shares
For more information, please contact our Investor Relations Department.
Click here for the Notice to The Market.
Click here for the Minutes of Board of Directors’ Meeting