- Company’s History
- Capital Market History
Public offering of primary and secondary distribution of 735,900 shares, 320,018 new Shares issued by the Company (Primary Offering) and 415,882 Shares held by the Selling Shareholders (Secondary Offering) of R$950.00 per Share, totaling R$699,105 .000,00. The Offering was made exclusively for qualified investors.
On November 27, 2007, the Company notified the market of the hiring of Credit Suisse (Brasil) S.A. Corretora de Títulos e Valores Mobiliários as Market Maker Agent of the common shares, aiming of increasing the liquidity of these shares. The contract was valid for one year. At the time, the Company also informed that its capital was composed on that date by 1,639,732 registered, book-entry shares with no par value, of which 735,900 shares were being traded on the Novo Mercado of BM&FBovespa (44.88% free float).
On August 6, 2008, the stock split was approved, meaning that each share was represented by 100 shares. This approval resulted in the amendment of Article 5 of the Company‘s Bylaws in order to reflect the new number of shares that its capital stock is divided, which increased from 1,639,732 shares to 163,973,200 shares.
On September 18, 2008, the Company authorized the acquisition of up to 3,500,000 shares within a period of 365 days, with the goal of maximizing value generation for shareholders through an efficient capital structure management.
On October 1, 2008, the Company‘s proposed capital increase was approved with the issuance of 4,232,142 common shares valued at R$7.00, and, on November 3, 2008, the term to exercise the preference right to private subscription of these shares ended.
On June 17, 2009, the Company‘s proposed capital increase was approved with the issuance of 671,784 common shares valued at R$15.63, and, on July 20, 2009, the term to exercise the preference right to private subscription of these shares ended.
On October 14, 2009, the Company announced the closing of its share buyback program approved on September 17, 2008. During the Program, the Company acquired 511,100 common shares, representing 0.64% of outstanding common shares and 0.30% of common shares of total capital stock, to be held in treasury for subsequent sale and/or cancellation.
On November 27, 2009, the Company informed that the Market Maker Service Provision contract with Credit Suisse (Brasil) S.A. Corretora de Títulos e Valores Mobiliários was extended for one year.
On October 7, 2010, the Company notified the market that 15 shareholders, all signatories of the Company‘s Shareholders‘ Agreement, sold common shares issued by the Company, representing 6.57% (six point fifty seven percent) of the Company‘s stock capital, in an operation coordinated by Credit Suisse (Brasil) S.A. Corretora de Títulos e Valores Mobiliários through special auction held by BM&FBovespa. Negotiations have been closed at a price of R$7.90.
On December 20, 2010, the Company filed, before the Brazilian Association of Financial and Capital Market Institutions (“ANBIMA”), a registration request of a Primary Public Offering of Common Shares issued by the Company (“Shares” and “Offering”), under the terms of simplified procedure for registration of public offerings of securities, as follows: the Offering is subject to favorable conditions of the domestic and international capital markets. The Company estimates that, under the Offering, its capital stock may be initially increased up to R$200,000,000.00. Additionally, the number of Shares initially offered may, at the Company‘s discretion, be increased by new common shares issued by the Company, equivalent to 20% of the total shares initially offered. It will also be granted to the Offering’s leader coordinator the right to exercise an over-allotment option of new Company‘s common shares equivalent to up to 15% of the shares initially offered. The increase of the capital object of the Offering will be made within the authorized capital limit provided for in the Bylaws, excluding the right of first refusal and with no priority rights to current shareholders.
On February 4, 2011, the Company closed its offering of 23,962,475 shares, representing 16.3% of the Company’s capital stock on that date, all of them registered, book-entry shares with no par value, free and clear of any liens or encumbrances (“Shares”), at a price of R$7.90 per Share (“Price per Share”), totaling R$189,303,552.50, held in Brazil.
On March 9, 2012, the Company notified the market that it had signed on March 2, 2012, a Market Maker Service Provision Contract with BTG PACTUAL CORRETORA DE TÍTULOS E VALORES MOBILIÁRIOS S.A., and from March 3, 2012, the broker begins to exercise the Market Maker Agent function of the registered common shares (“Market Maker”), with no par value, issued by the Company (“BBRK3”), Novo Mercado of São Paulo’s Securities, Commodities and Futures Exchange (BM&FBovespa), in order to increase the liquidity of these shares.
The Company also reports that its capital stock was composed on that date by 192,839,601 common, registered shares with no par value of which 128,299,521 shares are trading on the Novo Mercado of São Paulo’s Securities, Commodities and Futures Exchange (66.53% free float).
On December 7, 2012, the Company announced to its shareholders and the market in general that the private purchase offering of 9,470,594 common shares issued by the Company, representing 4.91% of the Company‘s capital stock was concluded. The Company also reported that, in accordance with clause 1.2.1 of the Shareholders‘ Agreement, these shares, part of the control block, are no longer linked to the Company‘s Shareholders‘ Agreement, and no longer calculated for purposes of the exercise of vote at the Preliminary Meetings, as provided for in the Shareholders‘ Agreement.
