On Thursday, October 1, 2026, SIMPAR S.A. informed Movida Participações S.A. (MOVI3) of the settlement of total return swap transactions referenced to the company’s shares and the cash acquisition of 28,922,000 common shares, equivalent to 6.80% of Movida’s outstanding shares. According to SIMPAR, the settlement of the swaps and the cash purchase did not change its total economic exposure to Movida’s shares, only the percentages of direct and indirect exposure by type of instrument.
After these transactions, SIMPAR’s direct and indirect economic exposure to Movida’s shares came to consist of 250,244,274 common shares held spot, representing 58.87% of the share capital, in addition to physically settled derivatives with a long position in 8,621,075 shares, equivalent to 2.03% of the capital. The structure also includes cash-settled derivatives with a long position in 15,001,748.74 shares (3.53%) and a short position in the same number of shares (3.53%).
SIMPAR reported that the settlement of the transactions is part of the negotiation for the renewal of these total return swaps, and that the board of directors approved the execution by CS Brasil Holding e Locação S.A. of new transactions referenced to the same number of shares as the settled contracts, which will be disclosed once completed. The company stated that these movements are not intended to, and will not, change the composition of Movida’s control or management structure.
