Kroton Educacional SA : Notice to the Market - Resignation of Director and positions on committees
January 14, 2014 at 04:52 pm EST
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Notice to the Market
Belo Horizonte, January 14, 2014 - Kroton Educacional S.A. ("Kroton" or "Company") - (BM&FBovespa: KROT3; OTCQX: KROTY) - in compliance with CVM Instruction 358/2002, as amended, announces to its shareholders, investors and the general market that, in a meeting of the Board of Directors held on the date hereof, the Directors acknowledged the request for resignation of Mr. Newton Maia Salomão Alves from his position as Director and the other positions on committees of the Company, as per the Letter of Resignation addressed to the Chairman of the Board of Directors. The resignation will take effect as of January 14, 2014.
The Directors and the Chief Executive Officer thank Mr. Newton Maia Salomão Alves for his dedication and contribution to the Company over the long period during which he has served in his positions and wish him success in his new endeavors.
For more information, please contact our investor relations department:
Carlos Lazar or Carolina Igi
Phone: +55 (11) 3775-2288or +55 (11) 3775-2003
Email: dri@kroton.com.br
www.kroton.com.br/ri
Cogna Educacao SA, formerly Kroton Educacional SA, is a Brazil-based company active in the private education sector. The Company focuses on developing primary and secondary schools, post-secondary and undergraduate programs, as well as vocational courses. The Company's activities are divided into three business segments: In-class higher education, which offers port-secondary programs on campus; Distance learning higher education (EAD), which provides port-secondary programs via online platform, and Basic education, which includes own and managed primary schools, collection and development of teaching materials, school management advisory, as well as educational support tools, among others. The Company operates a number of brand names, such as Anhanguera, Fama, Pitagoras, Unic, Unime and Unopar. In addition, it is involved in the wholesale, retail, distribution, import and export of textbooks, course books, magazines and other publications related to education.