On September 3, 2013, the Company announced to its shareholders and the market in general that the Board of Directors approved, on that date, the acquisition of the Company‘s own shares, to be held in treasury for subsequent sale or cancellation. The Company‘s objective was to maximize the value generation for shareholders through efficient capital structure management through the acquisition of up to 10,000,000 shares for a period of 365 days.
On September 26, 2014, the Company announced to its shareholders and the market in general that the Board of Directors approved, on that date, a new acquisition of the Company‘s own shares, to be held in treasury for subsequent sale or cancellation. The Company‘s objective was to maximize the value generation for shareholders through efficient capital structure management through the acquisition of up to 10,000,000 shares for a period of 365 days.
On November 10, 2015 the Company executed the 4th Amendment to the Commercial Partnership Agreement with HSBC Bank Brasil S.A. – Banco Múltiplo, extending the term of the Commercial Partnership Agreement entered into on October 14, 2010 for a further twelve months to December 31, 2016.
On December 18, 2015 the Company concluded the negotiations that resulted in the sale of all its shares (75%) of the stock capital of VB Assessoria Imobiliária Ltda. (“VB Brokers”), headquartered in Porto Alegre, Brazil. The transaction was established with VB Brokers’ founding partner, responsible for the real estate management. The Company will continue to operate in the state of Rio Grande Sul through Brasil Brokers Noblesse, based in Porto Alegre. The sale of interest is part of the Company’s restructuring plan.
On September 27, 2016, the Company concluded negotiations that resulted in the sale of all its shares (70%) of the capital stock of Brasil Brokers Paraná Imóveis Ltda. (“BB Paraná”), headquartered in the city of Curitiba, in the state of Paraná. Entered into with the founding partners of BB Paraná, who took over control of the real estate brokerage company, the sale of interest is part of the Company’s restructuring plan.
On December 14, 2016, the Company concluded the negotiations which resulted in the disposal of its entire interest (55%) in the capital stock of Blue Negócios Imobiliários Ltda. (“Home Hunters”), headquartered in the city of Campinas, state of São Paulo. The transaction was signed with Home Hunters’ founding partner, who resumed the brokerage firm‘s control. The sale of interest is also part of the Company’s restructuring plan.
On January 2, 2017, the Company signed the 5th Amendment to the Commercial Partnership Agreement with Banco Bradesco S.A. On June 13, 2017, the Company approved the capital increase up to R$70,000,000.00, going from the current R$533,662,061.00 to up to R$603,662,061.00 through the private issue of up to 63,063,063 new common shares, all registered, book-entry and with no par value.
On August 22, 2017 the Company concluded negotiations so that its operations in the state of Rio Grande do Norte are no longer carried out by its subsidiary Abreu Brokers Serviços Imobiliários Ltda. (“Abreu Brokers”), but rather by a new company, which has license rights for the Brasil Brokers brand in the region as well as access to certain platforms.
On September 4, 2017 the Company started a Commercial Partnership with Conseg Administradora de Consorcios Ltda. (“Conseg”) to offer and distribute the real estate consortium. Conseg, an authorized institution and supervised by the Central Bank of Brazil, is now responsible for the administration of these groups. The Company receives a commission from Conseg for each transaction actually carried out during the Partnership. This new vertical is operated under the Credimorar brand.
On April 4, 2018, the Company entered into a new agreement with Bradesco S.A. for real estate credit intermediation for more than 3 years.
On May 11, 2018, the Company‘s Board of Directors approved the capital increase, within the limit of authorized capital as set for in article 5, paragraph 2 of the Company‘s Bylaws. The capital increase was up to R$67,725,747.92 from R$603,662,060.93 to up to R$671,387,808.85, through the private issuance of up to 144,097,366 new nominative common shares, and without par value (“Capital Increase”), so that the share capital increase from the current 255,902,664 shares, to up to 400,000,000 common shares, all registered, book-entry and without par value.
On August 16, 2018, the Company approved the grouping of all 362,783,035 common nominative book-entry shares, with no par value, issued by the Company, in the ratio of ten (10) common shares to one (1) share without modification of the value of the capital stock, pursuant to article 12 of Law 6,404/76.
On April 29, 2019, the Company approved the launch of the tender offer with restricted efforts to place the first (1st) issue of debentures of the Company, convertible into unsecured single series shares, to be held pursuant to CVM Instruction 476 at total amount of R$120,000,000.00.
On August 6, 2019, the Company announced the launch of the platform Desenrola, which uses technology as a means of simplifying and reducing paperwork in the residential and commercial property leasing process. The initial performance will be in the city of Goiânia.
On August 29, 2019, the Company entered into with Banco Bradesco S.A. an amendment to the Bank Correspondent Services Provision Agreement – Real Estate Credit Distribution, in order to renew the partnership between Credimorar and the bank for another ten (10) years, besides adjusting the new commission table, which will continue to be linked to the monthly volume of mortgage loans produced.
Last update: August 12, 2021