Material Fact – Call Notice to Debenture Holders Meeting 2nd Issue
São Paulo, August 12, 2017. Contax Participações S.A. (“Contax” or “Company”; CTAX3), pursuant to Article 157, Paragraph 4, of Law 6404/1976 and CVM Instruction 358/2002, hereby informs its shareholders, investors and the market in general, further to the material facts disclosed by the Company on March 23, 2017, May 19, 2017, June 5, 2017, June 19, 2017, June 24, 2017, June 28, 2017, July 6, 2017, July 10, 2017, July 28, 2017, August 5, 2017, August 8, 2017 and August 9, 2017 that, within the Company‘s negotiations with its main financial creditors regarding the alternatives to strengthen its capital structure and extend its indebtedness, on this date, the Company called a general meeting of debenture holders of the 2nd debentures issue of the Company to resolve on the possibility of constituting, by the Company and/or its subsidiaries, a real fiduciary guarantee or pledge of certain assets, rights or goods held by the Company and/or its subsidiaries (“Real Guarantee”) in favor of the debenture holders under these issues of debentures of the Company, which will be shared with the other financial creditors of the Company and its subsidiaries.
The constitution of a Real Guarantee by the Company will depend on (i) the approval, by the respective debenture holders, of all matters included in the agenda of the general meetings of the debenture holders of the 2nd debentures issue by the Company, originally called for August 8, 2017, installed, suspended and expected to be resumed on August 30, 2017, pursuant to the call notice and corresponding proposals of the Company‘s management previously published and made available on the Company‘s website (http://ir.contax.com.br/); and (ii) the approval of the constitution of a Real Guarantee by the Company‘s other financial creditors, under the same terms and conditions described above, including by the debenture holders of the 1st, 2nd and 3rd debentures issue of the Company at the general meetings of debenture holders called in accordance with the respective call notices and management‘s proposals disclosed by the Company.
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