LPS Brasil - Consultoria de Imoveis SA : NOTICE TO THE MARKET ACQUISITION OF RELEVANT OWNERSHIP INTEREST
December 16, 2013 at 05:32 pm EST
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São Paulo, December 16, 2013 - LPS Brasil - Consultoria de Imóveis S.A. (BM&FBovespa: LPSB3), provider of integrated real estate brokerage, consulting and financing services in Brazil, pursuant to Article 12 of CVM Instruction 358/2002, as amended, hereby informs that it has received a correspondence from JPMorgan Asset Management Holdings Inc. ("JPMAMH"), notifying that based on the capital stock of the Company represented by one hundred and fourteen million, three hundred and eighty-one thousand, seven hundred and sixteen (114,381,716) ordinary shares, has acquired a relevant ownership interest of 5.31% (five point thirty-one percent) of the outstanding shares issued by the Company.
According to the document this change is motivated by an exclusive investment decision, not seeking to alter the ownership control or management structure of the company or its regular operations.
The Company's Investor Relations Department is at shareholders' disposal to clarify any matters relating to the purpose of this Notice through telephone number +55 11 3067-0520/0312/0242 or ri@lopes.com.br.
LPS Brasil - Consultoria de Imoveis SA (LPS Brasil) is a Brazil-based company engaged in the provision of real estate services. The Companyâs main activities include intermediation services in purchase and sale of real estate properties, real estate consultancy and technical advice. The Company is also involved in the operation and promotion of financial products and services in the real estate market. LPS Brasil divides its business into three sectors: Primary Market, engaged in the sale of new properties; Secondary Market, active in the resale of real estate, and Financing Promotion, involved in the promotion and provision of financial products and services related to the real estate brokerage. As of December 31, 2011, its subsidiaries included LPS Minas Gerais Consultoria de Imoveis Ltda, LPS Eduardo, EBC - Solucoes Imobiliarias Ltda, Habitcasa Consultoria de Imoveis Ltda, and Pronto Erwin Maack Consultoria de Imoveis SA, among others.