CVM Instruction 111 (Revoked)

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INSTRUCTION CVM NO. 111, OF JANUARY 1990.
Amends the limit provided for in article 1 of CVM Instruction No. 100, of June 13, 1989.

THE PRESIDENT OF THE SECURITIES AND EXCHANGE COMMISSION makes public that the Collegiate Body, in a session held on this date, having in view the provisions of article 22, item III, of LAW NO. 6,385, of December 7, 1976, and of article 30, paragraph 2, of LAW NO. 6,404, of December 15, 1976,

HAS RESOLVED:

Art. 1 The limit provided for in article 1 of CVM Instruction No. 100, of June 13, 1989, which amended the limit determined in article 3 of CVM INSTRUCTION NO. 10, of February 14, 1980, is reduced to 5% (five percent).

Art. 2 Publicly-held companies that hold, in treasury, shares of their own issuance in a quantity exceeding the limit provided for in article 1, must divest the excess within a maximum period of 60 (sixty) days, counted from the entry into force of this Instruction.

Art. 3 CVM Instruction No. 100, of June 13, 1989, is hereby revoked.

Art. 4 This Instruction enters into force on the date of its publication.

Original signed by
MARTIN WIMMER
President