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Reported Earlier, Embraer Approves Equity Swap Agreements With Banco Itaú BBA To Stabilize Share Prices For Long-Term Incentive Plans

Benzinga ·  Dec 13 03:04

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.

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