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Totvs SA (TOTS3.SA)

TOTS3.SA on Sao Paolo Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Totvs to sell outsourcing services unit to Propay SA
Wednesday, 3 Aug 2016 07:39am EDT 

Totvs SA : Said on Tuesday that it had reached an agreement to sell 100 percent of Totvs Resultados em Outsourcing Ltda (Totvs RO) to Propay SA for 5.3 million Brazilian reais ($1.6 million) . The Agreement also establishes payment of an additional variable amount of up to 5.3 million reais adjusted by Selic rate, to be paid in 36 months and according to certain goals set for the client base of Totvs RO until July 31, 2017 .Totvs RO is engaged in providing services of Human Resources Business Process Outsourcing.  Full Article

Totvs announces H1 own capital interest payment
Tuesday, 2 Aug 2016 12:41pm EDT 

Totvs SA : Said on Monday that its board of directors had approved own capital interest payment for H1 2016, in the total amount of 43.6 million Brazilian reais ($13.4 million), corresponding to 0.2679 real per share . Record date is Aug. 4 . Shares to be traded ex-interest as of Aug. 5 .Payment on Aug 24.  Full Article

Totvs SA proposes dividend payment
Thursday, 17 Mar 2016 09:37am EDT 

Totvs SA:Announces proposal of dividend payment, ad referendum of General Meeting, in the total amount of 66.6 million Brazilian reais, corresponding to 0.4074 real per share.Says record date is April 26 and shares will be traded ex-dividend as of April 27.Says payment to be done on May 11.  Full Article

Totvs SA receives approval for merger of Bematech
Thursday, 22 Oct 2015 12:14pm EDT 

Totvs SA:Says Administrative Council of Economic Defense has approved the merger of Bematech SA's shares by Makira II Empreendimentos e Participacoes SA (Makira II), followed by the merger of Makira II by the company, therefore it becomes possible to complete the operation.Says none of the shareholders exercised withdrawal rights, therefore no refund to be paid.Says Bematech SA's shareholders per each share will receive 15 ordinary and 85 redeemable preferential shares of Makira II.Says Makira II will issue 4,999,087,000 shares, including 749,863,050 ordinary shares and 4,249,223,950 redeemable preferential shares.Says redeemable preferential shares issued by Makira II will be seen as redeemed immediately after issuing.Says subsequently, each ordinary share of Makira II will be replaced by 0.002894737 ordinary shares of the company (which corresponds to 0.043421048 company’s shares per each Bematech SA share), resulting in issuing of a total of 2,170,656 company’s shares.Says shareholders of Bematech SA will become shareholders of TOTVS as of Oct. 28, 2015.Says as a successor of Makira II, will pay on Nov. 10, 2015 to ex-shareholders of Bematech 0.11 Brazilian reals as a redeem per each redeemable share of Makira II.Says each redeemable share of Makira II corresponds to 9.35 Brazilian reals per each Bematech share, corrected by a 100 pct daily interbank interest rate, expressed in a yearly percentage.  Full Article

Harris Associates LP reaches 5 pct stake in Totvs SA
Friday, 11 Sep 2015 09:38am EDT 

Totvs SA:Says that Harris Associates LP has reached a 5 percent stake in the company.  Full Article

Totvs SA announces merger by incorporation of Bematech SA
Monday, 17 Aug 2015 07:43am EDT 

Totvs SA:Says that it entered into a protocol and justification of the merger of Bematech SA's shares by its wholly owned unit Makira II Empreendimentos e Participacoes SA (Makira II), followed by the merger of Makira II by the company.As consequence of the operation, the company will take over all the shares of Bematech SA and Bematech will become company's unit.Estimated cost of the reorganization of 10 million Brazilian reais.  Full Article

Totvs SA announces H1 2015 own capital interest payment
Monday, 27 Jul 2015 04:57pm EDT 

Totvs SA:Says on July 27 it approved payment of own capital interests for the first half of 2015 fiscal year in the amount of 29.2 million Brazilian reais, corresponding to 0.18 reais per share, to be imputed to the obligatory minimum dividend.Record date Aug. 3.Payment date Aug. 19.Shares will be traded ex-interests as of Aug. 4.  Full Article

Totvs SA announces Rodrigo Kede Lima as new president
Monday, 15 Jun 2015 07:38am EDT 

Totvs SA:Says that it has elected Rodrigo Kede Lima to the position of president replacing Laercio Cosentino.This decision comes in accordance to the succession plan for Laercio Cosentino, founder of the company, who will continue as chief executive officer (CEO) for a transitional period of up to three years.  Full Article

Totvs SA acquires remaining 40 pct stake in TOTVS Solucoes em Agroindustria SA and P2RX Solucoes em Software SA
Tuesday, 12 May 2015 08:35am EDT 

Totvs SA:Says it acquired the remaining 40 percent stake in TOTVS Solucoes em Agroindustria SA and P2RX Solucoes em Software SA for 8.8 million Brazilian reais.Deal in accordance with the sale and purchase contract signed on April 18, 2013.Company holds now 100 percent stake in both companies.  Full Article

Totvs SA announces subsidiary's sale of equity stake in uMov.me Tecnologia
Monday, 6 Apr 2015 08:50am EDT 

Totvs SA:Says that on April 2, its subsidiary Totvs Ventures Participacoes Ltda signed an agreement to sell its 20 pct stake in uMov.me Tecnologia SA to the founding shareholders of the company.Deal price of 1.6 million Brazilian reais.  Full Article

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