By Brazil Stock Guide – Wilson Sons S.A. (PORT3) is moving into the final stage of its delisting process after shareholders approved the compulsory redemption of all remaining outstanding common shares, effectively concluding the unified tender offer launched earlier this year. The company set a redemption price of R$18.84 per share, reflecting the R$18.53 auction price plus SELIC-based pro rata interest accrued from Oct. 28 to Dec. 10.
The approval also terminates ahead of schedule the three-month window originally allowed for additional market purchases following the tender-offer auction held in late October. Payment will be made in cash on Dec. 10, directly into shareholders’ registered brokerage accounts. If account data is outdated or missing, Wilson Sons will deposit the funds with BTG Pactual, where they will be available for withdrawal for up to 10 years, without financial adjustments.
Non-resident investors will be subject to withholding income tax on any positive difference between the redemption price and their average acquisition cost, unless supporting documentation is submitted by noon on Dec. 4. Failure to provide adequate proof means the cost basis will be considered zero, according to the tender-offer rules.
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