Kroton Educacional : Notice to the Market - Fulfillment of additional targets regarding the sale of UNIASSELVI
April 11, 2016 at 02:32 pm EDT
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Notice to the Market
Belo Horizonte, April 11, 2016 - Kroton Educacional S.A. ('Kroton' or 'Company' - (BM&FBovespa: KROT3; OTCQX: KROTY), in compliance with CVM Instruction 358/2002, as amended and in reference to the divestment of the UNIASSELVI Group announced through the Material Fact notices dated October 26, 2015 and February 29, 2016, announces to its shareholders and the market that, with regard to the additional price of up to R$255 million to which Kroton is entitled once all financial and operating targets established in the contract are fulfilled, Kroton recently fulfilled part of these targets, which will entitle it to receive a portion of the additional price in the approximate amount of R$86 million, to be paid in annual installments from 2018 to 2022, restated by the variation in the IPCA index until the payment date of the respective installment. Kroton is making dedicated efforts to fulfill the remaining targets and will keep its shareholders and the general market informed of any developments regarding the matters announced herein.
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For more information, please contact our investor relations department:
Carlos Lazar - Director
Carolina Igi - Coordinator
Pedro Gomes - Coordinator
Kroton Educacional SA issued this content on 11 April 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 11 April 2016 18:31:30 UTC
Original Document: http://ri.kroton.com.br/kroton2010/web/conteudo_en.asp?idioma=1&tipo=32840&conta=44&id=224654
Cogna Educacao SA, formerly Kroton Educacional SA, is a Brazil-based company active in the private education sector. The Company focuses on developing primary and secondary schools, post-secondary and undergraduate programs, as well as vocational courses. The Company's activities are divided into three business segments: In-class higher education, which offers port-secondary programs on campus; Distance learning higher education (EAD), which provides port-secondary programs via online platform, and Basic education, which includes own and managed primary schools, collection and development of teaching materials, school management advisory, as well as educational support tools, among others. The Company operates a number of brand names, such as Anhanguera, Fama, Pitagoras, Unic, Unime and Unopar. In addition, it is involved in the wholesale, retail, distribution, import and export of textbooks, course books, magazines and other publications related to education.
COGNA EDUCAÇÃO 
