The Company’s Shares are listed for trading in the BOVESPA under the symbol “EQTL3”. Equatorial Energia has entered into an agreement with the BOVESPA to list its Units in the “Novo Mercado” of the differentiated corporate governance practices.
Novo Mercado (New Market) is a listing segment aimed at trading shares issued by Companies that have voluntarily committed to corporate governance practices beyond those required by law.
The basic premise of Novo Mercado is that share price appreciation and liquidity will be positively influenced by the security of additional rights granted to shareholders and by the quality of the information provided by the companies.
A Company becomes part of the Novo Mercado by signing an agreement, which implies the adherence to a set of corporate rules, generally called “corporate governance best practices”, that are more rigorous than those provided for under Brazilian law. These rules are set forth on the Novo Mercado’s Listing Regulation, including broadening shareholders’ rights, improving the quality of information typically provided by companies, as well as share dilution protection. When corporate conflicts are settled through an Arbitration Chamber, these rules provide investors with the security arising from a more agile and specialized alternative.
As a participant in the Novo Mercado, Equatorial Energia has the following obligations:
- The Company’s capital stock must be comprised exclusively by common shares;
- Extend to all shareholders the same conditions obtained by the controlling shareholders if the Company’s ownership is sold (tag along);
- To install a Compliance Department within the Company and a Compliance Committee;
- Should the Company exit the Novo Mercado, it must hold a tender offer to acquire shares and, at least, 1/3 of the holders must accept the offer or agree with the segment exit;
- The Board of Directors must have at least 2 or 20% of independente officer, whichever is bigger, with a 2 year term, at most;
- Maintain public float of shares outstanding representing at least twenty-five percent (25%) of the Company’s capital stock, of 15%, should the average daily trading volume be above R$ 25 million;
- To structure and to publish a rating process of the Board of Directors, its committees and the Board of Executives;
- To create and to publish policies for: (i) compensation; (ii) pointing of Board of Directors, its committees and Board of Executives; (iii) risk management; (iv) related-parties agreement clauses;
- Simultaneous disclosure in Portuguese and English of Material Facts, Information on Dividends and Results Release;
- Disclose trading of securities and derivatives issued by the Company on behalf of controlling shareholders.
In addition to being present in the Listing Regulation, some of these commitments shall be approved at Annual general meetings and included in the Company’s Bylaws.
All Equatorial Energia’s material facts, earnings results and other notices to the market are published simultaneously at CVM/Bovespa and at the investor relations area of the Company’s website (http://www.equatorialenergia.com.br), and sent later by email to persons registered to receive this information.
Complete financial statements are published annually on the newspapers “Valor Econômico” and “Diário Oficial do Estado do Maranhão”. Quarterly financial statements, press releases, presentations, material facts and notices to shareholders are available in the investor relations area of Equatorial Energia’s website (http://www.equatorialenergia.com.br). Other information about the Company also may be obtained on the website of São Paulo Stock Exchange (www.bmfbovespa.com.br) and at the Securities and Exchange Commission of Brazil – CVM (www.cvm.gov.br).
Prior to contacting a Brokerage Firm, we suggest you to study the subject at B3’s website. The next step is to contact a Broker. These firms and other financial agents rely on professionals who analyze markets, sectors and companies. They can provide you with guidance relative to the right moment for purchasing and selling certain shares in order to achieve better results.
You can also trade shares over the Internet. To do so, you must be a client of a Brokerage Firm that participates in the Home Broker system, allowing you to trade shares over the Internet.
Since 2012, Equatorial Energia does not have a controlling shareholder, since there is no shareholders owning more than 50% of its total and voting capital stock, nor there is any Shareholders’ Agreement. The Company’s management happens through its Board of Directors, of which most member are independent and are appointed by the General Meeting every 2 years.
Dividends and Interest on Equity are paid by Banco Itaú, through deposit in current account or mail payment order sent from Itaú to the shareholders. Should there be any problem with the data, the resources are available for shareholders for 3 years, as from the payment date, after which, the credit expires.
Leonardo da Silva Lucas Tavares de Lima
Investor Relations and Financial Strategy Superintendent
Equatorial Energia S.A. Setor Comercial Sul Q. 9, Torre A, Edifício Parque Cidade Corporate, Bloco A – 12º andar. Asa Sul
CEP 70308-200 | Brasília-DF
Phone: +0 XX (61) 3426 1000