FAQ

What are the business units that GPA operates?

GPA maintains a multiformat structure that allows the company to meet the needs of consumers from different regions and social and economic classes, with a balance between supermarkets (Pão de Açúcar and Extra Supermercado), hypermarkets (Extra Hiper), neighborhood stores (Minimercado Extra), cash-and-carry (Assaí), gas stations and drugstores, in addition to electronics stores (Ponto Frio and Casas Bahia) and e-commerce operations (Extra.com.br, PontoFrio.com.br, and CasasBahia.com.br,). Read more.

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How and where does GPA release information?

All the material and relevant facts, announcements of results and other communications with the market, GPA releases simultaneously on the CVM/Bovespa, the Securities and Exchange Commission (SEC), and on the Company’s Investor Relations website (www.gpari.com.br), as well as later by email to the people that have registered to receive this information.

The complete financial statements are published annually in the Official Federal Gazette of São Paulo State and in a vehicle with a large national circulation. Quarterly financial reports, press releases, presentations, relevant facts and warnings to shareholders are available in the Investor Relations area on the Group’s website (www.gpari.com.br). Other information about the Company can also be obtained on the sites of the São Paulo Stock Exchange (www.bmfbovespa.com.br), the Brazilian Securities and Exchange Commission (www.cvm.gov.br) and the SEC (www.sec.gov).

Furthermore, you can register to receive our E-mail Alerts on the GPA site, to be sent the periodical information released by the Company to the market.

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How often does the Group release financial information?

GPA releases its quarterly results (ITR and quarterly results), based on Brazilian accounting practices (BR GAAP), and its annual results (DFP and 20F), with the latter, in accordance with U.S. legislation, released according to U.S. accounting standards (US GAAP).

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How can I get in touch with the Company’s Investor Relations department?

For information on investments in GPA and Viavarejo‘s shares, click here or contact us by phone: +55 11 3886-0421 or by e-mail: gpa.ri@gpabr.com.

For other information, click here or contact us by phone: +55 11 3886-0533.

Daniela Sabbag

Isabela Cadenassi

Victor Manuel Diaz Silvera

Sarah Lahaliyed Hatia

Matheus Fujisawa

Investor Relations Office
Av. Brigadeiro Luís Antônio, 3142
Jardim Paulista ZIP Code 01402-901
São Paulo SP Brazil

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What is GPA dividends policy?

On July 3, 2009, the Board of Directors of CBD approved the adoption of a new dividend policy by the Company, which consists of quarterly payment of interim dividends upon approval by the Board of Directors ad referendum the Annual Shareholders‘ Meeting, pursuant to Paragraph 3, Article 35, of the Company’s By-laws. Our shareholders have the right to receive obligatory dividends annually the equivalent of 25% of our adjusted net income, which is the net income adjusted for: the amounts destined for the legal profit reserve; the reserve for contingencies and additions such as the reversal in reserves of contingencies made in previous financial periods; amounts destined for the statutory reserve, if there is one; of the realizable profit reserve; the accumulated profit reserve; and reversals of amounts destined for the realizable profit reserve, when realized and not absorbed by losses. The mandatory dividend payment can be limited to the net income in a financial period reported in a fiscal year, as long as the difference is registered in the realizable profit reserve.

Preference shares have the right to: priority in receiving a minimum annual non-cumulative preferential dividend of R$0.075 per share; with priority to capital reimbursement, with no premium, in the event of liquidation; participation in equivalent terms as ordinary shares in the distribution of bonus share issues, results of the capitalization of accumulated profit reserves; and the receipt of obligatory dividend of more than 10% of the dividend paid to each ordinary shareholder, including, for the purposes of this calculation, the sum of the total dividend paid to preference shares, the aforementioned non-cumulative amount paid as minimum dividends to preference shares. read more. Read More.

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Where are shares in GPA traded?

Shares in GPA are registered to trade on the Bovespa under the ticker symbol "PCAR4", and are classified at Level I of Corporate Governance on the Bovespa, and in the NYSE - New York Stock Exchange, under the ticker code "CBD", as ADRs.

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How can I invest in shares?

