INFORMATION ON CAPITAL INCREASE DUE TO THE COMPANY’S STOCK OPTION PLAN APPROVED BY THE BOARD OF DIRECTORS IN MEETING HELD ON MAY 9th, 2016
In compliance with article 30 of CVM Rule No 480/09, as amended, the Company hereby provides the information required in the Exhibit 30-XXXII of such Rule, regarding the capital increase approved by the Company’s board of directors on May 9th, 2016, due to the exercise of stock options granted to certain employees under the Company’s stock option plans, as follows:
1. Date of the shareholders meeting in which the stock option plan was approved
On May 9, 2014 our shareholders approved, in an Extraordinary Shareholders Meeting (i) discontinuing the Stock Option Plan “Ações com Açúcar” (“Former Stock Option Plan”), which had been approved in an Extraordinary Shareholders Meeting held on December 20, 2006, regarding the granting of new stock options, without prejudice to stock options already granted which remained in force under the same terms and conditions; (ii) the creation of a Stock Option Plan and its standard option agreement (“Stock Option Plan”); and (iii) the creation of a Compensation in Stock Option Plan and its standard option agreement (“Compensation Plan”, alongside with the Old Stock Option Plan and the Stock Option Plan, the “Plans”). The Stock Option Plan and the Compensation Plan had amendments to them approved at the Annual and Special General Meeting held on April 24th, 2015. All shares issued in the capital increase approved herein derive from the Plans.
2. Amount of the capital increase and new capital stock
The approved capital increase is of R$ 459,096.14 (four hundred fifty-nine thousand ninety-six Brazilian Reais and fourteen cents).
The Company’s capital stock after the increase sums up to the total amount of R$6,806,934,033.09 (six billion eight hundred six million nine hundred thirty-four thousand thirty-three Brazilian Reais and nine cents).
3. Number of shares issued of each type and class
This capital increase comprises the issuance of twelve thousand two hundred and twenty-two (12,222) preferred shares.
4. Issuance price of the new shares
(i) exercise of series A6 Silver: R$ 64.13
(ii) exercise of series A6 Gold: R$ 0.01
(iii) exercise of series A7 Silver: R$ 80.00
(iv) exercise of series A7 Gold: R$ 0.01
(v) exercise of series B1: R$ 0.01
(vi) exercise of series B2: R$ 0.01
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