RIO DE JANEIRO, Brazil, July 8 /PRNewswire-FirstCall/ -- Estacio
Participacoes S.A (Bovespa: ESTC11, "Company"), announced today in Brazil,
in compliance with Article 137 of Law 6404/76, the close of the period for
shareholders dissenting from the decision made at the Shareholders' Meeting
held on June 4, 2008, to convert all of the Company's preferred shares into
common shares, to exercise withdrawal rights.
The Company further informed that none of its shareholders manifested
dissention from the above mentioned decision and therefore the conversion
of shares will become effective.
As of July 11, 2008 all the Company's preferred shares will be
converted into common shares, the common shares will be grouped (at the
ratio of three to one), and:
(i) the Company's capital stock will be represented by 78,585,066
registered, book-entry, common shares with no par value;
(ii) the Company's shares will be traded exclusively under the ticker
ESTC3 and, consequently, its share deposit certificates, in the form of
Units ("ESTC11") will cease to be traded; and
(iii) the Company's shares will start trading on the Novo Mercado
segment of the Sao Paulo Stock Exchange (Bovespa).
Joao Carlos de Castro Rosas
Investor Relations Officer
Phone: + 55 (21) 2433 9789
Phone: +55 (21) 2433 9790/9791
About Estacio Participacoes
Estacio Participacoes S.A. (BOVESPA: ESTC11), the largest private
post-secondary education institution in Brazil in terms of number of
enrolled students, has approximately 198,000 undergraduate students
enrolled in its programs (03/31/2008), and reached a net revenue of R$ 238
million in the first quarter of 2008.
SOURCE Estacio Participacoes S.A.