SLC Agrícola S.A. (BM&FBOVESPA: SLCE3; ADR's: SLCJY; BLOOMBERG: SLCE3:BZ; Reuters: SLCE3.SA) ("SLC Agrícola"), one of the world's largest producers of grains and fibers, announces to its shareholders and the market that, it was concluded, on the first half of January, 2018, the share buyback program approved by the Company's Board of Directors on September of 2017 and disclosed in Material Fact the following day.
During the program, 1,100,000 (one million, one hundred thousand) common shares were acquired, representing on this date 1.1% of the Company's capital stock.
As informed on the occasion of the opening of the program, the repurchased shares are intended to maximize the generation of shareholder value. The shares will be held in treasury for cancellation, which will be held at the next Extraordinary General Meeting.
Porto Alegre, January,17, 2018.
Ivo Marcon Brum
CFO & IRO
SLC AGRÍCOLA S.A.
Rua Bernardo Pires, 128 4º andar Bairro Santana CEP 90.620-010 Porto Alegre RS Brasil
SLC Agrícola SA published this content on 17 January 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 17 January 2018 20:04:08 UTC.
SLC Agricola SA is a Brazil-based company principally engaged in agricultural sector. The Company is active in the in the whole agricultural production cycle, which includes planning, purchasing supplies, soil preparation, planting and harvesting, as well as processing and storage, among others. The Company's activities are divided into two business segments: Agricultural production and Land portfolio. The Agricultural production division focuses on developing plantations of various crops, such as cotton, soybean, corn, wheat, coffee, sorghum, sugarcane and sunflower. The Land portfolio division is responsible for the acquisition and development of land for agriculture. The Company operates through a number of subsidiaries, such as Fazenda Planorte Empreendimentos Agricolas Ltda, SLC-MIT Empreendimentos Agricolas SA and Fazenda Parnaiba Empreendimentos Agricolas Ltda.