Estacio Announces Share Conversion and Listing on the Novo Mercado
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 Investor Relations Carlos Lacerda Phone: + 55 (21) 2433 9789 Fernando Santino Phone: +55 (21) 2433 9790/9791 firstname.lastname@example.org http://www.estacioparticipacoes.com/ir 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.
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