Ser Educacional S A : Material Fact - Share Buyback Program
January 22, 2021 at 02:42 am IST
Share
Material Fact
Recife, January 21, 2021, Ser Educacional (B3 SEER3), one of Brazil's largest private education groups and a leader in the Northeast and North regions, pursuant to CVM Instruction 358, of January 3, 2002, as amended, and paragraph 4 of article 157 of Law No. 6,404, of December 15, 1976, as amended ('Brazilian Corporation Law'), hereby informs its shareholders and the market in general that its Board of Directors, at a meeting held on January 20, 2021, resolved on the approval of the Company's new share buyback program ('Buyback Program'), pursuant to CVM Instruction 567, of September 17, 2015.
Purpose
The Company's purpose in the execution of the Buyback Program is to invest available funds in the acquisition of common shares issued by the Company on a stock exchange, at market prices, without any decrease in the Company's capital stock, to remain in treasury, subsequent cancellation or reallocation of shares for the payment of any incentive plans approved by the Company's shareholders.
The Company understands that the Buyback Program will increase the value creation for its shareholders through the efficient management of the capital structure.
To access full document,click here.
IR Contact:
Rodrigo de Macedo Alves / Geraldo Soares de Oliveira Júnior
+55 (11) 2769-3223 | ri@sereducacional.com | http://ir.sereducacional.com
Media Relations:
Silvia Fragoso | +55 (81) 3412-6285 | silvia.fragoso@sereducacional.com
Ser Educacional SA published this content on 21 January 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 21 January 2021 21:11:07 UTC
Ser Educacional SA is a Brazil-based company principally engaged in the education sector. The Company focuses on developing post-secondary, vocational and higher education institutions. The Company provides undergraduate, graduate, masterâs degree and doctoral degree courses, Master of Business Administration (MBA) programs and vocational trainings. In addition, it manages research institutes that develop educational, scientific, political, economic and social projects. The Company also organizes national and international conferences in various areas, such as business administration, law, tourism, communications, information technology, health and education. The Company's education network is located in over10 Brazilian states amd consists of universities, colleges and a university center.
SER EDUCACIONAL S.A. 
