PagSeguro Digital Ltd.
Notes to the consolidated financial statements
At December 31,
2019
(All amounts in thousands of reais unless otherwise stated)
PagSeguro Digital Ltd. (PagSeguro Digital or the Company) is a holding company, subsidiary of Universo Online S.A.
(UOL), referred to together with its subsidiaries as the PagSeguro Group, was incorporated on July 19, 2017. 99.99% of the shares of PagSeguro Internet S.A. (PagSeguro Brazil) were contributed to PagSeguro
Digital on January 4, 2018 and, PagSeguro Digital maintains control of PagSeguro Brazil.
PagSeguro Brazil is a privately held
corporation established on January 20, 2006, headquartered in the city of São Paulo, Brazil, and engaged in providing financial technology solutions and services and corresponding related activities, focused principally on
micro-merchants and small and medium-sized businesses (SMEs).
PagSeguro Brazil
subsidiaries are Net+Phone Telecomunicações Ltda. (Net+Phone), Boa Compra Ltda. (Boa Compra), BCPS Online Services LDA. (BCPS), R2TECH Informática S.A. (R2TECH), BIVACO Holding
S.A. (BIVA), Fundo de Investimento em Direitos CreditóriosPagSeguro (FIDC), Tilix Digital S.A. (TILIX), YAMÍ Software & Inovação Ltda. (YAMÍ) and
RegistraSeguro S.A. (RegistraSeguro).
In addition to our operations carried out by PagSeguro Brazil, on January 4, 2019,
PagSeguro Digital acquired 100% of BBN Banco Brasileiro de Negócios S.A. (renamed BancoSeguro S.A. BancoSeguro in February 2019), through BS Holding Financeira Ltd. (BS Holding), a holding company incorporated under
PagSeguro Digital.
On March 15, 2019, PagSeguro Group acquired 10% of the share capital of Netpos Serviços de
Informática S.A. (NETPOS). Total consideration paid amounted to R$1,500 which was settled in cash. PagSeguro Group acquired 10% of shares and does not have control of NETPOS operation, based on IFRS 3. NETPOS was not
consolidated in these financial statements.
These consolidated financial statements include BS Holding and its subsidiary BancoSeguro and
PagSeguro Brazil and its subsidiaries Net+Phone, Boa Compra, BCPS, R2TECH, BIVA, FIDC, TILIX, YAMÍ and RegistraSeguro.
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1.1.
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Initial Public Offering (IPO)
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On January 26, 2018, PagSeguro Digital completed its Initial Public Offering (IPO) in the United States of America issuing
50,925,642 new shares by PagSeguro Digital and 70,267,746 shares by the controlling shareholder UOL.
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