Kroton Educacional S.A. (“Company”), in compliance with the provisions in article 157, paragraph 4, of Law no. 6,404, as of 12.15.1976, as amended, and with the provisions in the Instruction of the Brazilian Securities and Exchange Commission (“CVM”) no. 358, as of 01.03.2002, as amended, informs its shareholders and the market in general that, at a meeting of its Board of Directors held on 04.10.2008, considering the current price level of the shares issued by the Company in the market, an acquisition program of share deposit certificates (“Units) representing registered common and preferred shares issued by the Company was approved, to be executed by Editora e Distribuidora Educacional Ltda., a subsidiary of the Company, with Corporate Taxpayer’s ID (CNPJ/MF) no. 38.733.648/0001-40 (“Editora”), in accordance with the Annual Meeting of Partners of Editora held on 04.10.2008 and in compliance with the terms of the official letter issued by the CVM (Official Letter/CVM/SEP/GEA-2/no. 035/08) on 02.18.2008 (“CVM Official Letter”), of article 21, item “x”, of the Company’s Bylaws, of CVM Instruction no. 10, as of 02.14.1980, as amended (“CVM Instruction no. 10”), and of articles 30 and 244 of Law no. 6,404/76, as amended, in the following conditions:
Company’s Purpose in the Operation and Criteria: acquisition of Units representing common and preferred shares issued by the Company on the account of Editora for maintenance among the assets of Editora and subsequent disposal, without reducing the Company’s capital, in compliance with the terms of CVM Official Letter, of CVM Instruction no. 10 and of other applicable legal and regulatory provisions.
Number of Units to be Acquired: up to 800,000 Units, corresponding to 800,000 common shares and 4,800,000 preferred shares issued by the Company, which, pursuant to the definition of article 5 of CVM Instruction no. 10, represent 6.5% of the common shares and 6.5% of the outstanding preferred shares issued by the Company, being, therefore, within the maximum limit determined by article 3 of CVM Instruction no. 10.
Number of Outstanding Shares: 12,276,250 Units, corresponding to 12,276,250 common shares and 73,657,500 preferred shares issued by the Company, which, pursuant to the definition of article 5 of CVM Instruction no. 10, represent 10.7% of the common shares and 69.7% of the outstanding preferred shares issued by the Company.
Term for the Acquisitions: up to 365 days counted as of 04.10.2008.
Financial Institution which will be the Intermediary: Credit Suisse (Brasil) S.A. Corretora de Títulos e Valores Mobiliários, a company with Corporate Taxpayer’s ID (CNPJ/MF) no. 42.584.318/0001-07, with headquarters in the city of São Paulo, State of São Paulo, at Av. Brigadeiro Faria Lima, n° 306, 13° e 14° andar.
April 10, 2008
Alicia Maria Gróss Figueiro Pinheiro
Executive Vice President and Investor Relations Officer.
For further information, please click here.