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Vale announces interim results for voluntary conversion
Rio de Janeiro, August 10, 2017 — Vale S.A. (Vale) informs that, according to interim information provided by the B3 S.A. - Brasil, Bolsa, Balcão, by Banco Bradesco, as the register of Vale’s shares, and by Citibank, N.A, as the exchange agent for the voluntary conversion, as of today, an aggregate of 1,420,262,529 preferred shares (including preferred shares represented by American Depositary Shares (“ADSs”)), corresponding to 72.2% of the total outstanding preferred shares (excluding treasury shares) had been tendered into Vale’s previously announced offer to (i) convert preferred shares into common shares issued by the Company, or (ii) exchange ADSs representing preferred shares for ADSs representing common shares (the “Voluntary Conversion”).
These indicative results exceed the minimum threshold for the Voluntary Conversion of 54.09% of the outstanding preferred shares (excluding treasury shares).
The Voluntary Conversion will expire tomorrow, August 11, 2017 and, therefore, there may be changes to these interim results. At the close of August 11, 2017, the final results will be available and the market will be informed of the aggregate number of preferred shares and ADSs tendered, as well as the corresponding percentage of total outstanding preferred shares (excluding treasury shares) that were tendered for conversion.
In the morning of August 14th, 2017, Vale will host two conference calls and webcasts. The first, in Portuguese (non-translated), will begin at 10:00 a.m. Rio de Janeiro time. The second, in English, at 10:45 a.m. Rio de Janeiro time (09:45 a.m. US Eastern Standard Time, 02:45 p.m. British Standard Time).
Dial in to conference calls/webcasts:
Conference call in Portuguese at 10:00am:
Dial—in from Brazil: +55 11 3193-1001 and +55 11 2820-4001
Dial—in from the US: +1 786 924-6977
Toll-free from the US: 1 800 492-3904 or +1 888 700-0802
Access code: VALE
Conference call in English at 10:45am:
Dial—in from Brazil: +55 11 3193-1001 and +55 11 2820-4001
Dial—in from US: +1 412 317-6029
Toll-free from US: +1 866 262-4553
Access code: VALE