Minerva's board approved a capital increase proposal, worth up to R$2 billion

Minerva's board approved a proposal to increase its capital stock by up to R$2 billion. This involves issuing up to 386.8 million new ordinary shares at R$5.17 each. The capital increase proposal will be voted on at an extraordinary general meeting on April 29th. Shareholders will have preferential rights to subscribe to the new shares. Minerva stated that, assuming full exercise of shareholder preference rights, the capital increase will not dilute existing shareholders.