Notice to the Market
Belo Horizonte, May 10, 2011 - Kroton Educational S.A. (“Kroton” or “Company” - BM&FBovespa: KROT11), hereby informs its shareholders and the market that it concluded today the share buyback program (“program”) approved on May 11, 2010, in view of the expiration of the program’s maximum term.
During the program, the Company acquired two hundred and ninety-three thousand, eight hundred (293,800) Units, corresponding to two hundred and ninety-three thousand, eight hundred (293,800) common shares and one million, seven hundred and sixty-two thousand, eight hundred (1,762,800) preferred shares and now holds one million, three hundred and seventy-two thousand, five hundred and thirty-six (1,372,536) Units in treasury, corresponding to one million, three hundred and seventy-two thousand, five hundred and thirty-six (1,372,536) common shares and eight million, two hundred and thirty-five thousand, two hundred and sixteen (8,235,216) preferred shares.
Equivalent to 2.06% of the Companys total capital stock, these shares are held as assets of Kroton and its subsidiary Editora e Distribuidora Educacional S.A. and as the case may be, are available for subsequent sale, with no reduction in the Company’s capital, in compliance with the provisions in CVM Letter, CVM Instruction 10, and other applicable legal provisions and regulations.
For further information, please contact the Investor Relations Department:
Carlos Lazar - IR Officer
Phillipe Casale - IR Analyst
Telephone: + 55 (11) 3775.2288 or + 55 (11) 3775.2003
Kroton Educacional is one of the largest private for-profit educational organizations, operating in the Brazilian education sector for over 45 years. Kroton’s business model is comprehensive and unique, including post secondary education, as well as primary and secondary education. The Company is present nationwide and has 36 post secondary education campuses, in 9 Brazilian states and 26 cities, serving 85,400 students on December 31st, 2010. Kroton operates in both the public and the private sectors of primary and secondary education, serving 720 Associated Schools in all Brazilian states, which had nearly 265,000 students at year-end 2010.