Deliver Your News to the World

Vale informs decrease of relevant shareholding ownership

Rio de Janeiro – WEBWIRE

Vale S.A (“Vale”) hereby informs that it was made aware on this date, pursuant to Article 12, caput, of Rulling 358 of 01/03/2002, issued by the Brazilian Securities Commission (“CVM”), as subsequently amended, that Litel Participações S.A. (“Litel”), publicly-held corporation, headquartered at Rua da Assembleia, no 10, 37 floor - 3701 – Centro, Rio de Janeiro, RJ, registered with the CNPJ/MF under no 00.743.065/0001-27, decreased the number of common shares issued by Vale by 95,167,645 common shares and now manages a total of 883,579,219, representing 17.23% of this class of share.

Litel also stated that: (i) the referred shares are not binded to Vale’s Shareholders’ Agreement and were transferred to Litel’s shareholders as payment of interest on equity and dividends; and (ii) clarifies that it has no interest in changing the shareholder control composition or the administrative structure of Vale.


This press release may include statements that present Vale’s expectations about future events or results. All statements, when based upon expectations about the future, involve various risks and uncertainties. Vale cannot guarantee that such statements will prove correct. These risks and uncertainties include factors related to the following: (a) the countries where we operate, especially Brazil and Canada; (b) the global economy; (c) the capital markets; (d) the mining and metals prices and their dependence on global industrial production, which is cyclical by nature; and (e) global competition in the markets in which Vale operates. To obtain further information on factors that may lead to results different from those forecast by Vale, please consult the reports Vale files with the U.S. Securities and Exchange Commission (SEC), the Brazilian Comissão de Valores Mobiliários (CVM), and the French Autorité des Marchés Financiers (AMF), and in particular the factors discussed under “Forward-Looking Statements” and “Risk Factors” in Vale’s annual report on Form 20-F.

( Press Release Image: )


This news content was configured by WebWire editorial staff. Linking is permitted.

News Release Distribution and Press Release Distribution Services Provided by WebWire.