Vittia Annual Report 2022
VITTIA
Relationship with investors
GRI 2-29
We have sought to improve and strengthen our
relationship with investors. In this sense, on
November 18, 2022, we held the first edition
of our Investor Day, which we call Vittia Investor
Day, a public event aimed at investors, analysts,
and other interested parties.
This event was attended by around 40 investors
in person, in addition to members of our
Executive Board and the Company's Board of
Directors. It was also broadcast live on the
Company's official YouTube channel, with
great repercussions. In 2023, we will hold the
second edition.
Capital market
-
Our shares Vittia Fertilizantes e Biologistas
S.A. (B3: VITT3) - are traded on B3's New
Market, the highest level of corporate
governance in the Brazilian stock market. In
addition, we are part of the Differentiated
Corporate Governance Index (IGC B3), the
Corporate Governance Index - New Market
(IGC-NM B3) and the Differentiated Tag Along
Stock Index (ITAG B3).
An important piece of news during the year
was that we approved, on June 13, 2022, a
share buyback program. Through this program,
the Company can acquire up to 2 million
common shares, representing 1.39% of its total
issued shares and 3.93% of its total outstanding
shares. At the time, we had 50.8 million
common shares outstanding, representing
35.2% of our share capital.
The shares to be acquired will remain in
treasury, cancel, or later sell the shares in the
market, aiming to maximize value generation
for Vittia's shareholders, through transactions
to be defined later (including even mergers and
acquisitions). The repurchase program has a
maximum period of 12 months, with the final
date being June 14, 2023. By the end of 2022,
750 thousand shares had been repurchased at
an average price of BRL9.41, corresponding to
37.5% of the buyback program executed.
Distribution of results
In April 2022, we announced the approval of
the distribution of dividends, in the amount of
BRL 18.6 million (BRL 0.130 per share),
referring to 2021, of which BRL 3.4 million
accounted for as mandatory dividend and BRL
15, 2 million as an additional dividend, based
on the shareholding position on May 4, 2022,
with payment made on June 3, 2022.
In addition, in December 2022, we also
announced the approval of the distribution of
Interest on Owned Capital, in the amount of
BRL33.5 million (BRLO.235 per share),
calculated on the Company's Shareholders'
Equity for 2021, to be imputed to the
mandatory minimum dividend, based on the
shareholding position on December 16, 2022,
with payment made in two installments, the 1st
installment being paid on January 4, 2023 and
the 2nd installment paid on May 8, 2023.
Annual Report 2022
121View entire presentation