Vitrue, Inc.

Vitru Announces Change to Release Date of Third Quarter 2023 Financial Results to November 14, 2023

Retrieved on: 
Thursday, November 9, 2023
Webcast, Vitrue, Inc., Rare-earth element, Broadcasting

FLORIANÓPOLIS, Brazil, Nov. 09, 2023 (GLOBE NEWSWIRE) -- Vitru Limited ("Vitru") announces that the release of its third quarter 2023 financial results will be postponed to November 14, 2023 - before the market opens - due to the preparation of certain documents related to the migration to B3, as announced in September, 2023.

Key Points: 
  • FLORIANÓPOLIS, Brazil, Nov. 09, 2023 (GLOBE NEWSWIRE) -- Vitru Limited ("Vitru") announces that the release of its third quarter 2023 financial results will be postponed to November 14, 2023 - before the market opens - due to the preparation of certain documents related to the migration to B3, as announced in September, 2023.
  • A webcast hosted by Vitru will accompany this announcement at 8:30 a.m. Eastern time on the same day.

Vitru Limited to Report Third Quarter 2023 Financial Results on November 09, 2023

Retrieved on: 
Wednesday, October 11, 2023
News, Baozou Big News Events, Rare-earth element, Broadcasting, Vitrue, Inc.

FLORIANÓPOLIS, Brazil, Oct. 11, 2023 (GLOBE NEWSWIRE) -- Vitru Limited, or Vitru (Nasdaq: VTRU), today announced that it will report its third quarter 2023 financial results after the market closes on Thursday, November 09, 2023.

Key Points: 
  • FLORIANÓPOLIS, Brazil, Oct. 11, 2023 (GLOBE NEWSWIRE) -- Vitru Limited, or Vitru (Nasdaq: VTRU), today announced that it will report its third quarter 2023 financial results after the market closes on Thursday, November 09, 2023.
  • Vitru will host a corresponding webcast at 04:30 p.m. Eastern time on that day.
  • The event will be webcast live, and the audio and associated slides will be available on the News & Events section of Vitru’s Investor Relations website at https://investors.vitru.com.br .

Vitru Announces Proposed Group Restructuring and Migration of Listing

Retrieved on: 
Tuesday, September 5, 2023
Communication, IPO, ADS, Form F-4, Novo Mercado, Cyprus Securities and Exchange Commission, Sale, CVM, Prospectus, Form, FORM, B3, Security (finance), Cryptocurrency, Vitrue, Inc.

If approved, the proposal would merge Vitru into its wholly-owned subsidiary, Vitru Brasil Empreendimentos, Participações e Comércio S.A., a Brazilian corporation (sociedade anônima) (“Vitru Brazil”), pursuant to which Vitru Brazil would be the surviving entity and would become the new holding company for the Vitru group.

Key Points: 
  • If approved, the proposal would merge Vitru into its wholly-owned subsidiary, Vitru Brasil Empreendimentos, Participações e Comércio S.A., a Brazilian corporation (sociedade anônima) (“Vitru Brazil”), pursuant to which Vitru Brazil would be the surviving entity and would become the new holding company for the Vitru group.
  • Vitru Brazil intends to list its common shares under the Novo Mercado segment of B3 S.A. – Brasil, Bolsa, Balcão (the “B3”).
  • It is expected that Vitru Brazil will set up a temporary American depositary shares (“ADS”) program to facilitate the delivery of common shares of Vitru Brazil to holders of common shares of Vitru Cayman.
  • This communication is being made in respect of the proposed corporate restructuring of Vitru and Vitru Brazil.

Vitru Limited to Report Second Quarter 2023 Financial Results on August 10, 2023

Retrieved on: 
Friday, July 14, 2023
Baozou Big News Events, News, Rare-earth element, Broadcasting, Vitrue, Inc.

FLORIANÓPOLIS, Brazil, July 14, 2023 (GLOBE NEWSWIRE) -- Vitru Limited, or Vitru (Nasdaq: VTRU), today announced that it will report its second quarter 2023 financial results after the market closes on Thursday, August 10, 2023.

