Vale was incorporated on June 1, 1942. It was listed on the Rio de
Janeiro Stock Exchange on October 26, 1943, on the São Paulo Stock
Exchange (BOVESPA) on April 04, 1968, on the Latibex, a stock exchange
for Latin American securities based in Madrid, on February 8, 2000, the
New York Stock Exchange (NYSE) on June 20, 2000.
On December 2017, Vale announced its migration to the Novo Mercado, a
special listing segment of B3 S.A. – Bolsa, Balcão, Brasil, Novo
Mercado, which has a distinguished standard in corporate governance. The
listing in this special segment entails the adoption of a set of
corporate and governance rules and enhances the disclosure of policies
and the existence of transparency, monitoring and control structures.
The special class preferred shares, Golden Shares, must be the property of
the country. The holder of the special class preferred shares has the same
rights (including with respect to voting and dividend preference) as
holders of preferred class A shares. In addition, the holder of the golden
shares is entitled to veto any proposed action relative to the following