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MarketScreener Homepage  >  Equities  >  Bolsa de Valores de Sao Paulo  >  Cia. Hering    HGTX3   BRHGTXACNOR9

CIA. HERING

(HGTX3)
  Report
End-of-day quote. End-of-day quote Bolsa de Valores de Sao Paulo - 01/15
16.9 BRL   +0.30%
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Cia Hering : Notice to the Market - Shareholder Participation - Somerset

01/17/2019 | 06:54am EST

National Corporate Taxpayers Register (CNPJ) 78.876.950/0001-71

Publicly-Held Company with Authorized Capital

Blumenau/SC

NOTICE TO THE MARKET

Cia. Hering S.A., in compliance with the provisions of article 12 of CVM Instruction 358, as amended, hereby informs that received, on 01.16.2019, the information below, sent in Portuguese and english by Somerset Capital Management LLP. ("Somerset"), which announces the disposal of shares of the Company, reaching 7,568,244 shares, equivalent to 4.68% from the Company's total capital.

Blumenau, January 17th, 2019.

Rafael Bossolani

CFO and Investor Relations Officer

London, January 14, 2019

Londres, 14 de janeiro de 2019

CIA. HERING

Attn.: Rafael Bossolani Investors Relationship Officer Rua do Rocio, 430, 3º andar 04552-000, São Paulo - SP

CIA. HERING

Att.: Rafael Bossolani

Diretor de Relações com Investidores Rua do Rocio, 430, 3º andar 04552-000, São Paulo - SP

Ref: Decrease of significant ownership interest in CIA. HERING.

Dear Sirs,

SOMERSET CAPITAL MANAGEMENT

LLP. ("Somerset"), an entity duly incorporated under the laws of the United Kingdom, in its capacity as investment manager and on behalf of its affiliates who are also investment managers, in compliance with the article 12 of the CVM Instruction No. 358, dated

January 3, 2002, as amended ("CVM Instruction 358"), hereby informs that the portfolio of clients under its or its affiliates' administration have disposed, through certain transactions on stock exchanges, directly or through American Depositary Receipts - ADRs, certain common shares issued by CIA. HERING

("Company"), thus holding, currently, 7,568,244 (seven million, five hundred and sixty-eight thousand, two hundred and forty-four) common shares, representing 4.68% of all common shares issued by the Company. Somerset further informs that it and its affiliates does have proxy voting rights on behalf of certain clients, in connection with the discretionary management powers.

Ref.: Redução de

participação

acionária relevante

na CIA.

HERING.

Prezados Senhores,

SOMERSET

CAPITAL

MANAGEMENT LLP. ("Somerset"), uma sociedade constituída de acordo com as leis do Reino Unido, na qualidade de administradora de carteiras e em nome de suas afiliadas que também são administradoras de carteiras, em cumprimento ao que estabelece o artigo 12 da Instrução CVM nº 358, de 3.1.2002, conforme alterada ("Instrução CVM 358/02"), vem à presença de V.Sa.

informar que carteiras de clientes sob sua ou sob administração de suas afiliadas alienaram, em operações realizadas em bolsa de valores, diretamente ou através de American Depositary Receipts - ADRs, certas ações ordinárias de emissão da CIA. HERING ("Companhia"), detendo atualmente, portanto, 7.568.244 (sete milhões, quinhentas e sessenta e oito mil, duzentas e quarenta e quatro) ações ordinárias, representando 4,68% de todas as ações ordinárias emitidas pela Companhia. A Somerset informa ainda que ela e suas afiliadas também possuem poderes de voto em nomede certos clientes, atinentes poderes de gestão discricionária.

aosFurthermore, Somerset informs that, it does not hold shares or any other derivatives instruments referencing the

Company's shares.

Adicionalmente, a Somerset informa que não detém ações ou outros instrumentos derivativos referenciados em ações de emissão da Companhia.

This is a minority investment that does not involve a change in the composition of corporate control or a change in the management structure of the Company. Currently, Somerset and its affiliates do not intend to purchase any additional shares of the Company's common stock for their clients' accounts with the intent to acquire control of the Company. Somerset does not hold any interest in the Company for its own accounts.