Key Points: 
  • FLORIANÓPOLIS, Brazil, July 14, 2023 (GLOBE NEWSWIRE) -- Vitru Limited, or Vitru (Nasdaq: VTRU), today announced that it will report its second quarter 2023 financial results after the market closes on Thursday, August 10, 2023.
  • Vitru will host a corresponding webcast at 04:30 p.m. Eastern time on that day.
  • The event will be webcast live, and the audio and associated slides will be available on the News & Events section of Vitru’s Investor Relations website at https://investors.vitru.com.br .

Vitru Announces Share Buyback Program

Retrieved on: 
Thursday, May 11, 2023
Share repurchase, Growth, US, Vitrue, Inc.

FLORIANÓPOLIS, Brazil, May 11, 2023 (GLOBE NEWSWIRE) -- Vitru Limited (Nasdaq: VTRU) (“Vitru” or “Company”) announces that its Board of Directors has approved a share buyback program to purchase up to 500,000 of its common shares until the earlier of the completion of the buybacks and May 15, 2024.

Key Points: 
  • FLORIANÓPOLIS, Brazil, May 11, 2023 (GLOBE NEWSWIRE) -- Vitru Limited (Nasdaq: VTRU) (“Vitru” or “Company”) announces that its Board of Directors has approved a share buyback program to purchase up to 500,000 of its common shares until the earlier of the completion of the buybacks and May 15, 2024.
  • Mr. Carlos Freitas, Chief Financial and Investor Relations Officer of Vitru, commented: “This share buyback program reflects our confidence in the long-term growth prospects of Vitru, as well as our commitment to increasing shareholder value.”
    Under the share buyback program, buybacks may be made from time-to-time in the open market, in privately negotiated transactions, in block trades and/or through other legally permissible means, depending on the market conditions, in compliance with applicable rules and regulations, including Rules 10b5-1 and 10b-18 under the Exchange Act.
  • The Board of Directors will review the share buyback program periodically, and may authorize adjustment of its terms and size.
  • The share buyback program does not obligate the Company or any agent to acquire any particular amount of common shares, and may be suspended or discontinued at any time.

Vitru announces the beginning of the transition period of the co-CEO structure

Retrieved on: 
Thursday, May 11, 2023
Learning, IPO, Education, Teaching, Student, EBITDA, Sinch (company), Management, Vitrue, Inc.

FLORIANÓPOLIS, Brazil, May 11, 2023 (GLOBE NEWSWIRE) -- Vitru Limited (Nasdaq: VTRU) (“Vitru”) announced today the beginning of the transition away from its co-CEO structure involving William Matos and Pedro Graça.

Key Points: 
  • FLORIANÓPOLIS, Brazil, May 11, 2023 (GLOBE NEWSWIRE) -- Vitru Limited (Nasdaq: VTRU) (“Vitru”) announced today the beginning of the transition away from its co-CEO structure involving William Matos and Pedro Graça.
  • The integration period brought together two executives with significant track-records in the Brazilian education sector and was key to benefit from the potential and best practices of both brands.
  • Pedro Graça, with years of experience in the technology and distance learning sectors, joined Vitru in 2016 when Uniasselvi had approximately 80,000 students enrolled in the distance learning segment.
  • We would like to thank Pedro Graça for his resolute dedication to fulfilling this mission and successful trajectory over the years.

Vitru Limited to Report First Quarter 2023 Financial Results on May 11, 2023

Retrieved on: 
Wednesday, April 19, 2023
Webcast, Baozou Big News Events, News, Rare-earth element, Broadcasting, Vitrue, Inc.

FLORIANÓPOLIS, Brazil, April 19, 2023 (GLOBE NEWSWIRE) -- Vitru Limited, or Vitru (Nasdaq: VTRU), today announced that it will report its first quarter 2023 financial results after the market closes on Thursday, May 11, 2023.

Key Points: 
  • FLORIANÓPOLIS, Brazil, April 19, 2023 (GLOBE NEWSWIRE) -- Vitru Limited, or Vitru (Nasdaq: VTRU), today announced that it will report its first quarter 2023 financial results after the market closes on Thursday, May 11, 2023.
  • Vitru will host a corresponding webcast at 5:00 p.m. Eastern time on that day.
  • The event will be webcast live, and the audio and associated slides will be available on the News & Events section of Vitru’s Investor Relations website at https://investors.vitru.com.br .

