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RIO DE JANEIRO, Brazil (Map) -
To meet the special requirements of the Novo Mercado, the Company amended its Bylaws in several items, including the conversion of all its shares into common shares with voting rights. Other recent initiatives were the settlement of a permanent Fiscal Council, which will monitor the Company's accounts and revise its financial statements, and the implementation of a stock option program for the Company's executives.
"Migration to the Novo Mercado represents another important step in the
turnaround process carried out over the past few years and shows the Company's
commitment to the best corporate governance practices," said Mr.
Investor Relations Carlos Lacerda Tel: + 55 (21) 2433 9789 Fernando Santino Tel: +55 (21) 2433 9790 Matheus Guimaraes Tel: +55 (21) 2433 9791 ri@estacioparticipacoes.com http://www.estacioparticipacoes.com/ir
About Estacio Participacoes
Estacio Participacoes S.A. (BOVESPA: ESTC3), the largest private
post-secondary education institution in
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