Material Fact – Call Notice and Decision of Debenture Holders‘ Meetings
São Paulo, August 30, 2017. Contax Participações S.A. (“Company”; CTAX3), in accordance with article 157, paragraph 4, of Law 6404/1976 and CVM Instruction 358/2002, hereby informs its shareholders, investors and the market in general, in complement to the material facts disclosed by the Company on March 23, 2017, May 19, 2017, June 5, 14, 19, 24 and 28, 2017, July 6, 10 and 28, 2017 and August 5, 8, 9, 12, 14, 21 and 22, 2017, that, on this date, the general debenture holders’ meeting of the Company’s second debenture issue, suspended on August 8, 2017 for approval of the Debt Renegotiation (as defined below) of said debentures, was reopened. The general debenture holders’ meeting of the Company’s second debenture issue was installed to resolve on the granting, by the Company and/or its subsidiaries, of fiduciary guarantee or pledge of certain assets, rights or goods owned by the Company and/or its subsidiaries to its financial creditors, including the debenture holders under this issue, which, based on the Company’s proposal and as agreed by the debenture holders of said issue, was suspended to ensure the continuity of the negotiations with the debenture holders.
Additionally, considering that the effectiveness of the amendments to the issue indentures of the Company’s first and third debenture issues approved by the debenture holders under these issues at the general meetings of August 21, 2017, pursuant to the material fact disclosed by the Company on the same date, through which the terms and conditions of the Company’s financial debt renegotiation were approved (“Debt Renegotiation”), is contingent upon the approval of the Debt Renegotiation by certain financial creditors of the Company and its subsidiaries (“Condition of Effectiveness of the Debt Renegotiation”), the Company called today the general debenture holders’ meetings of the Company’s first and third debenture issues to resolve on the postponement of the remuneration payments of the debentures under these issues, which, if approved by the respective debenture holders, will move from September 15, 2017 to December 15, 2017, without changing the other terms and conditions of said debentures approved within the scope of the Debt Renegotiation.
The Company will keep its shareholders, investors and the market in general informed about the matters in this material fact.
Cristiane Barretto Sales
Chief Financial and Investor Relations Officer