Vitru Limited to Report Fourth Quarter 2022 Financial Results on March 16, 2023

Retrieved on: 
Tuesday, February 28, 2023
Baozou Big News Events, News, Rare-earth element, Broadcasting, Vitrue, Inc.

FLORIANÓPOLIS, Brazil, Feb. 28, 2023 (GLOBE NEWSWIRE) -- Vitru Limited, or Vitru (Nasdaq: VTRU), today announced that it will report its fourth quarter 2022 financial results after market closes on Thursday, March 16, 2023.

Key Points: 
  • FLORIANÓPOLIS, Brazil, Feb. 28, 2023 (GLOBE NEWSWIRE) -- Vitru Limited, or Vitru (Nasdaq: VTRU), today announced that it will report its fourth quarter 2022 financial results after market closes on Thursday, March 16, 2023.
  • Vitru will host a corresponding webcast at 4:30 p.m. Eastern time on that day.
  • The event will be webcast live, and the audio and associated slides will be available on the News & Events section of Vitru’s Investor Relations website at https://investors.vitru.com.br .

Vitru Announces Closing of Crescera Option

Retrieved on: 
Tuesday, December 6, 2022
Nature, Sale, Prospectus, Exercise, Security (finance), Vitrue, Inc.

FLORIANÓPOLIS, Brazil, Dec. 06, 2022 (GLOBE NEWSWIRE) -- Vitru Limited (Nasdaq: VTRU) (“Vitru”) today announced the closing of the rights offering shortfall option by Crescera pursuant to the investment agreement (as amended, restated, supplemented or otherwise modified in accordance with the terms thereof, the “Investment Agreement”) entered into on September 27, 2022 with Crescera Growth Capital Master V Fundo de Investimento em Participações Multiestratégia and Crescera Growth Capital V Coinvestimento III Fundo de Investimento em Participações Multiestratégia (collectively, “Crescera”).

Key Points: 
  • FLORIANÓPOLIS, Brazil, Dec. 06, 2022 (GLOBE NEWSWIRE) -- Vitru Limited (Nasdaq: VTRU) (“Vitru”) today announced the closing of the rights offering shortfall option by Crescera pursuant to the investment agreement (as amended, restated, supplemented or otherwise modified in accordance with the terms thereof, the “Investment Agreement”) entered into on September 27, 2022 with Crescera Growth Capital Master V Fundo de Investimento em Participações Multiestratégia and Crescera Growth Capital V Coinvestimento III Fundo de Investimento em Participações Multiestratégia (collectively, “Crescera”).
  • As a result of the exercise of the option, Crescera has subscribed for 215,903 new common shares issued by Vitru (which, upon issuance, amount to approximately 0.6% of Vitru’s outstanding common shares) for a total consideration of US$3,458,766 or US$16.02 per common share.
  • Crescera has exercised the option agreed with Vitru in full and its equity stake in Vitru now amounts to approximately 11.44% of Vitru’s outstanding common shares.
  • Through its invested companies, Vitru provides a complete pedagogical ecosystem focused on hybrid distance learning experience for undergraduates and continuing education students.

Vitru Announces Price Adjustment of its Business Combination with UniCesumar

Retrieved on: 
Wednesday, November 23, 2022
Sellers, Education, Nature, Vitrue, Inc., Acquisition, Auction

This reduction is part of the purchase price adjustment mechanism agreed upon by Vitru and the Sellers in the Quota Purchase Agreement relating to the UniCesumar business combination, signed by the parties on August 23, 2021, and is related to certain variations in the balance sheet of UniCesumar until the closing of the business combination on May 20, 2022.

Key Points: 
  • This reduction is part of the purchase price adjustment mechanism agreed upon by Vitru and the Sellers in the Quota Purchase Agreement relating to the UniCesumar business combination, signed by the parties on August 23, 2021, and is related to certain variations in the balance sheet of UniCesumar until the closing of the business combination on May 20, 2022.
  • The amount of the purchase price adjustment will be deducted from the portion of the purchase price to be paid by Vitru to the Sellers by May 20, 2024.
  • As a result, the amount owed by Vitru to the Sellers in connection with the acquisition of UniCesumar (Sellers financing) has been reduced by R$73.1 million.
  • Through its invested companies, Vitru provides a complete pedagogical ecosystem focused on hybrid distance learning experience for undergraduates and continuing education students.