Information to the Market - Capital increase of Ciclic
BB Seguridade Participações S.A. (“BB Seguridade”) hereby informs its shareholders and the market in general that the Board of Directors has approved today a guidance to its wholly owned subsidiary, namely BB Corretora de Seguros e Administradora de Bens S.A. (“BB Corretora”), to vote for the approval of the capital increase of Ciclic Corretora de Seguros S.A. (“Ciclic”), up to the limit of R$34,133,048.00.
Considering the shareholding stake in Ciclic, it will be due by BB Corretora up to R$25,598,754.21 of the capital increase to be approved.
The payment of the capital increase may be carried out in installments, the first amounting to R$17,001,400.00 and the other until the end of 2022, depending on the achievement of some targets by Ciclic.
Brasilia, February 18th, 2020.
Werner Romera Süffert
CFO & IRO