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Vasta Announces Share Repurchase Program

VSTA Alert: Johnson Fistel Continues its Investigation of Securities Claims Against Vasta Platform; Investors Suffering Losses Encouraged to Contact Firm

Vasta acquires Redação Nota 1000

Vasta Platform Limited to Report Fourth Quarter 2020 Financial Results on March 30, 2021

Vasta Platform Limited to Report Fourth Quarter 2020 Financial Results on March 30, 2021
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Vasta to acquire Editora Eleva

Company”) (NASDAQ: VSTA) today announced the execution by its subsidiary, Somos Sistemas de Ensino S.A. (“ Somos Sistemas”), of a Sale and Purchase Agreement to acquire (the “ Acquisition”), subject to certain conditions precedent, Editora Eleva S.A. (“ Editora Eleva”), a K-12 education platform provider, from Eleva Educação S.A. (“ Eleva”). As consideration for the Acquisition, Vasta will pay a purchase price amounting to R$ 580 million, subject to certain price adjustments, in installments over a 5-year period (each installment adjusted by the positive variation of the CDI index), which corresponds to a multiple of 16.6x the EBITDA of Editora Eleva for the year ended on December 31, 2020.

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