Biotoscana Investments S.A. commences an Equity Buyback Plan for 1,522,208 shares, representing 3% of its issued share capital under the authorization approved on April 25, 2018.

Biotoscana Investments S.A. (BOVESPA:GBIO33) commences share repurchases in the end of second quarter of 2018 under the program mandated by the shareholders in the General Meeting held on April 25, 2018. As per the mandate, the company is authorized to repurchase up to 1,522,208 BDRs, representing 3% of its issued and outstanding BDRs at a minimum price of BRL 2 per share and a maximum price of BRL 30 per share. The purpose of the buyback is to create value for shareholders by managing the company’s capital structure. The BDRs so acquired will be held in treasury, cancelled or allocated to any other plan approved by the company’s General Meeting. The plan will be valid for 18 months up to October 31, 2019. As on April 25, 2018, the company had 50,740,267 BDRs outstanding and no BDRs in treasury.