Governance Model

Pague Menos is listed on the segment “Novo Mercado” of B3. Special segment of investment securities that stablishes differentiated rules of corporate governance and stricter market information disclosure than those ones stablished on Brazilian Corporate Law.

The Company’s stocks are negotiated under the ticker “PGMN3”.

By joining the Novo Mercado segment, the Company voluntarily submitted to the best coporate governance standards  in the market, among which the following stand out: issuing of common shares only, maintenance of at least 25% of outstanding shares of the Company’s capital, among others; constitution of an Auditing Comittee, internal approval of Board of Directors regiment and their acessoring comittes; and stablishment of an Internal Controls area in the Company.