StoneCo Announces Approval of Founders’ Corporate Restructuring by the Brazilian Central Bank
29 Novembro 2022 - 10:41AM
StoneCo Ltd. (Nasdaq: STNE) (“Stone” or the “Company”) announced
today that the Brazilian Central Bank has approved the technical
requirement of change of control submitted by the Company amid a
corporate restructuring involving its Founders, as announced by the
Company on June 1, 2022.
As a result of the corporate restructuring,
there will be a decrease in the concentration of votes held by our
founding shareholders, who will collectively and individually have
less than 50% of the voting power.
About StoneCo
StoneCo is a leading provider of financial
technology and software solutions that empower merchants to conduct
commerce seamlessly across multiple channels and help them grow
their businesses.
Forward-Looking Statements
This press release contains “forward-looking
statements” within the meaning of the “safe harbor” provisions of
the Private Securities Litigation Reform Act of 1995. These
forward-looking statements are made as of the date they were first
issued and were based on current expectations, estimates, forecasts
and projections as well as the beliefs and assumptions of
management. These statements identify prospective information and
may include words such as “believe,” “may,” “will,” “aim,”
“estimate,” “continue,” “anticipate,” “intend,” “expect,”
“forecast,” “plan,” “predict,” “project,” “potential,”
“aspiration,” “objectives,” “should,” “purpose,” “belief,” and
similar, or variations of, or the negative of such words and
expressions, although not all forward-looking statements contain
these identifying words.
Forward-looking statements are subject to a
number of risks and uncertainties, many of which involve factors or
circumstances that are beyond Stone’s control.
Stone’s actual results could differ materially
from those stated or implied in forward-looking statements due to a
number of factors, including but not limited to: more intense
competition than expected, lower addition of new clients,
regulatory measures, more investments in our business than
expected, and our inability to execute successfully upon our
strategic initiatives, among other factors.
Contact:Investor
Relationsinvestors@stone.co
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