São Paulo, September 23, 2020, Linx S.A. (“Company”) Linx S.A. (“Company”) (B3: LINX3 | NYSE: LINX), in compliance with the Official Letter (Ofício) No. 164/2020/CVM/SEP/GEA-4, issued by the Superintendence of Relationship with Companies (Superintendência de Relações com Empresas) of the Brazilian Securities Commission – CVM on September 22, 2020 (“Official Letter”), hereby presents to its shareholders and to the market in general the requested clarifications:
The Official Letter refers to the Notice to the Market published by TOTVS S.A. on September 21, 2020, in which it was declared that “through their legal advisors, the independent directors of Linx SA (“Linx”) have informed the legal advisors of TOTVS that they will not sign a Protocol and Justification of Merger (“Protocol”), (…) because they understand, mistakenly, in our view, that the execution of the Protocol, which is a mere proposal and recommendation by the signatories from management to be submitted to the shareholders of the respective companies, would violate the association agreement signed between Linx and STNE Participações S.A.“, and requests a declaration from the Company regarding the information contained in the Notice to the Market of TOTVS S.A. A full transcript of the Official Letter is attached as Annex I.
In response to the Official Letter, the Company presents separately the statement received on September 22, 2020 from the Independent Directors and members of the Company’s Independent Committee, as per Annex II to this Notice to the Market.
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