UNITED STATES 

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 6-K

 

REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934

 

For the month of September, 2019 

 

Commission File Number: 001-38992

 

Afya Limited

(Exact name of registrant as specified in its charter)

 

Alameda Oscar Niemeyer, No. 119, Sala 504

Vila da Serra, Nova Lima, Minas Gerais

Brazil

+55 (31) 3515 7550

(Address of principal executive office)

 

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:

 

Form 20-F

X

  Form 40-F  

 

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):

 

Yes     No

X

 

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):

 

Yes     No

X

 

 

 

 

 

 

TABLE OF CONTENTS

 

EXHIBIT  
99.1 Press release dated September 3, 2019 – Afya Limited Announces Establishment of New Stock Option Plan

 

 

 

 

SIGNATURE

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

    Afya Limited  
       
       
      By: /s/ Virgilio Deloy Capobianco Gibbon  
        Name: Virgilio Deloy Capobianco Gibbon  
        Title: Chief Executive Officer  

Date: September 3, 2019

 

 

Exhibit 99.1

 

 

 

Afya Limited Announces Establishment of New Stock Option Plan

 

Belo Horizonte, Brazil, September 3, 2019 – Afya Limited, or Afya (Nasdaq: AFYA) today announced that, as contemplated in its registration statement on Form F-1 in connection with its initial public offering, its Board of Directors approved the establishment of the new stock option plan (the “SOP”) on August 30, 2019, with the purpose of advancing the interests of Afya’s shareholders by enhancing its ability to attract, retain and motivate individuals to perform at the highest level.

 

The SOP and the applicable option agreement to be entered into between Afya and the beneficiary (the “Option Agreement”) will govern the issuance of equity incentive awards with respect to Afya’s Class A common shares (the “Options”). The Options will vest in five installments of 20%, starting on May 1 of the year following the date of execution of the Option Agreement with each beneficiary. The strike price of the Option will be set forth in the applicable Option Agreement, as defined by the Board of Directors, upon the granting of the Option to the beneficiary. If a beneficiary is dismissed by Afya, resigns, retires or dies, the portion of his or her Options under the SOP that has vested at that date will be satisfied, but the non-vested portion will be canceled. If a beneficiary is terminated for cause, all of his or her Options under the SOP will be canceled.

 

The maximum aggregate number of shares that can be issued to beneficiaries under the SOP may not exceed 4% of Afya’s share capital at any time.

 

About Afya

 

Afya is a leading medical education group in Brazil based on number of medical school seats, delivering an end-to-end physician-centric ecosystem that serves and empowers students to be lifelong medical learners from the moment they join us as medical students through their medical residency preparation, graduation program, and continuing medical education activities.

 

Contact: Investor Relations: ir@afya.com.br