05/21/2024 – 21:37
Americanas, in judicial recovery, approved this Tuesday, 21st, at an Extraordinary General Meeting, an increase in the company’s capital of at least R$ 12.26 billion and, at most, R$ 40.7 billion, as well as well as technical details to make this contribution possible.
The capital increase was foreseen in the Americanas Judicial Recovery Plan and, therefore, approval was already expected. “It’s a plan to save the company. Without this plan, there is no company”, said a person close to the company, days before the General Assembly.
The approved proposal provides for the issuance of a minimum of 9.4 billion and a maximum of 31.3 billion new common shares, at an issue price of R$1.30 per share, as well as the issuance of at least, 3.14 billion, and a maximum of 10.4 billion in subscription bonuses, attributed as an additional advantage to subscribers of new shares, in the proportion of 1 subscription bonus for each group of 3 subscribed shares.
Shareholders will be guaranteed the preemptive right to subscribe to new common shares issued as a result of the capital increase, in proportion to their shares in the company’s share capital, within a period of 30 calendar days, between May 22, 2024 and May 21, 2024. June 2024.
The vote had been postponed due to lack of quorum on May 9th. As it was the approval of a statutory change, for the meeting to be opened on that date, there was a need for two thirds of the voting capital present in that first call.
Without reaching this quorum, the vote was postponed until this Tuesday, when it could have taken place with any quorum.
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