Examples of Novo Mercado Regulations in a sentence
Sole Paragraph – Upon the Company’s admission to the B3 S.A. – Brasil, Bolsa, Balcão (“B3”) Novo Mercado, the Company, and its shareholders, including controlling shareholders, officers and members of the Fiscal Council, when installed, will be subject to the provisions of B3’s Novo Mercado Regulations.
At least 20% (twenty percent) of the members of the Board must be independent, as defined in the Novo Mercado Regulations.
Any situations not addressed in these Corporate Bylaws shall be resolved by the General Shareholders’ Meeting and regulated by the Brazilian Corporate Law, pursuant to the provision in the Novo Mercado Regulations.
Sole Paragraph – With the admission of the Company in the Novo Mercado of B3 S.A.– Brasil Bolsa, Balcão (“B3”), the Company, its shareholders, including its controlling shareholders, managers and audit board members, when installed, are subject to the Novo Mercado Regulations of the B3 (“Novo Mercado Rules”).
With the Company's entry to the B3 S.A. – Brasil, Bolsa, Balcão ("B3") Novo Mercado, the Company and its shareholders, including controlling shareholders, officers and members of the Fiscal Council, when installed, are subject to the provisions of B3’s Novo Mercado Regulations.
The new Board of Directors elected at the Extraordinary General Meeting referred to in the caput and § 1 of this Article shall remedy the noncompliance with the obligations under the Novo Mercado Regulations within the shortest term as possible or within new term granted by B3 for this purpose, whichever is smaller.
In the event there is no Controlling Shareholder and the Company’s delisting from the Novo Mercado referred to in the caput is due to Management act of fact, the Company’s Management shall call for a Shareholders’ Meeting, whose Agenda shall resolve on how to remedy the failure to comply with obligations provided for in the Novo Mercado Regulations or, where applicable, to resolve on the Company’s delisting from the Novo Mercado.
For purposes of these Bylaws and especially in this Chapter, the expressions in capital letters shall have the same meaning as those ascribed in the Novo Mercado Regulations.
In the event that there is no Controlling shareholder and B3 suspends the Company from Novo Mercado due to non-compliance with the obligations set forth in Novo Mercado Regulations, the Chairman of the Board of Directors shall call, within two (2) days after the suspension, only counting days when newspapers, usually used by the Company, are in circulation, an Extraordinary General Meeting to replace the entire Board of Directors.
The Company is delisted from the Novo Mercado due to non-compliance with the obligations set forth in the Novo Mercado Regulations is subject to a Tender Offer with the same characteristics as a Tender Offer as a result of voluntary delisting from the Novo Mercado.