
ULTRAPAR PARTICIPAÇÕES S.A.
MARKET ANNOUNCEMENT
ULTRAPAR ANNOUNCES NOTIFICATION FROM ULTRA S.A. PARTICIPAÇÕES
São Paulo, November 28, 2019 – Ultrapar Participações S.A. (“Ultrapar”), in addition to the material notice disclosed on July 12, 2019, informs that it was notified by Ultra S.A. Participações (“Ultra S.A.”) on the conclusion of the transactions involving the redemption of the preferred shares of Ultra S.A. owned by Mr. Paulo Guilherme Aguiar Cunha and his family (“the Cunha Family”). Of the total shares initially held by the Cunha Family, part was redeemed as previously announced and part was acquired by other Ultra S.A. shareholders, as follow:
| • | | 5,372,336 redeemable preferred shares were redeemed by the Cunha Family, who received common shares of Ultrapar; |
| • | | 1,664,000 redeemable preferred shares were acquired by current shareholders of Ultra S.A. and converted into common shares of Ultra S.A.; and |
| • | | 3,881,773 redeemable preferred shares were acquired by IgelPar Participações S.A., private holding owned by Mr. Fabio Igel (“IgelPar”), a shareholder of Ultra S.A., and converted into Ultra S.A. common shares. |
The acquisition carried out by IgelPar was financed by Pátria Private Equity VI Multi-Strategy Investment Fund, through the issuance of debentures convertible into redeemable preferred shares and with voting rights issued by IgelPar. IgelPar joins the capital stock of Ultra S.A. with a stake of 5.4%, comprising 3,881,773 shares acquired from the Cunha Family and 194,089 shares contributed by Mr. Fabio Igel, an interest that corresponds, indirectly, to 1.1% of Ultrapar total capital.
Due to the transactions described above and on the material notice disclosed on July 12, 2019, the Cunha Family is no longer shareholder of Ultra S.A. and, consequently, part of Ultrapar’s Shareholders’ Agreement entered into by Ultra S.A. and Parth do Brasil Participações Ltda. on May 2, 2018, while IgelPar adhered to this agreement. Accordingly, the total shares linked to Shareholders’ Agreement represent 29.4% of Ultrapar’s total capital.
André Pires de Oliveira Dias
Chief Financial and Investor Relations Officer
Ultrapar Participações S.A.