SÃO JOSÉ DOS CAMPOS, Brazil, Nov. 30, 2021 /PRNewswire/ -- Embraer S.A. ("Embraer" – EMBR3 and ERJ), as follow-up to the Material Fact published on October 28, 2021 and in compliance with CVM Resolution 44 and CVM Instruction 565, informs its shareholders that, on the date hereof, an Extraordinary Shareholders' Meeting, held on first call, approved the partial spin-off of Yaborã Indústria Aeronáutica S.A., enrolled with the Taxpayers' Register (CNPJ/ME) under No. 30.657.250/0001-60 ("Yaborã"), with transfer of the spun-off portion to Embraer, effective as of January 1, 2022 ("Transaction").
The Transaction will enable the commercial aviation business to be reintegrated by Embraer, which will be beneficial to Embraer and, consequently, to its shareholders, since, once the transaction is completed, the commercial aviation business will once again be developed directly by Embraer, resulting in a reduction in operating, systemic, administrative and tax costs.
Embraer further informs that the structural reorganization resulting from the Transaction requires the integration of Embraer's and Yaborã's information technology systems, which will occur during the month of January 2022. During such period, the company´s activities will be reduced, without prejudice to the continuity of its essential operations.
Embraer clarifies that all terms and conditions of the Transaction informed in the Material Fact dated October 28, 2021, pursuant to Annex 3 of CVM Instruction 565, remained unchanged.
Embraer will keep its shareholders, the market in general and all its employees, suppliers and customers informed of any material developments.
São José dos Campos, November 30, 2021
Antonio Carlos Garcia
Executive Vice-President of Finance and Investor Relations
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SOURCE Embraer S.A.