The Company´s shares are listed for trading in the Bovespa under the symbol "CRDE3". CR2 has entered into an agreement with the Bovespa to list its shares in the "Novo Mercado" the highest level of the differentiated corporate governance practices.
Each common share entitles its owner to one vote in CR2 general and special shareholders´ meetings. According to the agreement to be entered into with Bovespa for the listing the Company´s shares in the Novo Mercado , CR2 cannot issue shares without voting rights or with restricted voting rights. Moreover, as determined in the Company´s by-laws and the Brazilian corporation law, CR2 shareholders have the right to receive dividends and other distributions made in connection with the Company´s common shares in proportion to their ownership interest in the Company´s share capital.
Holders of CR2´s common shares are entitled to be included in a public tender offer in the case that a controlling stake in the Company is sold and the minimum price to be offered for each share is 100.0% of the price paid per share of the controlling stake.
In event of CR2 dissolution, the Company´s shareholders have the right to receive payments proportional to their ownership interest in CR2´s share capital, after the settlement of all the Company´s obligations. Owners of CR2´s common shares have the right participate in the Company´s share capital increases, in proportion to their ownership interest in CR2´s share capital, but are not obligated to subscribe to new shares in future share capital increases.
According to the Brazilian corporation law, neither CR2´s by-laws nor actions taken at a shareholders´ meeting may deprive a shareholder of the following rights:
Each purchaser of CR2 common shares in the United States will be deemed to have agreed not to deposit such common shares into an unrestricted global depositary receipt facility for as long as those shares are "restricted securities" within the meaning of Rule 144 under the Securities Act and to have represented and agreed as follows:
The investors residing outside Brazil , including institutional investors, are authorized to acquire securities, including CR2 shares, at the Brazilian stock exchanges, as long as they comply with the register requirements under Resolution nº 2,689 and CVM Instruction nº 325, of January 27, 2000 , and amendments.
The investors registered under Resolution nº 2,689, except for certain circumstances, may carry out any type of transaction in the Brazilian capital market involving a security traded in the stock exchange, futures market or organized over-the-counter market. The investments in and remittances of, outside Brazil, earnings, dividends, profits or other payments related to CR2 shares are carried out through the foreign exchange market.
To become an investor registered under the provisions of Resolution nº 2,689, an investor residing outside Brazil shall:
Securities and other financial assets held by non-Brazilian investors pursuant to CMN Resolution n o 2,689 must be registered or maintained in deposit accounts or under the custody of an entity duly licensed by the BACEN or the CVM. In addition, securities trading is restricted to transactions carried out in the stock exchange or through organized over-the-counter markets licensed by the CVM.
All CR2´s material facts, earnings results and other notices to the market are published simultaneously at CVM/Bovespa and at the investor relations area of the Company´s website (http://www.cr2.com.br/), and sent later by email to persons registered to receive this information. To receive information by e-mail please register here .
Complete financial statements are published annually on the newspapers "Valor Econômico" and "Diário Oficial do Estado do Rio de Janeiro ". Quarterly financial statements, press releases, presentations, material facts and notices to shareholders are available in the investor relations area of CR2´s website (http://www.cr2.com.br/). Other information about the Company also may be obtained on the website of São Paulo Stock Exchange (http://www.bovespa.com.br/) and at the Securities and Exchange Commission of Brazil - CVM (http://www.cvm.gov.br/).
CR2 Empreendimentos Imobiliários S.A.
Tel.: +55 (21) 3031-4600 / (21) 3095-4600
CFO and Investor Relations Officer
Any questions not related to analysts and investors must be directed to CR2´s Contact Form
From time to time, CR2 discloses so-called non-GAAP financial measures, primarily EBITDA. EBITDA means income before net financial expenses, income and social contribution taxes, depreciation and amortization. EBITDA is not Brazilian or the U.S. GAAP measurement, does not represent cash flows for the periods presented and should not be considered alternatives to net income as an indicator of CR2´s operating performance or as an alternative to cash flows as an indicator of liquidity. EBITDA does not have a standardized meaning and CR2´s definition of EBITDA may not be comparable to EBITDA as used by other companies.
The Company management believes that disclosure of EBITDA can provide useful information to investors, financial analysts and the public in their review of the Company´s operating performance and its comparison to the operating performance of other companies in the same industry and other industries.
Last Update on February 03, 2016