FMR LLC, an investment firm located in Boston, sent a letter to Mills Estruturas e Serviços de Engenharia S.A. informing them that it has reduced its ownership of Mills' common shares to less than 5% of the company's total voting equity. Specifically, the funds managed by FMR LLC collectively hold 6,231,810 common shares of Mills, representing 4.96% of the company's total common shares. FMR LLC stated this equity participation is for investment purposes only and not intended to change Mills' control or administrative structure. FMR LLC also noted it does not hold any convertible debentures of Mills and has no agreements in place regarding voting rights or purchase and
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FMR LLC, an investment firm located in Boston, sent a letter to Mills Estruturas e Serviços de Engenharia S.A. informing them that it has reduced its ownership of Mills' common shares to less than 5% of the company's total voting equity. Specifically, the funds managed by FMR LLC collectively hold 6,231,810 common shares of Mills, representing 4.96% of the company's total common shares. FMR LLC stated this equity participation is for investment purposes only and not intended to change Mills' control or administrative structure. FMR LLC also noted it does not hold any convertible debentures of Mills and has no agreements in place regarding voting rights or purchase and
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Sent only to CVM and BM&FBOVESPA
Mills announces reduction of ownership
Rio de Janeiro, February 27, 2012 - Mills Estruturas e Servios de Engenharia S.A. (Mills) informs that it received today a letter from FMR LLC, located at 82 Devonshire Street, Boston, Massachusetts 02109, United States, informing that it reduced its aggregate ownership of common shares of Mills, achieving the threshold of less than 5% of the total voting equity of the Company. The funds under its management collectively reached a total of 6,231,810 common shares, which represents 4.96% of the total common shares of the Company, on February 27, 2012. As informed by FMR LLC, such equity participation is held only for investment purpose and is not aimed at changing the control or the administrative structure of the Company. Furthermore, FMR LLC informed that it does not hold any convertible debentures issued by Mills and has not entered into agreements or undertakings governing the exercise of voting rights or the purchase and sale of securities issued by Mills.
For further information, contact: +55-21-2123-3700 [email protected]
[email protected] This press release may include declarations about Mills expectations regarding future events or results. All declarations based upon future expectations, rather than historical facts, are subject to various risks and uncertainties. Mills cannot guarantee that such declarations will prove to be correct. These risks and uncertainties include factors related to the following: the Brazilian economy, capital markets, infrastructure, the real estate and oil & gas sectors, among others, and governmental rules that are subject to change without prior notice. To obtain further information on factors that may give rise to results different from those forecast by Mills, please consult the reports filed with the Brazilian Comisso de Valores Mobilirios (CVM).