Cielo informed the market that it will carry out the compulsory redemption of the company's shares that remain in circulation (Image: Facebook/Cielo)
A Cielo (CIEL3) informed the market that it will carry out the compulsory redemption of the shares that remained in circulation, after carrying out the public offering of shares (OPA) that closed the company's capital, according to a statement released on Monday (23).
Approved at an Extraordinary General Meeting (EGM), the measure requires minority shareholders who remained with CIEL3 to sell their shares to the controlling shareholders.
According to the Cielo statement, shareholders will receive the same amount as the price per share of the OPA, of R$5.82, adjusted by the Selic rate accumulated since August 16, the auction settlement date, until the payment date, which will be September 26, 2024. Thus, the final value will be R$5.89.
“Given the approval of the compulsory redemption, the 3 (three) month period, counted from the date of the OPA auction, for carrying out subsequent acquisitions is terminated early”, states the company.
OPA from Cielo
Cielo's OPA auction raised R$4.3 billion on B3. Through the holding company EloPar, the controllers Bradesco e Bank of Brazil bought 736,857,044 shares, at R$5.82 each.
The OPA aimed to purchase 902,247,285 million common shares issued by the card machine company to close the company's capital. To this end, according to the rules of the Securities and Exchange Commission (CVM), it was necessary for shareholders holding at least two-thirds of the shares to accept the offer — which happened.
After the offering, Cielo's controlling company will begin the process of delisting the company, converting it from a company classified in category A to category B at the CVM, and will no longer be authorized to issue shares on the market.