FAQ
The Company’s shares are listed for trading in the Brazilian stock exchange (B3) under the symbol “DIRR3”. Direcional’s shares are listed in the “Novo Mercado” segment, the highest level of differentiated corporate governance practices.
Banco Itaú is responsible for handling our share registration, including issuing Income Statements. These statements are available exclusively through the Digital Correspondence platform (www.correspondenciasdigitais.com.br).
For any questions, please contact investor services:
(+55 11) 3003-9285 (capital cities and metropolitan areas)
0800 720 9285 (other locations)
Available on business days from 9 a.m. to 6 p.m. (BRT).
Direcional’s capital stock consists of nominal common shares without par value only. Pursuant to its By-laws, the holder of each common share has the right to one vote in each shareholders’ meeting. Except as provided for in the Brazilian Corporation Law, holders of the Company’s common shares have preemptive rights in connection with capital increases, proportionally to their holdings.
Holders of Direcional’s common shares are entitled to dividends and other distributions. Under the rules and regulations of the Novo Mercado, the Company’s common shares have the right to be included in a public tender offer of shares in case of sale of its control, at the same terms and conditions offered to the shares of its controlling shareholders.
Under the Brazilian Corporation Law, neither Direcional’s By-laws nor actions taken at a shareholders‘ meeting may deprive any of its shareholders of certain rights, including:
- The right to participate in the distribution of profits;
- The right to participate in any remaining residual assets in the event of Direcional’s liquidation, in proportion to their respective interests in its share capital;
- The right to supervise the management of its business, as specified in the Brazilian Corporation Law;
- Preemptive rights in the subscription of its common shares, debentures convertible into its common shares or warrants, except under circumstances specified in the Brazilian Corporation Law; and
- The right of withdrawal in the cases set forth under Brazilian Corporation Law.
Each purchaser of Direcional common shares in the United States will be deemed to have agreed not to deposit such common shares into an unrestricted global depositary receipt facility for as long as those shares are “restricted securities” within the meaning of Rule 144 under the Securities Act and to have represented and agreed as follows:
The purchaser: (i) is a qualified institutional buyer and is aware that the sale of Direcional common shares to it is being made in reliance on exemptions from the registration requirements of the Securities Act and such acquisition will be for its own account or for the account of a qualified institutional buyer; or (ii) a person who, at the time the buy order for the common shares was originated, was outside the United States and was not a U.S. person (and was not purchasing for the account or benefit of a U.S. person) within the meaning of Regulation S under the Securities Act;
In making its decision to purchase the common shares, the purchaser: (i) has made its own investment decision regarding the common shares based on its own knowledge; (ii) has had access to such information as it deems necessary or appropriate in connection with its purchase of the common shares; and (iii) has sufficient knowledge and experience in financial and business matters and expertise in assessing credit, market and all other relevant risk and is capable of evaluating, and has evaluated independently, the merits, risks and suitability of purchasing the common shares; and
Direcional common shares have not been, nor will they be, registered under the Securities Act and may not be re-offered, resold, pledged or otherwise transferred except: (i) (a) to a person who the purchaser reasonably believes is a qualified institutional buyer in a transaction meeting the requirements of Rule 144A, (b) outside the United States in a transaction complying with Rule 903 or Rule 904 of Regulation S or (c) pursuant to an exemption from registration under the Securities Act provided by Rule 144 thereunder (if available); and (ii) in accordance with all applicable securities laws of the states of the United States.
The investors residing outside Brazil, including institutional investors, are authorized to acquire securities, including Direcional shares, at the Brazilian stock exchange (B3), as long as they comply with the register requirements under Resolution nº 2,689 and CVM Instruction nº 325, of January 27th, 2000, and amendments.
The investors registered under Resolution nº 2,689, except for certain circumstances, may carry out any type of transaction in the Brazilian capital market involving a security traded in the stock exchange, futures market or organized over-the-counter market. The investments in and remittances of, outside Brazil, earnings, dividends, profits or other payments related to Direcional shares are carried out through the foreign exchange market.
To become an investor registered under the provisions of Resolution nº 2,689, an investor residing outside Brazil shall:
– Appoint representative in Brazil, with powers to perform actions relating to its investment;
– Appoint an authorized custodian in Brazil for its investment under Resolution nº 2,689, which must be a financial institution duly authorized by the BACEN and CVM; and
– Through its representative, register as a non-Brazilian investor with the CVM and register the investment with the BACEN.
Securities and other financial assets held by non-Brazilian investors pursuant to CMN Resolution no 2,689 must be registered or maintained in deposit accounts or under the custody of an entity duly licensed by the BACEN or the CVM. In addition, securities trading is restricted to transactions carried out in the stock exchange or through organized over-the-counter markets licensed by the CVM.
All material facts, earnings announcements, and other market communications from Direcional are disclosed simultaneously on the CVM/B3 platform and the Company’s Investor Relations website. They are also subsequently sent by email to individuals who have registered to receive these updates. To subscribe, click on “Register/Mailing List” in the Investor Services menu or the “Subscribe to mailing list” button on the homepage of the IR site.
In addition to press releases, presentations, material facts, and shareholder notices, the IR website also offers quarterly financial statements (in the Financial Information menu, under the Results Center page). Additionally, the Company’s complete financial statements are published annually in the Hoje em Dia newspaper.
Further information about the Company can also be found on the São Paulo Stock Exchange (www.b3.com.br) and the Securities and Exchange Commission (www.gov.br/cvm) websites.
Direcional is committed to sustainable growth, maintaining a focus on socio-environmental impacts and best practices in corporate governance. The company views the ESG agenda as an evolving journey, with a commitment to continuously seek positive impacts from its activities while keeping society’s broader needs in mind.
Since 2021, Direcional has published its Annual Sustainability Report, following the guidelines of the Global Reporting Initiative (GRI) and the sector requirements of the Sustainability Accounting Standards Board (SASB). Click here to access.
Direcional Engenharia S/A
Rua dos Otoni, 177, Santa Efigênia, Belo Horizonte, Minas Gerais, Brazil, 30.150-270.
Tel: (+55 31) 3431-5512
Website: ri.direcional.com.br
E-mail: [email protected]
Any questions not related to analysts and investors must be directed to Direcional’s Contact Form.
Shareholder services are provided at any branch of Itaú Unibanco S.A.
For any questions, guidance, or additional requests, shareholders can contact Itaú on business days, from 9:00 a.m. to 6:00 p.m. (BRT), via the following phone numbers and emails:
(+55 11) 3003.9285 (WhatsApp)
(+55 11) 3003.9285 (Capital Cities and Metropolitan Regions – Brazil)
0800.720.9285 (For other locations – Brazil)
Asset registration – Itau Securities Services