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This fraction is determined under the following formula: Stock owned by public group before Stock x 50% = /issuance issued/ Total stock owned by all public groups before issuance
In Example 1, 10 shares of the November stock were not "covered" by the small issuance exception.
2nd Debenture Issuance (BRL250 million) due 2009: To 'A+(bra)' Rating Outlook Stable, from 'A(bra)' Rating Outlook Positive.