Trata-se de um investimento minoritário que não altera a composição do controle ou a estrutura administrativa da Companhia. Atualmente, a Somerset e suas afiliadas não pretendem adquirir, em nome de seus clientes, quaisquer ações ordinárias adicionais de emissão da Companhia com a intenção de adquirir o controle da Companhia. A Somerset não detém valores mobiliários de emissão da Companhia para sua conta própria.

For purposes of Article 119 of Law 6,404, of December 15, 1976, as amended, a representative in Brazil of certain clients under Somerset's or its affiliates' administration, is Citibank

Distribuidora deTitulos e ValoresMobiliarios S.A., enrolled with the

Brazilian General Taxpayers' List under

CNPJ/MF No. 33.868.597/0001-40 and Banco J.P. Morgan S.A. DTVM, enrolled with the Brazilian General Taxpayers'

List under CNPJ/MF No. 33.851.205/0001-30.

Please do not hesitate to contact us should you need any further clarifications. For any matters relating to this letter, please contact Robert Broadhurst, Compliance Analyst, Somerset Capital Management LLPPara fins do artigo 119 da Lei 6.404, de 15.12.1976, conforme alterada um representante no Brasil de certas carteiras de clientes administradas pela Somerset ou por suas afiliadas é

  • o Citibank Distribuidora de Títulos e Valores Mobiliários S.A., inscrito no CNPJ/MF sob o nº 33.868.597/0001-40 e o Banco J.P. Morgan S.A. DTVM, inscrito no CNPJ/MF sob o nº 33.851.205/0001-30.

Permanecemos à disposição de V.Sas. para quaisquer esclarecimentos que se façam necessários, e solicitamos que os contatos de V.Sas. com relação à presente correspondência, sejam feitos com o Robert Broadhurst,

(telephone: +44 (0) 20 7259 1299; e-mail:RobertB@somersetcm.com), or our attorneys in Brazil, Mr. Fernando J. Prado Ferreira (phone: (55 11) 3247-

8583;

e-mail:fpradoferreira@pn.com.br) or Mr. Luis Fernando Grando Pismel (phone: (55 11) 3247-6069; e-mail: lpismel@pn.com.br).

Analista de Compliance, Somerset Capital Management LLP, (telefone: +44 (0) 20 7259 1299; e-mail:RobertB@somersetcm.com), ou por meio de nossos advogados no Brasil, Sr. Fernando J. Prado Ferreira (fone: (55 11) 3247-8583; e-mail: fpradoferreira@pn.com.br) ou Sr. Luis Fernando Grando Pismel (fone: (55 11) 3247-6069; e-mail: lpismel@pn.com.br).

Very truly yours,

Atenciosamente,

Somerset Capital Management LLP

________________________________________

Robert Diggle

Chief Operating Officer and Compliance Officer

Disclaimer

Cia. Hering SA published this content on 17 January 2019 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 17 January 2019 11:53:01 UTC


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Financials
Sales 2020 1 083 M 205 M 205 M
Net income 2020 285 M 54,0 M 54,0 M
Net cash 2020 375 M 70,9 M 70,9 M
P/E ratio 2020 9,24x
Yield 2020 2,85%
Capitalization 2 682 M 511 M 507 M
EV / Sales 2020 2,13x
EV / Sales 2021 1,57x
Nbr of Employees 5 353
Free-Float 83,5%
Chart CIA. HERING
Duration : Period :
Cia. Hering Technical Analysis Chart | HGTX3 | BRHGTXACNOR9 | MarketScreener
Technical analysis trends CIA. HERING
Short TermMid-TermLong Term
TrendsBearishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus UNDERPERFORM
Number of Analysts 13
Average target price 19,38 BRL
Last Close Price 16,90 BRL
Spread / Highest target 101%
Spread / Average Target 14,7%
Spread / Lowest Target -17,8%
EPS Revisions
Managers and Directors
NameTitle
Fbio Hering Chief Executive Officer & Director
Ivo Hering Chairman
Rafael Bossolani Chief Financial Officer & IR Officer
Patrick Charles Morin Independent Director
Fbio Colletti Barbosa Independent Director
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