Notice of Modification of Offer and Postponement of Distribution Periods
It is informed that, according to Articles
25 and 27 of the Instruction of the Brazilian Securities
Commission no. 400 (“Instruction 400) and according
to what was agreed upon at the Meeting of the Administration
Committee of the Issuer held on January 24, 2005, the Brazilian
Securities Commission (CVM – Comissão de Valores
Mobiliários) approved in the terms of the official
communication CVM/SRE/GER-2 No. 118/2005 of February 11,
2005, an authorization of the reduction of the minimum
amount of resources for which will be maintained the offer
of Debentures Convertible in Common Shares issued by the
company (the “Offer” and the “Debentures”)
whose Notice to Shareholders and Announcement of Beginning
of Public Distribution was published on August 12, 2004
(the “Announcement”), the Offer having been
registered at the Brazilian Securities Commission on August
3, 2004 under the number CVM/SRE/DCA/2004/001. That way, the company is allowed for the
partial distribution of the Offer, if not all the Debentures
are allocated, in a total of at least R$ 130,000,000.00. Due to the reduction mentioned above, the
subscribers and/or acquirers of the Debentures will be
able to opt, according to the Announcement, item Partial
Distribution, between the cessation of their subscription
and the payment of the Debentures subscribed till the present
date (the “Option for the Cessation of the Subscription
and Payment”) receiving their updated nominal value
through the mandatary Bank, with no obligation to pay any
remuneration for the Debentures or without any added payments
related to CPMF (Provisory Contribution for Transaction
or Transmission of Values and Credits of a Financial Nature). The Leading Coordinator will communicate,
directly, all subscribers of Debentures about the modification
afore mentioned and they will have 5 working days to carry
out the Option for Subscription Cessation and Payment by
means of a registered letter or, subject to receiving confirmation,
by fax or e-mail sent to:
BB Banco de Investimento S.A.
R. Senador Dantas, 105, 28 andar, sala 2803
20031-080 – Rio de Janeiro – R.J. – Brazil
Tel.: +55 21 3808-3773
Fax: +55 21 3808-3239
Care of: Leonardo Silva de Loyola Reis
leoloyola@bb.com.br
As a consequence of the modification afore
indicated, the postponement of the Offer distribution period
for 90 days was authorized, therefore, the lead-time ends
on May 13, 2005.
Additional Information and Debenture Owners
Services
The Announcement is available at the headquarters
and on the Internet site of the Leading Coordinator of
the present Issuance (www.bb.com.br)
and the Issuer company (www.tupy.com.br).
Further information may be obtained from the Leading Coordinator
at the headquarters of the issuing company on Rua Albano
Schmidt, 3400, Joinville, SC, Brazil, or at CVM (www.cvm.gov.br),
at one of the following addresses: Rio de Janeiro: Rua
Sete de Setembro 111, 5o. andar, Centro, ZIP Code 20159-900,
Rio de Janeiro, RJ, Brazil, or São Paulo: Rua Formosa,
367, 20o. andar, Centro, ZIP Code: 01049-000, São
Paulo, SP, Brazil.
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