Arco Platform Limited acquired additional 11.48% stake in International School Serviços de Ensino, Treinamento e Editoração, Franqueadora S.A. for BRL 67.5 million on January 23, 2017. This is through the capitalization of advances for future capital increases amounting to BRL 0.01 million, that the Company paid in cash in 2016. This resulted in the dilution of the other shareholders and increasing its ownership from 40% to 51.48% and also obtaining control of International School. Upon acquiring control of International School, Arco Platform Limited and the former controlling shareholder agreed to amend the exercise dates of the call and put options originally issued in 2015. Arco Platform Limited completed the acquisition of additional 11.48% stake in International School Serviços de Ensino, Treinamento e Editoração, Franqueadora S.A. on January 23, 2017.