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Name | Symbol | Market | Type |
---|---|---|---|
Embraer SA | NYSE:ERJ | NYSE | Depository Receipt |
Price Change | % Change | Price | High Price | Low Price | Open Price | Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
-0.78 | -2.06% | 37.11 | 37.785 | 36.9626 | 37.41 | 610,857 | 01:00:00 |
EMBRAER S.A.
PUBLICLY HELD COMPANY
CNPJ 07.689.002/0001-89
NIRE 35.300.325.761
MATERIAL FACT
SÃO JOSÉ DOS CAMPOS, Brazil, Dec. 12, 2024 /PRNewswire/ -- Embraer S.A. ("Company") (NYSE: ERJ, B3: EMBR3) informs its shareholders and the market that its Board of Directors, in a meeting held on December 12, 2024, according to the minutes published on the CVM and Investor Relations websites, approved the execution by the Company, with Banco Itaú BBA S.A., of derivative agreements of "Equity Swap", referenced in the shares issued by the Company. Equity Swap agreements will observe the following limits and conditions:
Equity Swap Settlement: cash settlement, within a maximum period of 12 months from December 13, 2024.
Maximum Exposure: up to 16,156,597 common shares, observing the limit established in CVM Resolution No. 77/22.
Conditions: the Equity Swap will allow the Company to receive the price variation related to its shares traded on the stock exchange plus any dividends distributed to the shares subject to the Equity Swap (active end) and pay CDI plus a fee (passive end), during the term of the agreement.
Purpose: need to mitigate fluctuations in the prices of shares issued by the Company, in view of future payments to be made by the Company within the scope of its long-term incentive plans.
São José dos Campos, December 12, 2024.
Antonio Carlos Garcia
Executive Vice-President and CFO
View original content:https://www.prnewswire.com/news-releases/material-fact-of-derivative-agreements-of-equity-swap-board-approval-302330856.html
SOURCE Embraer S.A.
Copyright 2024 PR Newswire
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