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  • Estácio: Notice To The Market - News Published On Bloomberg's Site

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    Estacio Investor Relations
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    Estácio Participações S.A., a publicly-held company and controlling shareholder of a post-secondary educational institution in Rio de Janeiro, issued a notice to the market in response to news about the possible lifting of banking secrecy of certain educational institutions by request of the Rio de Janeiro state legislature. Estácio clarified that its legal representatives had already appeared as witnesses before the legislature in September 2012, where it was proven that Estácio was in full compliance with all fiscal, social security, labor, and other requirements. Estácio also highlighted its investments in teaching staff and the introduction of a bonus system for professors, which was praised by legislative members.

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    Estácio: Notice to the Market - News Published on Bloomberg’s Site

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    Estácio: Notice to the Market - News Published on Bloomberg’s Site

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    Estácio Participações S.A., a publicly-held company and controlling shareholder of a post-secondary educational institution in Rio de Janeiro, issued a notice to the market in response to news about the possible lifting of banking secrecy of certain educational institutions by request of the Rio de Janeiro state legislature. Estácio clarified that its legal representatives had already appeared as witnesses before the legislature in September 2012, where it was proven that Estácio was in full compliance with all fiscal, social security, labor, and other requirements. Estácio also highlighted its investments in teaching staff and the introduction of a bonus system for professors, which was praised by legislative members.

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    12 views1 page

    Estácio: Notice To The Market - News Published On Bloomberg's Site

    Uploaded by

    Estacio Investor Relations
    Estácio Participações S.A., a publicly-held company and controlling shareholder of a post-secondary educational institution in Rio de Janeiro, issued a notice to the market in response to news about the possible lifting of banking secrecy of certain educational institutions by request of the Rio de Janeiro state legislature. Estácio clarified that its legal representatives had already appeared as witnesses before the legislature in September 2012, where it was proven that Estácio was in full compliance with all fiscal, social security, labor, and other requirements. Estácio also highlighted its investments in teaching staff and the introduction of a bonus system for professors, which was praised by legislative members.

    Copyright:

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    of 1

    ESTCIO PARTICIPAES S.A.

    Publicly-held Company

    Corporate Taxpayer ID (CNPJ/MF) 08.807.432/0001-10 Company Registry (NIRE) 33.3.0028205 0

    NOTICE TO THE MARKET


    Estcio Participaes S.A. (Estcio), as the controlling shareholder of a post-secondary educational institution with headquarters in Rio de Janeiro, given the news published on Bloombergs site, concerning the possible lifting of the banking secrecy of certain postsecondary educational institutions at the request of the Rio de Janeiro state legislature (Alerj) within the context of a parliamentary inquiry commission (CPI), would like to make it clear that: Estcios legal representatives were invited to appear as witnesses at Alerj on September 27, 2012, when it was proven that Estcio was in full compliance with all the fiscal, social security and labor requirements, as well as all other clarifications requested. At the occasion, Estcio also gave a statement concerning its investments in improving its teaching staff and the introduction of a bonus system for its professors, a first in the educational sector, as well as underlining the excellence of its services, all of which was praised by the members of the CPI.

    Rio de Janeiro, October 11, 2012.

    Rogrio Frota Melzi Investor Relations Officer

    IR Contacts: Flvia Menezes de Oliveira Investor Relations Manager + 55 (21) 3311-9700 ri@estacioparticipacoes.com

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