 SÃO PAULO, Brazil, Feb. 22, 2021 GLOBE NEWSWIRE -- Vasta Platform Limited Company NASDAQ: VSTA today announced the execution by its subsidiary, Somos Sistemas de Ensino S.A. Somos Sistemas, of a Sale and Purchase Agreement to acquire the Acquisition, subject to certain conditions precedent, Editora Eleva S.A. Editora Eleva, a K-12 education platform provider, from Eleva Educação S.A. Eleva. As consideration for the Acquisition, Vasta will pay a purchase price amounting to R 580 million, subject to certain price adjustments, in installments over a 5-year period each installment adjusted by the positive variation of the CDI index, which corresponds to a multiple of 16.6x the EBITDA of Editora Eleva for the year ended on December 31, 2020. 