SÃO PAULO, Oct. 15, 2020
/PRNewswire/ -- Natura &Co (NYSE: NTCO and B3: NTCO3)
today announced to its shareholders and the market in general
the successful closing of its public follow-on offering for primary
distribution of 121,400,000 common shares in total, at the price
per share of R$46.25 (US$16.4591 per ADS), resulting in an aggregate
amount of R$5,614,750,000.00
(corresponding to approximately US$1
billion), occurring simultaneously in Brazil and abroad, of which:
- 96,331,000 shares were distributed in Brazil, by means of a public offering with
restricted placement efforts pursuant to CVM Ruling 476 of 2009,
and
- 25,069,000 shares were distributed abroad, in the form of
American Depositary Shares (ADSs), represented by American
Depositary Receipts, pursuant to an effective registration
statement filed with the U.S. Securities and Exchange
Commission.
This transaction increases the Group's international shareholder
base, with strong support from existing shareholders as well as new
investors. It increases the liquidity of Natura &Co's ADSs,
allows the group to optimize its capital structure through
deleveraging and enables key strategic investments that will
accelerate growth over the next three years, primarily:
- The Avon integration and
turnaround
- Digitalization of the business
- Geographic opportunities
- 2030 Commitment to Life agenda
Roberto Marques, Executive
Chairman of the Board of Directors and Group CEO, stated: "We are
very pleased to have successfully completed this capital raise,
which we believe attests to the strength and attractiveness of
Natura &Co and the relevance of its strategy. Our share
offering was the largest SEC-registered transaction by a consumer
products business this year, and the largest-ever in the consumer
space in Latin America. The capital increase will allow us to
build on our current strong business momentum and accelerate our
growth by advancing on our strategic priorities, while also
optimizing our balance sheet."
Banco Morgan Stanley S.A., Bank of America Merrill Lynch Banco
Múltiplo S.A., Banco Bradesco BBI S.A., Citigroup Global Markets
Brasil, Corretora de Câmbio, Títulos e Valores Mobiliários S.A. and
Banco Itaú BBA S.A. acted as underwriters of the offering in
Brazil. Morgan Stanley, BofA
Securities, Bradesco Securities, Inc., Citigroup and Itau BBA
USA Securities, Inc. acted as
underwriters of the international offering.
This press release does not constitute an offer to sell or a
solicitation of an offer to buy the securities described herein,
nor will there be any sale of these securities in any state or
jurisdiction in which such an offer, solicitation, or sale would be
unlawful prior to registration or qualification under the
securities laws of any such state or jurisdiction.
About Natura &Co
Natura &Co is a global, purpose-driven, multi-channel and
multi-brand cosmetics group which includes Avon, Natura, The Body Shop and Aesop. Natura
&Co posted net revenues of R$ 14.4
billion in 2019 and R$32.9
billion on a proforma basis, including Avon. The four companies that form the group
are committed to generating positive economic, social and
environmental impact. For 130 years Avon has stood for women: providing
innovative, quality beauty products which are primarily sold to
women, through women. Founded in 1969, Natura is a Brazilian
multinational in the cosmetics and personal care segment, leader in
direct sales. Founded in 1976 in Brighton, England, by Anita Roddick, The Body Shop is a global beauty
brand that seeks to make a positive difference in the world. The
Australian beauty brand Aesop was established in 1987 with a quest
to create a range of superlative products for skin, hair and the
body.
FORWARD-LOOKING STATEMENTS
This press release includes "forward-looking statements" within
the meaning of the U.S. federal securities laws. Statements
contained herein that are not clearly historical in nature are
forward-looking, and the words "anticipate," "believe,"
"continues," "expect," "estimate," "intend," "project" and similar
expressions and future or conditional verbs such as "will,"
"would," "should," "could," "might," "can," "may," or similar
expressions are generally intended to identify forward-looking
statements. These forward-looking statements speak only as of the
date hereof and are based on Natura &Co's current plans,
estimates of future events, expectations and trends that affect or
may affect our business, financial condition, results of
operations, cash flow, liquidity, prospects and the trading price
of our ADSs and common shares, and are subject to several known and
unknown uncertainties and risks, many of which are beyond Natura
&Co's control. As a consequence, current plans, anticipated
actions and future financial position and results of operations may
differ significantly from those expressed in any forward-looking
statements in this press release. You are cautioned not to unduly
rely on such forward-looking statements when evaluating the
information presented. None of Natura &Co or the international
underwriters undertakes any obligation to update publicly or to
revise any forward-looking statements after we distribute this
press release because of new information, future events or other
factors. Our independent public auditors have neither examined nor
compiled the forward-looking statements and, accordingly, do not
provide any assurance with respect to such statements. In light of
the risks and uncertainties described above, the future events and
circumstances discussed in this press release might not occur and
are not guarantees of future performance. Because of these
uncertainties, you should not make any investment decision based
upon these estimates and forward-looking statements.
Contacts
Investors:
Natura
ri@natura.net
Viviane Behar de Castro: +55 (11)
4389 7881
Media:
Brunswick Group
NATURA&CO@brunswickgroup.com
U.S.
Katharine Crallé: +1 (917) 238 6191
Brazil
Roberta Lippi: +55 (11) 992 499
277
Natasha Bonomi: +55 (11) 993 478
905
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SOURCE Natura &Co