Vitru Announces New Members of its Board of Directors
17 November 2022 - 10:25PM
Vitru Limited (“Vitru”) announces that Mr. Daniel Arthur Borghi and
Mr. Felipe Samuel Argalji have been appointed as directors of
Vitru.
These appointments were made in connection with
the previously announced investment agreement (as amended,
restated, supplemented or otherwise modified in accordance with the
terms thereof, the “Investment Agreement”) entered into on
September 27, 2022 by and among Vitru, Crescera Growth Capital
Master V Fundo de Investimento em Participações Multiestratégia and
Crescera Growth Capital V Coinvestimento III Fundo de Investimento
em Participações Multiestratégia (collectively, “Crescera”),
whereby Crescera acquired 3,636,363 common shares of Vitru, which
closed on November 10, 2022. The directors have been appointed by
notice by Crescera pursuant to Vitru’s amended and articles of
association, adopted by special resolution at the extraordinary
general meeting of shareholders of Vitru held on November 16, 2022.
Other than as described in this press release, the composition of
Vitru’s board of directors remains the same.
Mr. Borghi is Co-CEO of Crescera Investimentos,
and a managing director and a member of its Executive Committee. A
partner for over 10 years, he is responsible for its Education
Private Equity practice. He was a member of the board of directors
of Afya Limited. He is also currently a member of the board of
Vertex Technologies Ltd. (Nelogica). Prior to joining Crescera
Investimentos, he was a consultant at McKinsey &Co., an
executive at Docas Participações S.A. and a partner at Finance
Ltda. He holds an electrical engineering degree from Pontifícia
Universidade Católica do Rio de Janeiro and an MBA from the Kellogg
School of Management, Northwestern University.
Mr. Argalji is a senior partner and member of
the Executive Committee of Crescera Investimentos, responsible for
investments in the Education Private Equity sector, since 2009. He
was a member of the Finance Committee of Abril Educação, a member
of the board of directors at Anima Educação and Afya Limited. He is
also currently a member of the board of AOVS Sistemas de
Informática S/A (Alura). He holds an economics degree from
IBMEC.
About Vitru
Vitru is the leading pure distance learning
education group in the postsecondary distance learning market in
Brazil. Through its invested companies, Vitru provides a complete
pedagogical ecosystem focused on hybrid distance learning
experience for undergraduates and continuing education
students.
Vitru’s mission is to democratize access to
education in Brazil through a digital ecosystem and empower every
student to create their own successful story.
Forward Looking Statements
This press release includes “forward-looking
statements” within the meaning of the U.S. federal securities laws.
Statements contained herein that are not clearly historical in
nature are forward-looking, and the words “anticipate,” “believe,”
“continues,” “expect,” “estimate,” “intend,” “project” and similar
expressions and future or conditional verbs such as “will,”
“would,” “should,” “could,” “might,” “can,” “may,” or similar
expressions are generally intended to identify forward-looking
statements. These forward-looking statements speak only as of the
date hereof and are based on Vitru’s current plans, estimates of
future events, expectations and trends that affect or may affect
our business, financial condition, results of operations, cash
flow, liquidity, prospects and the trading price of Vitru’s common
shares, and are subject to several known and unknown uncertainties
and risks, many of which are beyond Vitru’s control. As a
consequence, current plans, anticipated actions and future
financial position and results of operations may differ
significantly from those expressed in any forward-looking
statements in this press release. You are cautioned not to unduly
rely on such forward-looking statements when evaluating the
information presented. Vitru does not undertake any obligation to
update publicly or to revise any forward-looking statements after
we distribute this press release because of new information, future
events, or other factors.
Contact
Carlos Henrique Boquimpani de Freitas, Chief Financial and Investor Relations Officer
e-mail: ir@vitru.com.br
website: https://investors.vitru.com.br/
Vitru (NASDAQ:VTRU)
Historical Stock Chart
Von Jun 2024 bis Jul 2024
Vitru (NASDAQ:VTRU)
Historical Stock Chart
Von Jul 2023 bis Jul 2024