Market Maker

In order to guarantee the best trading environment for its shares and in line with the best practices of Corporate Governance, Hidrovias do Brasil hired BTG Pactual Corretora de Títulos e Valores Mobiliários S.A. (“BTG Pactual”) as its market maker.

A market maker is an agent who undertakes to maintain buy and sell offers on a regular and continuous basis at a maximum established spread, facilitating share trading and avoiding artificial price swings caused by lack of liquidity.

The São Paulo Stock Exchange – B3 – has been encouraging the companies to hire market makers aiming to promote negotiations with its shares and increase their liquidity. Hidrovias do Brasil decision of participating in this process reinforces its commitment to investors and to the best trading practices.

Type of Security Shares
Ticker HBSA3
Maximum Spread 3%
Minimum Trading Amount 2,000 shares
Market Maker BTG Pactual CTVM S.A.
Term of Contract 1 (one) year, renewed for another equal period
Contract Effective as of 05/24/2022
Market Maker Activities Started on 05/25/2022

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