Vasta

Vasta Announces Share Repurchase Program

Retrieved on: 
Thursday, September 14, 2023

Vasta Platform Limited, or Vasta (Nasdaq: VSTA), today announced that its Board of Directors has approved a share repurchase program, or the Repurchase Program.

Key Points: 
  • Vasta Platform Limited, or Vasta (Nasdaq: VSTA), today announced that its Board of Directors has approved a share repurchase program, or the Repurchase Program.
  • Under the Repurchase Program, Vasta may repurchase up to US$12.5 million in Class A common shares in the open market, based on prevailing market prices, or in privately negotiated transactions, over a period beginning on September 18, 2023, continuing until the earlier of the completion of the repurchase or September 30, 2024, depending upon market conditions.
  • Vasta’s Board of Directors will review the Repurchase Program periodically and may authorize adjustments to its terms and size or suspend or discontinue the Repurchase Program.
  • Vasta expects to utilize its existing funds to fund repurchases made under the Repurchase Program.

Vasta announces CEO transition plan

Retrieved on: 
Thursday, March 23, 2023

Vasta Platform Limited (NASDAQ: VSTA), or the “Company”, today announced a transition plan for its chief executive officer, or “CEO.”

Key Points: 
  • Vasta Platform Limited (NASDAQ: VSTA), or the “Company”, today announced a transition plan for its chief executive officer, or “CEO.”
    After 36 years dedicated to education as a teacher, entrepreneur and executive, Mr. Mario Ghio has chosen to step down from his executive role with the Company.
  • After Mr. Ghio’s departure on April 30, 2023, Mr. Guilherme Mélega, the Company’s current chief operating officer, will assume the CEO role.
  • Mr. Ghio and Mr. Mélega have worked very closely in recent years, which is expected to promote a smooth transition in leadership and continuity in the management of Vasta.
  • Mr. Mélega will assume the CEO position at a time of strong growth for the Company following the recovery from the challenges posed by the COVID-19 pandemic.

Vasta Platform Limited to Report Third Quarter 2022 Financial Results on November 10, 2022

Retrieved on: 
Tuesday, November 1, 2022

Vasta Platform Limited (NASDAQ: VSTA) today announces that it will report third quarter 2022 financial results for the period ended September 30, 2022, after the market closes on Thursday, November 10, 2022.

Key Points: 
  • Vasta Platform Limited (NASDAQ: VSTA) today announces that it will report third quarter 2022 financial results for the period ended September 30, 2022, after the market closes on Thursday, November 10, 2022.
  • The Company will host a corresponding conference call and webcast on the same day, November 10, at 5:00 p.m. Eastern time.
  • Investors may listen to the conference call (ID: 3871721) by dialing 1 (888) 660-6819 or 1 (929) 203-1989.
  • Vastas mission is to help private K-12 schools to be better and more profitable, supporting their digital transformation.

Vasta Announces Transition Period of Its Chief Financial Officer

Retrieved on: 
Thursday, August 11, 2022

Vasta Platform Limited (NASDAQ: VSTA) today announces the beginning of a transition period of its chief financial officer.

Key Points: 
  • Vasta Platform Limited (NASDAQ: VSTA) today announces the beginning of a transition period of its chief financial officer.
  • From today until September 15, 2022, Vastas chief financial officer Mr. Bruno Giardino will transfer his activities to Mr. Cesar Augusto Silva, after which, Mr. Giardino will be dedicated to personal projects.
  • After September, 15, 2022, Mr. Silva will serve as Vastas new chief financial officer, and Mr. Mario Ghio Junior, Vastas chief executive officer, will assume the responsibilities of investor relations officer as well.
  • Mr. Cesar Augusto Silva is an economist and accountant with an MBA in business administration, and has more than 25 years experience in financial management and controllership.

Vasta Platform Limited to Report Second Quarter 2022 Financial Results on August 11, 2022

Retrieved on: 
Monday, August 1, 2022

Vasta Platform Limited (NASDAQ: VSTA) today announces that it will report second quarter 2022 financial results for the period ended June 30, 2022, after the market closes on Thursday, August 11, 2022.

Key Points: 
  • Vasta Platform Limited (NASDAQ: VSTA) today announces that it will report second quarter 2022 financial results for the period ended June 30, 2022, after the market closes on Thursday, August 11, 2022.
  • The Company will host a corresponding conference call and webcast on the same day, August 11, at 5:00 p.m. Eastern time.
  • Investors may listen to the conference call (ID: 3871721) by dialing 1 (888) 660-6819 or 1 (929) 203-1989.
  • A live and archived webcast of the call will be available on the Investor Relations section of the Companys website at https://ir.vastaplatform.com .

Vasta announces closing of investment in Educbank

Retrieved on: 
Tuesday, July 19, 2022

SO PAULO, Brazil, July 19, 2022 (GLOBE NEWSWIRE) -- Vasta Platform Limited (NASDAQ: VSTA) announces the completion, by its wholly-owned subsidiary, Somos Sistemas de Ensino S.A. (Somos), of the minority investment in Educbank Gesto de Pagamentos Educacionais S.A. (Educbank).

