MRV, Light, and Desktop Announce Key Leadership and Other Decisions

MRV (MRVE3) has elected Nicola Calicchio Neto as Vice Chairman of the Board of Directors until the next General Assembly.

Calicchio has a robust career in consultancy and board roles, having worked for nearly 30 years at McKinsey.

Over the past four years, he served as Chief Strategy Officer at Softbank Group International and Senior Advisor at Morgan Stanley.

He has also been a board member for companies like Hapvida, Península, CNN Brasil, UNICEF Brazil, and MASP, and served on the Advisory Board of SAF Cruzeiro.

Currently, he is Chairman of the Board at CIMED and the Brazilian Student Association (BRASA).

Calicchio holds a degree in Civil Engineering from UFMG and an MBA from MIT Sloan School of Management.

Light Initiates Scheme of Arrangement in the UK

Light (LIGT3), undergoing judicial recovery, announced the start of a “scheme of arrangement” in the UK to restructure its foreign-issued securities.

This step is part of the recovery plan approved in May, aimed at reorganizing its debt and balancing its capital structure.

The company will provide details on how other bondholders can join the Restructuring Support and Lock-up Agreement.

These measures aim to strengthen Light’s position during the restructuring process.

Desktop Approves Issuance of R$ 300 ($55) Million in Debentures

The Board of Directors of Desktop (DESK3) approved the issuance of simple, non-convertible debentures worth R$ 300 million.

These debentures will mature in seven years from the issuance date, with a maturity date of June 15, 2031. The funds will be used for expenses related to building telecommunications infrastructure.

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MRV, Light, and Desktop Announce Key Leadership and Other Decisions

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