Log in
Lost password
Become a member for free
Sign up
Sign up
Dynamic quotes 

4-Traders Homepage  >  Equities  >  BOLSA DE VALORES DE SAO PAULO  >  Brasil Insurance Participacs Admnstrc SA    BRIN3   BRBRINACNOR3

News SummaryMost relevantAll newsSector news 

Brasil Insurance Participacs Admnstrc SA : Notice to the Market - MFS correspondence

03/09/2013 | 04:05am US/Eastern


Brasil Insurance Participações e Administração S.A. ("Company"), a publicly held company with common shares traded on the Novo Mercado of the Bovespa under the ticker BRIN3,in accordance with the terms of CVM Rule 358/2002 and amendments thereof, hereby informs its shareholders and the market that it received a correspondence from MFS Investment Management ("Manager") informing the Company that, as of March 05, 2013 ("Reference Date"), the Manager held in custody 4,852,720 (four million, eight hundred fifty two thousand and seven hundred twenty) common shares of the Company, equivalent to approximately 5.00% of the Company´s common shares issued at this time.

MFS, which is registered with the U.S Securities and Exchange Commission as an investment adviser, and acts on behalf of several clients, included pooled vehicles and mutual funds with non-affiliated investors, (a) states that this interest in the Company's shares (i) does not aim at, or result in, any modification in the Company's controlling composition or managerial structure, (ii) is for investment purposes, and (iii) may be increased or decreased by MFS in accordance with its investments objectives; (b) does not hold, either directly or through related parties, any other warranties, subscriptions rights or purchase options related to the Company's shares or share-convertible debentures, nor any other title entitling rights to the Company's shares; (c) states that neither it nor any of the underlying beneficial owners for whom MFS acquired the shares, individually holds the Company's outstanding shares, or rights thereon which involves a percentage equal to or in excess of 5%; and (d) has not entered into any agreement governing the exercise of voting rights or the purchase and sale of the Company's securities.

Rio de Janeiro, March 08, 2013

Luis Eduardo Fischman
CFO and Investor Relations Officer

About Brasil Insurance:
Brasil Insurance is a company comprised of more than 40 Brokerages, with Brokerage Partners with extensive experience and a long history of operations on the insurance brokerage and/or insurer markets, averaging 20 years on these markets. The Brokerages sell a wide range of products, including health and dental plans, automobile insurance, fleet insurance, large risks, insurance guarantees, civil liability, engineering risk, transportation and others, and is present in more than ten Brazilian states through 30 offices, serving customers throughout the country.

distributed by
React to this article
01/11 BRASIL INSURANCE PARTICIPACS ADMNSTR : Call Notice for the Extraordinary Shareho..
01/11 BRASIL INSURANCE PARTICIPACS ADMNSTR : Management Proposal for the 01/26/2016 Ex..
2015 BRASIL INSURANCE PARTICIPACS ADMNSTR : Notice to the Market - Acquisition of equ..
2015 BRASIL INSURANCE PARTICIPACS ADMNSTR : Change in the Public Meeting date
2015 BRASIL INSURANCE PARTICIPACS ADMNSTR : announces its 3Q15 Financial Results
2015 BRASIL INSURANCE PARTICIPACS ADMNSTR : 3Q15 Earnings Release and Conference Call..
2015 BRASIL INSURANCE PARTICIPACS ADMNSTR : announces its 2Q15 Financial Results
2015 BRASIL INSURANCE PARTICIPACS ADMNSTR : Material Fact - Information on strategic ..
2015 BRASIL INSURANCE PARTICIPACS ADMNSTR : 2Q15 Earnings Release and Conference Call..
2015 BRASIL INSURANCE PARTICIPACS ADMNSTR : Acquires 99.98% Stake in Rd3 Consultoria ..
News chart
Full-screen chart
Income Statement Evolution
More Financials