(i) Before the disclosure to the market about act or material fact that happened to the company’s business, the trading of securities is suspended, or to them to be referenced, by the company, by the direct or indirect Controlling Shareholders, Directors, the Board Members, Finance/Audit Committee and any bodies with technical or advisory functions, created by statutory disposition, or for those that, because of their position, or post in the company, the subsidiaries, the affiliates or associated companies, have knowledge of information related to the act or material fact of the Company.
(ii) The same restriction described above (i) applies to those who have knowledge of information related to act or material fact, knowing that the information has not been disclosed to the market, especially to those that have a commercial, professional relationship or a relationship of trust with the company, such as independent auditors, security analysts, consultants and institutions that are members of the distribution system, to the which should verify regarding the disclosure of the information before trading securities issues by the company or referenced to them.
(iii) The same restriction described above (i) applies to the Administrators that withdraw from the Company before the public business disclosure or the fact initiated during the period of his administration, and this will be extended for six months after his removal.
(iv) The same restriction described above (i) will prevail whenever the intention exists of promoting incorporation, total or partial split, merge, transformation or reorganization of the Company. The period of prohibition starts on the first day when the Company decides on the intention to perform such incorporation, total or partial split, merge, transformation or reorganization (for example, call notice for general shareholders meeting, minutes of board of directors meeting, managing meetings, among others).
(v) The same restriction described above (i) will prevail in relation to the Controlling Shareholders, direct or indirect, Directors and Board Members, whenever an acquisition or alienation of shares issued by the company, by the subsidiaries, or if there has been granted an option or mandate for the same purpose.
(vi) Also the restricted trading period is effected for the people describe above (i) during the period that comprises any decision of the Board of Directors and the date of publishing of notices and announcements related to: (i) any form of capital increase, including share grouping or split, (ii) dividends distribution; (iii) bonification.
(vii) Also the restricted trading period is effectedfor the people describe above (i) during the period of 15 (fifteen) days before the disclosure of quarterly information (ITR) and annual information (DFP) of the Company.
The aforementioned prohibitions (i) to (iv) will cease to have any power as soon as the Company publishes the material fact to the market, except if the trading of shares can interfere in the conditions of the referred business, damaging the Shareholders or the Company itself.
The foreseen restrictions are not applied in the following cases:
(i) The restriction described in item (i) do not apply in the acquisition of shares that are in treasury, by way of a private trading, due to the exercise of purchase option in agreement with the plan that grants the option of the purchase of shares as approved in shareholders general meeting.
(ii) The restrictions described in items (i) to (iv) do not apply in the trading carried out by the Company, by the Controlling Shareholder, direct or indirect, Directors, Board Members, Financial/Audit Committee and any other bodies with technical or advisory functions created by statutory disposition, according to the approved policy of trading.
(iii) If any agreement or contract has been signed that seeks the transfer of the respective stock control, or if it has been granted the option or mandate for this purpose, as well as the intention exists of promoting incorporation, total or partial split, merge, transformation or reorganization of the company; and while the operation is not declared public through the publication of amaterial relevant, the board members of the company cannot decide on the acquisition or the alienation of shares issued by Company.
The Director of Investors Relations may, regardless of the justification or the existence of an act or material fact not yet disclosed, establish periods in which the people describe above will not be able to negotiate securities issued by the Company, or to them referenced. These people shall keep secrecy over such periods.