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MarketScreener Homepage  >  Equities  >  Bolsa de Valores de Sao Paulo  >  Telef˘nica Brasil S.A.    VIVT4   BRVIVTACNPR7

TELEFďNICA BRASIL S.A.

(VIVT4)
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Telef˘nica Brasil S A : Material Fact - Share Buyback Program and Market Maker

11/25/2020 | 05:17pm EST

TELEFÔNICA BRASIL S.A.

Publicly-Held Corporation

CNPJ/MF nº 02.558.157/0001-62 - NIRE 35.3.0015881-4

MATERIAL FACT

Telefônica Brasil S.A. ("Company"), in the manner and for the purposes of Article 157, paragraph 4, of Law 6,404/76, as amended, and pursuant to CVM Instruction No. 358/12, as amended, hereby informs the following:

Pursuant to article 15, item XV, of the Bylaws, and the CVM Instruction No. 567/15, as a result of the conversion of all preferred shares issued by the Company into common shares, approved by the Extraordinary General Meeting and ratified by the Special General Meeting of the Company's Preferred Shareholders, both held on October 1, 2020 ("Conversion"), the Board of Directors approved on this date the update of the Shares Buyback Program of the Company, approved on July 28, 2020 ("Program"), to state that, where previously there was reference to the preferred shares issued by the Company, it should be considered as a reference to the common shares issued by the Company.

Information about the Program, including those required under the CVM Instructions No. 567/15 and No. 480/09, as amended, and complementary documents are available to shareholders at the Company's headquarters, on the Company's website (http://www.telefonica.com.br/ir), as well as on CVM and Bolsa de Valores (B3 - Brasil, Bolsa e Balcão) websites.

Finally, the Company informs that, due to the Conversion, it formalized the first amendment to the Market Maker Service Agreement signed with BTG Pactual Corretora de Títulos e Valores Mobiliários S.A. in order to adjust its terms and conditions.

São Paulo, November 25, 2020.

David Melcon Sanchez-Friera

CFO and Investor Relations Officer

Telefônica Brasil - Investor Relations

Phone: +55 11 3430 3687 | E-mail: ir.br@telefonica.com

Information available at: www.telefonica.com.br/ri

1

This is an excerpt of the original content. To continue reading it, access the original document here.

Disclaimer

Telefônica Brasil SA published this content on 25 November 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 25 November 2020 22:16:07 UTC


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Financials
Sales 2020 42 932 M 7 854 M 7 854 M
Net income 2020 4 852 M 888 M 888 M
Net Debt 2020 6 957 M 1 273 M 1 273 M
P/E ratio 2020 15,7x
Yield 2020 8,48%
Capitalization 74 539 M 13 653 M 13 637 M
EV / Sales 2020 1,90x
EV / Sales 2021 1,89x
Nbr of Employees 32 793
Free-Float 72,6%
Chart TELEFďNICA BRASIL S.A.
Duration : Period :
Telef˘nica Brasil S.A. Technical Analysis Chart | VIVT4 | BRVIVTACNPR7 | MarketScreener
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 8
Average target price 60,50 BRL
Last Close Price 44,14 BRL
Spread / Highest target 58,6%
Spread / Average Target 37,1%
Spread / Lowest Target 26,9%
EPS Revisions
Managers and Directors
NameTitle
Christian Mauad Gebara Chief Executive Officer & Director
Eduardo Navarro de Carvalho Chairman
David Melcon Sanchez-Friera Chief Financial & Investor Relations Officer
Francisco Javier de Paz Mancho Director
Luiz Fernando Furlßn Director
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