MINUTES OF THE MEETING OF THE BOARD OF DIRECTORS - Form 6-K
November 09, 2021 at 03:29 am IST
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MINUTES OF THE MEETING OF THE BOARD OF DIRECTORS
("Meeting")
1.Date, Time and Place: October 28, 2021, at 11:00 a.m, by an exclusively digital meeting, pursuant to item 6.4 of the Internal Rules of Suzano's ("Company") Board of Directors.
2.Attendance: The following Directors attended the Meeting: David Feffer (Chairman of the Board of Directors), Claudio Thomaz Lobo Sonder (Vice-Chairman of the Board of Directors), Daniel Feffer (Vice-Chairman of the Board of Directors), Maria Priscila Rodini Vansetti Machado (Director), Nildemar Secches (Director), Ana Paula Pessoa (Director), Rodrigo Calvo Galindo (Director), Rodrigo Kede de Freitas Lima (Director), Paulo Rogerio Caffarelli (Director) and Hélio Lima Magalhães (Director). The Executive Officers of the Company, Gabriella Moll and Stefan Tasoko also participated in the meeting.
3.Chairman and Secretary: The Meeting was chaired by Mr. David Feffer and Mr. Stefan Tasoko acted as secretary.
4.Agenda: To resolve on: (i) the results and quarterly financial information (ITR) for the quarter ended September 30, 2021; (ii) to approve the engagement of Banco Nacional de Desenvolvimento Econômico e Social ("BNDES") for a Revolving Credit Limit, as well as approving the constitution of a mortgage guarantee in favor of BNDES within the scope of the transaction; (iii) the review of the Company's Code of Conduct; and (iv) the authorization of the Company's Board of Executive Officers, to take all the measures that may be necessary for the effectiveness of the resolutions approved.
5.Minutes in Summary Form: The Directors unanimously approved the drawing up of these minutes in summary form.
6.Resolutions: After analyzing and discussing the matters on the agenda, the Directors present at the Meeting unanimously and without reservations, resolved:
6.1.To express favorably on the results and quarterly financial information (ITR) for the quarter ended September 30, 2021, as presented to the Board of Directors and filed at the Company's headquarters, also authorizing its respective disclosure pursuant to the applicable legislation.
6.2.To approve the engagement of BNDES for a Revolving Credit Limit in the amount of up to R$ 3 billion, destined for recurrent investments by the Company, which may
(continued from the Board of Directors Meeting of Suzano S.A., held on October 28, 2021 at 11:00a.m)
contemplate: (a) implementation, expansion and modernization of fixed assets; (b) acquisition of new machinery and equipment, including industrial sets and systems, produced in the country and accredited with BNDES, which present nationalization indexes equal to or greater than 60% (sixty percent) or that comply with the Basic Productive Process; (c) studies and engineering projects related to the implementation and expansion of fixed assets; (d) implementation of quality and productivity projects, research and development, technical and managerial training, technological upgrading and information technology; (e) working capital associated exclusively with investments for the implementation or expansion of fixed assets, calculated according to the specific needs of the enterprise; (f) social investment projects and programs; (g) environmental investments; and (h) investments in research, development and innovation, within the period defined in the Documents for the Use of Credit Limits (DUCL), according to the Operational Policies of the BNDES in effect.
Furthermore, the Directors expressly approved the constitution of a mortgage guarantee in favor of the BNDES on the property where the Três Lagoas, MS industrial complex is currently installed, registration number 84.752 of the Real Estate and Mortgage, Securities and Documents Registry Office of the District of Três Lagoas, MS, including the encumbrance, besides the land, the constructions, installations, machinery, equipment, and any present and future accessions, to guarantee the Revolving Credit Limit referred to in item 6.2 above.
6.3.To approve the revision of the Company's Code of Conduct, thus replacing the version currently in effect.
6.4.Regarding the approvals above, the members of the Board of Directors decide to authorize the Company's Executive Board of Officers to perform any and all acts and sign any and all documents necessary for the execution of the resolutions approved herein.
7.Closure:There being no further business to discuss, the Meeting was closed. The minutes of the Meeting was drafted, read and approved by all the Directors present.
São Paulo, SP, October 28, 2021.
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David Feffer
Chairman of this Meeting and Chairman of the Board of Directors
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Stefan Tasoko
Secretary of this Meeting
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Claudio Thomaz Lobo Sonder
Vice-Chairman of the Board of Directors
_____________________________
Daniel Feffer
Vice-Chairman of the Board of Directors
(continued from the Board of Directors Meeting of Suzano S.A., held on October 28, 2021 at 11:00a.m)
_____________________________
Maria Priscila Rodini Vansetti Machado
Director
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Nildemar Secches
Director
______________________________
Ana Paula Pessoa
Director
_____________________________
Rodrigo Calvo Galindo
Director
_____________________________
Rodrigo Kede de Freitas Lima
Director
_____________________________
Paulo Rogerio Caffarelli
Director
_____________________________
Hélio Lima Magalhães
Director
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Suzano SA published this content on 08 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 08 November 2021 21:57:00 UTC.
Suzano SA, formerly Suzano Papel e Celulose SA is a Brazil-based forestry company. It is a developer of products made from eucalyptus forests and a vertically integrated producer of eucalyptus pulp and paper in Latin America. Its purpose is to manufacture, trade, import and export pulp, paper and other products. The Companyâs product portfolio includes coated and uncoated printing and writing paper, paperboard, tissue paper, market pulp and fluff pulp. Suzanoâs operations are divided into two segments: Pulp and Paper. The Pulp segment includes the production and commercialization of eucalyptus pulp for the foreign market, with the surplus destined for the domestic market, while the Paper segment covers the activities of production and sale of uncoated and coated paperboard and tissue. The Company has numerous subsidiaries, including Fibria Terminal de Celulose de Santos Spe SA, FuturaGene Biotechnology Shanghai Co Ltd and Suzano Pulp and Paper Europe SA.