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On this date, brMalls informed its shareholders and the market in general about the financial settlement of the sale of the full interest in the following malls: Ilha Plaza, Casa & Gourmet Shopping, Shopping Plaza Macaé, Londrina Norte Shopping, Osasco Plaza Shopping, Shopping Contagem and Capim Dourado, located in the cities of Rio de Janeiro, Macaé, Londrina, Osasco, Contagem and Palmas, respectively, for R$ 696.4 million, paid in cash by the Real Estate Investment Fund managed by BTG Pactual Serviços Financeiros S.A. DTVM.
The value of the transaction may be increased by an additional payment based on the performance (NOI on an accrual basis) of the assets. The performance will be assessed for the year ended December 31st, 2019, and should the NOI on an accrual basis reach the stipulated level, there will be an additional payment of up to R$ 22.4 million, adjusted by CDI (interbank deposit rate) as of December 31st, 2019, which will take place until April 2020.
Additionally, as announced in the material fact disclosed on July 30th, 2019, we will distribute the full amount of the transaction to shareholders, of which R$ 526.4 million in dividends and R$ 170.0 million in interest on capital ("IOC").
Those who are shareholders on August 7th, 2019, will be entitled to receive IOC and dividends, and Company issued shares will be traded ex-interest on capital and ex-dividends as of August 8th, 2019. The referred payments will be made to shareholders on August 19th, 2019.
- Letter from Management
The management provides today to its shareholders and to the market, on the CVM (Securities and Exchange Commission) and on the Companys IR website, a letter that details brMalls long-term strategic vision.
- Conference Call
The Company invites all interested parties to participate in a conference call to be held on Monday, August 5th, where we will be available to provide further details and explanations of the transaction.
August 5th, 2019 - 09:00 am EDT (10:00 am BZ Time)
Dial-in USA: +1 (929) 378-3440 / +1 (516) 300-1066
Dial-in Brazil: +55 11 3127-4971 / +55 11 3128-5971
Replay: +55 11 3127-4999
Recording ID - English: 35981284
Recording ID - Portuguese: 30099477