Key Points: 
  • SO PAULO, Brazil, July 19, 2022 (GLOBE NEWSWIRE) -- Vasta Platform Limited (NASDAQ: VSTA) announces the completion, by its wholly-owned subsidiary, Somos Sistemas de Ensino S.A. (Somos), of the minority investment in Educbank Gesto de Pagamentos Educacionais S.A. (Educbank).
  • Vasta investment will total R$158 million, for a 47.4% stake in Educbank, to be paid in: (i) cash installments totaling R$88 million, according to the growth of students served by Educbank and other conditions, and (ii) upon capitalization of credits arising from the sale of intangible assets by Somos (R$ 70 million).
  • Vasta will have the right to appoint two members (out of six) to the board of directors of Educbank.
  • This investment will enable Vasta to capture great value potential in the following years, by tapping the K-12 tuitions payment means, which total payment volume (TPV) surpasses R$70 billion per year.

Vasta announces investment in Educbank

Retrieved on: 
Friday, June 3, 2022

SO PAULO, Brazil, June 03, 2022 (GLOBE NEWSWIRE) -- Vasta Platform Limited (NASDAQ: VSTA) announces the execution of a minority investment agreement by its wholly-owned subsidiary, Somos Sistemas de Ensino S.A. (Somos), which establishes the terms and conditions for the issuance and the payment of new shares on Educbank Gesto de Pagamentos Educacionais S.A. (Educbank).

Key Points: 
  • SO PAULO, Brazil, June 03, 2022 (GLOBE NEWSWIRE) -- Vasta Platform Limited (NASDAQ: VSTA) announces the execution of a minority investment agreement by its wholly-owned subsidiary, Somos Sistemas de Ensino S.A. (Somos), which establishes the terms and conditions for the issuance and the payment of new shares on Educbank Gesto de Pagamentos Educacionais S.A. (Educbank).
  • According to the agreement, the investment will be made in installments over a two-year period, upon subscription of new Educbank shares, according to the growth of students served by Educbank and other conditions.
  • The closing of the transaction is subject to certain conditions precedent, including the approval by the Brazilian antitrust authority.
  • This investment will enable Vasta to capture great value potential in the following years, by tapping the K-12 tuitions payment means, which total payment volume (TPV) is estimated at R$70 billion per year.

Vasta Releases Its First Sustainability Report

Retrieved on: 
Thursday, April 28, 2022

SAO PAULO, Brazil, April 28, 2022 (GLOBE NEWSWIRE) -- Vasta announces the release of its first Sustainability Report.

Key Points: 
  • SAO PAULO, Brazil, April 28, 2022 (GLOBE NEWSWIRE) -- Vasta announces the release of its first Sustainability Report.
  • With the Instituto SOMOS, we also strive to boost access to quality primary and secondary education for young socially and economically deprived Brazilians.
  • We enhanced our understanding of the impacts and opportunities our business has to generate value in the environmental, social and governance (ESG) dimensions, which gave rise to the publication of the companys Sustainability Report.
  • Vasta believes it is uniquely positioned to help schools in Brazil undergo the process of digital transformation and bring their education skill-set to the 21st century.

Vasta Platform Limited to Report First Quarter 2022 Financial Results on May 12, 2022

Retrieved on: 
Monday, April 25, 2022

SO PAULO, Brazil, April 25, 2022 (GLOBE NEWSWIRE) -- Vasta Platform Limited (NASDAQ: VSTA) today announces that it will report first quarter 2022 financial results for the period ended March 31, 2022, after the market closes on Thursday, May 12, 2022.

Key Points: 
  • SO PAULO, Brazil, April 25, 2022 (GLOBE NEWSWIRE) -- Vasta Platform Limited (NASDAQ: VSTA) today announces that it will report first quarter 2022 financial results for the period ended March 31, 2022, after the market closes on Thursday, May 12, 2022.
  • The Company will host a corresponding conference call and webcast on the same day, May 12, at 5:00 p.m. Eastern time.
  • Investors may listen to the conference call (ID: 5859784) by dialing +1 (833) 519-1336 or +1 (914) 800-3898.
  • Vastas mission is to help private K-12 schools to be better and more profitable, supporting their digital transformation.

Omega Healthcare completes acquisition of ApexonHealth and Vasta Global

Retrieved on: 
Wednesday, April 13, 2022

BOCA RATON, Fla., April 13, 2022 /PRNewswire/ -- Omega Healthcare, a leading technology-enabled healthcare management solutions provider, today announced its acquisition of ApexonHealth, an AI and automation-based revenue cycle management and payor solutions provider, and Vasta Global, a provider of real-world data abstraction and analytics for the oncology market.

Key Points: 
  • BOCA RATON, Fla., April 13, 2022 /PRNewswire/ -- Omega Healthcare, a leading technology-enabled healthcare management solutions provider, today announced its acquisition of ApexonHealth, an AI and automation-based revenue cycle management and payor solutions provider, and Vasta Global, a provider of real-world data abstraction and analytics for the oncology market.
  • With the recently completed acquisition of Reventics, Omega Healthcare will deliver an end-to-end revenue cycle management suite of solutions to healthcare providers, from analytics-driven clinical documentation improvement to platforms for payment data management.
  • "We are pleased to welcome ApexonHealth and Vasta Global to the Omega family," commented Anurag Mehta, CEO of Omega Healthcare.
  • "With the acquisitions of Reventics, ApexonHealth, and Vasta Global, Omega now services more than 350 customers spanning the entire healthcare continuum with the support of robust technology-led solutions and insights.