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Vale S.A. — Regulatory Filings 2020
Dec 9, 2020
30050_ffr_2020-12-09_0ada8e32-eeec-41a7-9a58-a81586feb4de.zip
Regulatory Filings
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United States
Securities and Exchange Commission
Washington , D.C. 20549
FORM 6-K
Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16
of the
Securities Exchange Act of 1934
For the month of
December 2020
Vale S.A.
Praia de Botafogo nº 186, 18º andar, Botafogo 22250-145 Rio de Janeiro, RJ, Brazil
(Address of principal executive office)
(Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.)
(Check One) Form 20-F x Form 40-F ¨
(Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1))
(Check One) Yes ¨ No x
(Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7))
(Check One) Yes ¨ No x
(Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.)
(Check One) Yes ¨ No x
(If “Yes” is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b). 82- .)
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Vale announces about the notification of option exercised in VLI shares
Rio de Janeiro, December 9, 2020 - Vale SA (“Vale”) informs that it was notified by BNDES Participações SA (“BNDESPar”), of the full exercise of the option included in the VLI S.A. (“VLI”) Stock Purchase Option Agreement. Under the aforementioned agreement, BNDESPar was granted options to purchase shares of VLI held by Vale, including the right to recomposition, representing up to 8% (eight percent) of its share capital.
Such contract stems from the agreement signed between Vale and BNDESPar that resulted in the celebration in 2015 of an amendment to the deeds of the Private Debentures Issuance for Financing the expansion project of the Ferrovia Norte Sul (“FNS”), currently operated by VLI.
With the exercise of this option, Vale will receive, for the 8% stake in VLI, around R$ 1,223 million at December 11, 2020 and will hold 29.6% of VLI's total shares.
Luciano Siani Pires
Executive Officer of Investor Relations
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Ever since the Covid-19 outbreak began, our highest priority is the health and safety of our employees. Our IR team adopted work-from-home, and as we continue to face these new circumstances, we strongly recommend you prioritize e-mail and online engagement.
For further information, please contact:
Ivan Fadel: [email protected]
Andre Werner: [email protected]
Mariana Rocha: [email protected]
Samir Bassil: [email protected]
This press release may include statements that present Vale’s expectations about future events or results. All statements, when based upon expectations about the future, involve various risks and uncertainties. Vale cannot guarantee that such statements will prove correct. These risks and uncertainties include factors related to the following: (a) the countries where we operate, especially Brazil and Canada; (b) the global economy; (c) the capital markets; (d) the mining and metals prices and their dependence on global industrial production, which is cyclical by nature; and (e) global competition in the markets in which Vale operates. To obtain further information on factors that may lead to results different from those forecast by Vale, please consult the reports Vale files with the U.S. Securities and Exchange Commission (SEC), the Brazilian Comissão de Valores Mobiliários (CVM) and in particular the factors discussed under “Forward-Looking Statements” and “Risk Factors” in Vale’s annual report on Form 20-F.
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Signatures
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
| By: | /s/ Ivan Fadel |
|---|---|
| Date: December 9, 2020 | Head of Investor Relations |
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