Sabesp - Material Fact
Sabesp has announced a continuation of the exemption from water and sewage bill payments for consumers categorized as "Residencial Social" and "Residencial Favela".
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Rhea-AI Summary
Sabesp has announced a continuation of the exemption from water and sewage bill payments for consumers categorized as "Residencial Social" and "Residencial Favela". This decision follows previous material facts and is in line with Resolution nº 1,038 published by the São Paulo State Sanitation and Energy Regulatory Agency (ARSESP). This exemption applies to bills due in August 2020, aimed at supporting vulnerable communities during challenging economic times.
Positive
- Continued support for vulnerable communities through exemption from water/sewage bills.
Negative
- None.
Details
News Market Reaction – SBS
The recorded move for SBS in the trading session of this news was -5.05%.
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AI-generated analysis. How Rhea-AI works. Not financial advice.
SÃO PAULO, Aug. 14, 2020 /PRNewswire/ -- Companhia de Saneamento Básico do Estado de São Paulo – Sabesp ("Sabesp" or "Company"), in compliance with the provisions of Article 157, Paragraph 4, of Law 6,404/76 and the provisions of Instruction 358 of the Brazilian Securities and Exchange Commission ("CVM"), informs to its shareholders and the market in general that, in continuity to the Material Facts dated on March 19, April 9, June 3 and July 1, 2020, the São Paulo State Sanitation and Energy Regulatory Agency (ARSESP) published Resolution nº 1,038, extending the exemption from paying water/sewage bills, due in August, for consumers in the "Residencial Social" and "Residencial Favela (Shantytown)" categories.
The full text of ARSESP Resolution nº 1,038 is available on Sabesp's website, in the Investor Relations area.
IR Contacts:
Mario Arruda Sampaio – (55 11) 3388-8664 (maasampaio@sabesp.com.br)
Angela Beatriz Airoldi – (55 11) 3388-8793 (abairoldi@sabesp.com.br)
View original content:http://www.prnewswire.com/news-releases/sabesp--material-fact-301112800.html
SOURCE Sabesp
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