São Paulo, November 17, 2020, Linx S.A. (“Linx” or “Company”) (B3: LINX3 | NYSE: LINX), in accordance with Article 157, paragraph 4 of Law No. 6.404/76 and CVM Instruction No. 358, of January 3, 2002, informs its shareholders and the market that, on this date, the Company’s Board of Directors received the attached correspondence from STNE Participações S.A. (“STNE”).
In the attached correspondence, STNE informs that it has exercised the right set forth in Section 1.2.6 of the protocol of the merger of Linx’s shares into STNE (“Protocol”) to increase in BRL 268,587,925.50 the cash portion to be paid in exchange for the redemption of the New Shares STNE, which corresponds to an additional payment in cash of R$ 1.50 per Linx share, totalizing an amount in cash equivalent to R$ 33.56 per Linx share, subject to the adjustments set forth in the Protocol. The portion to be paid with Class A StoneCo Shares or StoneCo BDR, as applicable, remains unchanged. Based on the closing price of the Class A StoneCo Shares and PTAX rate of November 16, 2020, the total price per share of Linx is of R$ 38.06.
Said price increase is subject to both the occurrence of the Linx extraordinary general meeting scheduled for this date (“EGM”) and the full approval, on this date, at the EGM, of the matters related to the merger of shares of the Company by STNE, as set forth in the Association Agreement executed on August 11, 2020, as amended on September 1 and October 2, 2020.
Linx reiterates that the EGM is still scheduled to take place on this date, at 2:00pm (São Paulo time).
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