Vitru Announces Closing of Crescera Option
06 Diciembre 2022 - 7:47AM
Vitru Limited (Nasdaq: VTRU) (“
Vitru”) today
announced the closing of the rights offering shortfall option by
Crescera pursuant to the investment agreement (as amended,
restated, supplemented or otherwise modified in accordance with the
terms thereof, the “
Investment Agreement”) entered
into on September 27, 2022 with Crescera Growth Capital Master V
Fundo de Investimento em Participações Multiestratégia and Crescera
Growth Capital V Coinvestimento III Fundo de Investimento em
Participações Multiestratégia (collectively,
“
Crescera”). As a result of the exercise of the
option, Crescera has subscribed for 215,903 new common shares
issued by Vitru (which, upon issuance, amount to approximately 0.6%
of Vitru’s outstanding common shares) for a total consideration of
US$3,458,766 or US$16.02 per common share.
As previously announced, Crescera had the option
to acquire additional common shares not subscribed for by Vitru’s
minority shareholders in Vitru’s previously announced rights
offering, for up to a maximum amount equivalent to R$100 million
less the total amount received by Vitru from subscriptions of new
common shares by minority shareholders pursuant to the rights
offering. Crescera has exercised the option agreed with Vitru in
full and its equity stake in Vitru now amounts to approximately
11.44% of Vitru’s outstanding common shares.
This press release is not intended to and does
not constitute an offer to sell or the solicitation of an offer to
subscribe for or buy or an invitation to purchase or subscribe for
any securities in any jurisdiction, nor shall there be any sale,
issuance or transfer of securities in any jurisdiction in
contravention of applicable law. No offer of securities shall be
made except by means of a prospectus meeting the requirements of
Section 10 of the Securities Act of 1933, as amended.
About Vitru
Vitru is the leading pure distance learning
education group in the postsecondary distance learning market in
Brazil. Through its invested companies, Vitru provides a complete
pedagogical ecosystem focused on hybrid distance
learning experience for undergraduates and continuing
education students.
Forward Looking Statements
This press release includes “forward-looking
statements” within the meaning of the U.S. federal securities laws.
Statements contained herein that are not clearly historical in
nature are forward-looking, and the words “anticipate,” “believe,”
“continues,” “expect,” “estimate,” “intend,” “project” and similar
expressions and future or conditional verbs such as “will,”
“would,” “should,” “could,” “might,” “can,” “may,” or similar
expressions are generally intended to identify forward-looking
statements. These forward-looking statements speak only as of the
date hereof and are based on Vitru’s current plans, estimates of
future events, expectations and trends that affect or may affect
our business, financial condition, results of operations, cash
flow, liquidity, prospects and the trading price of Vitru’s common
shares, and are subject to several known and unknown uncertainties
and risks, many of which are beyond Vitru’s control. As a
consequence, current plans, anticipated actions and future
financial position and results of operations may differ
significantly from those expressed in any forward-looking
statements in this press release. You are cautioned not to unduly
rely on such forward-looking statements when evaluating the
information presented. Vitru does not undertake any obligation to
update publicly or to revise any forward-looking statements after
we distribute this press release because of new information, future
events, or other factors.
Contact:
Carlos Henrique Boquimpani de Freitas, Chief Financial and Investor Relations Officer
e-mail: ir@vitru.com.br
website: https://investors.vitru.com.br/
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