CVM accepts Term of Commitment with Sendas Distribuidora SA executive

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Summary:

The Collegiate Board of the Brazilian Securities Commission (CVM) analyzed a proposal for a Compromise Agreement submitted by Gabrielle Castelo Branco Helu, Director of Investor Relations at Sendas Distributor Corporation, in a meeting held on January 23, 2024. The proposal related to Administrative Procedure No. CVM 19957.009202/2023-41, which was initiated by the Superintendent of Company Relations (SEP) to investigate alleged misinformation that may have induced investors into error. The information in question was related to a statement made by the Director stating that the company was considering a public primary distribution offering to institutional investors, which was later denied through a market announcement. The Procurator Federal Specialized alongside the Autarky (PFE-CVM) concluded that there was no legal impediment to the agreement, and the Compromise Agreement Committee accepted the proposal with the commitment to pay R$340,000.00 to the CVM. The Collegiate Board of the CVM subsequently accepted the compromise agreement proposal.