Management Compensation

At the Annual General Meeting of Valid held on April 26, 2019 at the Company’s head offices, most of attending voting shareholders, as per votes cast and filed at the Company‘s head offices, among other resolutions, defined the overall annual compensation of the Company’s members of the Board of Directors and Board of Executive Officers to be effectively paid during 2019, totaling nineteen million, seven hundred and ninety-three thousand, eight hundred and twelve reais and six cents (R$19,793,812.06).

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