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Who are the main Gerdau shareholders?


 Positon held on 09/30/2016 - Gerdau S.A. and Metalúrgica Gerdau S.A., respectively.

Who is the depository agent for Gerdau shares?


 

Gerdau shares have book entry form with registered ownership. It means that it allows the shareholder to own shares without having physical stock certificates in their possession.

The depositary institution responsible for Gerdau shares is Itaú Corretora de Valores S.A. It is responsible for the bookkeeping of the shares and of the records of shareholders, the update and tracking of payments of outlays and for the rights and to ensure the exercise of rights and receiving of amounts distributed by the Gerdau companies in Brazil.

It is also the responsibility of Itaú Corretora to send to Gerdau S.A. and Metalúrgica Gerdau S.A. shareholders information regarding their positions by means of notices and summaries.

How to follow the evolution of Gerdau stock prices?


 

In order to track the prices of Gerdau stock, investors may use the services available at the site of the company (please note that these quotes are delayed 15 minutes) and the graphics available from Investor Relations.

How does Gerdau pay out dividends?


 

Beginning in 1977, Gerdau paid minimum dividends of 30% of the adjusted net income twice a year. On March 31st, 2003 the Boards of Gerdau S.A. and Metalúrgica Gerdau S.A. approved the payment of quarterly dividends using the same procedures for calculation. 

How changes are made on the shareholders registry?


 

The shareholder will get regular information regarding its position and rights through the mail. So that this service is effectively used, shareholders must keep their records updated with the depositary agent, the Itaú Corretora de Valores S.A..

Any changes made to the registry must be requested through Itaú Corretora services. This information will only be given to the person who presents the required identification documents.

How do shareholders participate in a General Shareholders meeting?


 

The General Shareholders’ Meeting must take place no later than four months after the close of the fiscal period, to get the approval for the quarter's accounts, the destination of profits, and electing of the board. All shareholders can participate, but only the holders of common shares have the right to vote. The notices for calling shareholders’ meetings are published in selected newspapers and on Gerdau's website. In order to receive a notice of this event, the shareholder must register with the "e-mail alert" service on Gerdau's website.

How do investors receive information about their shareholders' position?


A shareholder's position may be requested at one of the branches of Itaú Corretora de Valores S.A.. This information will be given only to:

  • The shareholder in person, by producing the proper identification; or
  • An attorney, also by producing the proper documentation and identification.

If the registry at Itaú do not show any shares in a particular account, it may be due to the fact that these shares may have already been sold or transferred and are in the custody of the Stock Exchange/CBLC. If this is the case, the shareholder should contact his/her broker immediately.

To obtain additional information or clarification about the shareholding situation, call Itaú's investfone:

(55) 0800 720 9285
(55) 11 3003-9285

What are Depositary Receipts?


 

ADRs are receipts held by an American bank that represent shares of a foreign company. Also called American depositary shares, they are traded in U.S. capital markets. It is through ADRs that investors can invest their capital domestically in foreign companies.

Gerdau has Level II ADRs registered at the NYSE (New York Stock Exchange), which gives it more visibility in the American market.

The Level II ADR program requires the company to fully register according to the Securities Act and also to divulge all of the information required by the Securities Exchange Act of 1934.

JP Morgan is Gerdau's depository bank, whose responsibility is to maintain the registry, the emission/cancellation of ADRs, and the payment of dividends or interest on capital to the holders of these titles. The depository bank also provides Gerdau with detailed information about its ADRs movements, as well as tendencies and developments in the North American market.

DRs are receipts held by a bank that represent shares of a foreign company. Also called depositary shares, they are traded in foreign capital markets. It is through DRs that investors can invest their capital domestically in foreign companies.

Gerdau has DRs registered in the Madrid Stock Exchange (Latibex), which gives it more visibility in the European market.

The Depositary Institution of the Gerdau's DRs is the SCL (Servicio de Compensación y Liquidación Valores) and the Custodian Institution is the CBLC (Companhia Brasileira de Liquidação e Custódia S.A.). These instituiotions have the responsibility to maintain the registry, the emission/cancellation of DRs, and the payment of dividends or interest on capital to the holders of these titles. The depository bank also provides Gerdau with detailed information about its DRs movements, as well as tendencies and developments in the market.

What are the ticker symbols used for Gerdau shares and in which stock exchanges are these shares traded?


 

Gerdau has its shares traded in the following stock exchanges:

  • BM&Fbovespa (São Paulo Stock Exchange) with the following ticker symbols:
    • GGBR3 - Gerdau S.A. - common shares
    • GGBR4 - Gerdau S.A. - preferred shares
    • GOAU3 - Metalúrgica Gerdau S.A. - common shares
    • GOAU4 - Metalúrgica Gerdau S.A. - preferred shares
  • NYSE (New York Stock Exchange) with the ticker symbol:
    • GGB - Gerdau S.A. - ADRs representative of preferred shares
  • LATIBEX (Madrid Stock Exchange segment that includes Latin American companies quoted in Euros)
    • XGGB - DR Program of preferred shares issued by the Company in Spain

What are the rights of Gerdau shareholders?


 

Common stock owners have the right to vote at shareholders’ meetings and to receive the 30% minimum dividend or interest over capital stock based on the adjusted net income of each period paid out on a quarterly basis. Preferred stock owners, on the other hand, have the option of receiving dividends or interest over capital stock, which are also paid quarterly, or of stock reimbursement, but do not have the right to vote.

Metalúrgica Gerdau S.A. has 412,681,538 shares, 275,062,544 of which are preferred shares and the balance are ordinary or common stock.

The ADR program allows investors in the U.S. to hold stocks of non-U.S. based companies with the same economic and corporate rights (those of preferred stock) that the local Gerdau S.A. investors have.

Investors that hold DRs traded on the Latibex allow European investors to invest their funds in the shares of foreign companies, and have the same economic and corporate rights that the local Gerdau S.A. investors have.

 

 

What is the procedure to acquire and to sell Gerdau shares?


 

In order to invest in stocks, the person interested should look for a stockbroker that is able to give him/her support and intermediate the negotiation on the stock market. In order to obtain a list of brokerage firms with contact information, go to the site of Bovespa - São Paulo Stock Exchange (www.bovespa.com.br) in the section MEMBERS.

If you are beginning to invest in stocks, we suggest you look through the Bovespa website (www.bovespa.com.br), which is full of useful information for beginner investors and it even has some online courses that will help you become familiarized with the stock market.

In order to decide at what moment to buy or sell shares, we suggest you seek help from security analysts who work for brokerage firms. The job of these professionals is to analyze the economic fundamentals of the companies, the national and international macroeconomic conditions, along with other factors that could influence the results of the companies. Based on this analysis they are capable of giving their opinion about the best moment to buy or sell shares.

Gerdau's web site (www.gerdau.com/investidores) also has tools that may help you such as Quotations History, Key Ratios, Investment Simulator, among others.

Furthermore, we would like to remind you that stocks are considered a risky or variable income investment, and losses or gains may occur in different degrees depending on the variation of the prices of the shares purchased. For this reason, it is not recommended for people with a conservative risk profile, that is, those who are averse to running risks.

These shares can be held by:

  • The stockbrokerage in which they have been bought will be fully responsible for the payment of dividends and interest over capital stock as well as for the information necessary to file the income statement or;
  • The entry book system of Banco Itaú S.A., responsible for the remittance of data at no cost to the customer. In this case the shareholders will have the benefit of the automatic credit of dividends to their checking account of choice.

 

 

 

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