Refers to two tranches granted being the first issued on July 23, 2020 and November 10, 2020. The Company compensates part of its employees and management. This plan will grant up to 3% of the. | May 31, 2022
Operator
Ladies and gentlemen, thank you for standing by, and welcome to the Vasta Platform fourth-quarter 2020 conference call. [Operator instructions] After the speaker presentation there will be a question-and-answer session. [Operator instructions] Please be advised that today s conference may be recorded. [Operator instructions] I would now like to hand the conference over to your speaker today, Bruno Giardino, investor relations manager.
Please go ahead.
Investor Relations Manager
Good morning, everyone, and thank you for joining me in this conference call to discuss Vasta Platform s fourth-quarter 2020 results. With me on the call today, we have Mario Ghio, Vasta s CEO; Clovis Poggetti, our CFO; and Guilherme Melega, Vasta s COO. During today s presentation, our executives will make forward-looking statements. Forward-looking statements generally relate to future events or future financial or operating performance and involve known and unknown risks, uncertainties and othe
that happening well those of us what is happening this is a populist party it s the right mind the party they have to cope with you have to be of they are off this but you cannot for bed to them because of fifteen to twenty per cent of the people are voting for this party we have to work against this against this mind makers but we cannot work against the democratic way off behavior that is what it does what it does there are a part of the german parliament now it depends on how weak the democrats are going and getting along with us and doing against this we are doing very important work and we appreciate you taking the time thank you even here to come and talk with this. is a member of the greens and a member of the german parliament thank you thank you. well now to a story about doping the russians and the olympics today the court of arbitration for sport overturned it wife time doping bans for twenty eight russian athletes