Even announces Material Fact
EVEN CONSTRUTORA E INCORPORADORA S.A. (“Company”), in compliance with Article 157, paragraph 4, of Law 6,404, dated December 15, 1976 (the “Brazilian Corporate Law”), as amended, Instruction of the Brazilian Securities Commission (Comissão de Valores Mobiliários) (“CVM”) No. 358, dated January 3, 2002, as amended, and the Company’s Material Information Disclosure Policy, dated June 27, 2019, hereby informs its shareholders and the market in general that a request has been filed, on this date, to register a public offer of common shares (the “Shares”) issued by Melnick Even Desenvolvimento Imobiliário S.A. (“Melnick Even”), a subsidiary of the Company, to be held in Brazil, in an over-the-counter market, under the terms of CVM Instruction No. 400 and other applicable legal provisions, under the coordination of financial institutions that are part of the securities distribution system, including efforts to place the Shares abroad (the “Offer”).
The Offer was approved at Melnick Even‘s Extraordinary General Meeting held on this date, together with the submission of Melnick Even‘s application to join the Novo Mercado special listing segment of the São Paulo Stock Exchange (B3 S.A. – Brasil, Bolsa, Balcão).
The Board of Directors of the Company shall establish the following terms in due course: (a) the quantity of shares to be sold by the Company within the scope of the Offer; and (b) the sale price of the shares, as may be agreed upon on the date of the Offer‘s pricing, upon the conclusion of the bookbuilding process with institutional investors, to be carried out in Brazil and abroad, in accordance with the provisions of article 44 of CVM Instruction No. 400. The Offer is subject to CVM registration and market conditions.
The Company will update the market on developments related to the Offer.
This Material Fact is for informational purposes only pursuant to applicable legislation and does not constitute an offer to sell or the solicitation of an offer to buy any securities, including the Shares, and shall not constitute an offer, solicitation or sale in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of that jurisdiction. No registration of the Offer or shares will be made with any securities regulator of any country, except for the CVM in Brazil.
The Offer has not been, and will not be, registered under the U.S. Securities Act of 1933 (“Securities Act”), as amended, or any other securities laws of the United States or any state of the United States or any other jurisdiction, and the Shares may not be offered, sold, pledged or otherwise transferred in the United States or to U.S. investors absent registration or an exemption from registration under the Securities Act.
São Paulo, July 30, 2020.
JOSÉ CARLOS WOLLENWEBER FILHO
CFO and Investor Relations Director
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Even has been working in the real estate sector for more than 40 years and is one of the largest builders and developers in the metropolitan region of São Paulo. It is present, primarily and strategically, in the cities of São Paulo, Rio de Janeiro and Porto Alegre. The company is vertically oriented, executing all development stages of its projects, from lot prospecting, property development and brokerage activities to the project‘s construction. Even owns two sales companies: Even Vendas and Even More, both of which operating in 100% of the Company‘s projects to sell units and providing exclusive services to Even. The Company follows sustainability principles in all of its business segments. Even believes that employing sustainability practices leads to less construction debris, increases the energy efficiency of its products and improves its image before clients and neighboring communities. Its shares ! are traded on the Novo Mercado Special Corporate Governance segment of the B3 – Brasil Bolsa Balcão, under the ticker EVEN3.