According to the CMN (Brazilian Monetary Council) Resolution 2689, since international investors are not established or resident in the country, it is necessary to hire an institution to act as:

Legal Representative: Responsible to present all the registration information of the investor to the Brazilian Authorities. When the representative is an individual or a non-financial corporation, the investor must indicate a financial institution duly authorized by the Central Bank that will be jointly and severally responsible for the representative‘s obligation.

Fiscal Representative: Responsible for taxes and fiscal issues on behalf of the investor before the Brazilian Authorities.

Custodian Responsible: to hold updated reports and control all the assets of the international investor in segregated accounts, and provide this information anytime it is required, to the Authorities and to the investor.

Find more information about how to invest here and ll the information required for the compliance with the market rules for all the trading parties and clearing and custody agents here.

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What are GPA’s depository banks?

Brasil
Itaú Corretara de Valores S.A.
Av. Brigadeiro Faria Lima, 3400 10º floor
04538-132 - São Paulo - SP
Estados Unidos

JPMorgan

Brokers/Institutional Investors:
J.P. Morgan Depositary Receipts
4 New York Plaza, 12th Floor
New York, NY 10004
Tel: 1 (866) JPM ADRS
adr@jpmorgan.com

Individual Shareholders:
JPMorgan Chase Bank, N.A.
P.O. Box 64504
St. Paul, MN 55164-0854
Toll Free: 1 (800) 990 1135
Direct Dial: +1 (651) 453-2128
jpmorgan.adr@wellsfargo.com


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What level of Corporate Governance on the Bovespa is GPA a part of?

GPA complies with the Level 1 requirements of Corporate Governance on the Bovespa.

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What are the main requirements that companies have to fulfill to be classified at Level 1 in terms of Corporate Governance on the Bovespa?

A Level 1 Company is one that is committed, most importantly, to improving the release of information to the market; and that has a wide a base of shareholders as possible.

The main Level 1 requirements are:

  • Improve the information released, adding Quarterly Information (ITRs), among other things: consolidated financial statements and a statement of cash flow (funds flow statement).
  • Improve the information related to each financial period, adding Standardized Financial Statements (DFPs), among other things, and a statement of cash flow (funds flow statement)..
  • Improve the information provided, adding Annual Information (IANs), among other things: the quantity and characteristics of the equity issued by the company and held by the controlling groups of shareholders, members of the Board of Directors, directors and members of the Fiscal Council, as well any changes in these positions.
  • Hold public meetings with analysts and investors, at least once a year.
  • Present an annual calendar of corporate events, with the programming of these events, such as meetings, release of results etc.
  • Release the terms of the contracts signed between the company and related parties.
  • Release, on a monthly basis, the trades of shares and derivatives issued by the company by the controlling shareholders.
  • Maintain a minimum percentage of total shares in circulation (free float), representing 25% (twenty five percent) of capital stock.
  • When making public share distributions, adopt mechanisms that favor the dispersion of capital and improvement in the quality of the information contained in the respective prospectus.

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What is GPA’s shareholder structure?

The shareholder structure is updated in a periodic basis and can be found in the section on Corporate Governance.

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What are the main differences between the ON and PN shares issued by GPA?

Ordinary share (common stock): a share that gives the holder essential shareholder rights, notably participation in the Company’s results and the right to vote in Shareholders’ meetings. Each ordinary share corresponds to one vote at these AGMs. Common stock holders elect directors of the firm and thus participate in determining its policies and direction. But their claim on the firm‘s assets are subordinate to those of debenture holders, preferred stock (preference share) holders, creditors, and statutory agencies (such as tax authorities).

Preference share (preferred stock): a share that gives the holder: (a) priority in the distribution of dividends, either fixed or minimum interest income; (b) priority in capital reimbursement, with or without a premium, (c) accumulation of these preferences and advantages. Holders of preferred stock have claim over the firm‘s earnings (and assets in case of liquidation) ahead of (senior to) the claim of holders of common stock (ordinary shares) but behind (junior to) the claims of bondholders and all other creditors. Depending on the terms of the agreement under which preferred stock is issued, the degree of control of its holders over the firm‘s operations ranges from none to the same as that of the holders of common stock.