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Material Fact

Termination of the Share Buyback Program

Recife, January 9, 2018, Ser Educacional (B3 SEER3, Bloomberg SEER3:BZ and Reuters SEER3.SA), one of the largest private education groups in Brazil and the leader in the Northeast and North regions, pursuant to CVM Instruction 358, of January 3, 2002, as amended, CVM Instruction 567, of September 17, 2015, and paragraph 4 of article 157 of Law 6,404, of December 15, 1976, as amended ("Brazilian Corporate Law"), hereby informs its shareholders and the market in general that its Board of Directors, at a meeting held on January 9, 2018, unanimously approved, without restrictions, the termination of the Share Buyback Program approved by the Company’s Board of Directors on January 9, 2017 ("Program").

During the term of the Program, between January 9, 2017 and January 9, 2018, the Company did not purchase its common shares. Please note that, from the creation of the Company’s first share buyback program, on January 12, 2015, to the present date, the Program termination date, the Company acquired three hundred and seventy-seven thousand and five hundred (377,500) common shares.

The common shares acquired since the first buyback program will be held in treasury for subsequent cancellation or allocation to other plans that may be approved at future Company’s Shareholders’ Meeting.

At the moment, the Company does not have plans to renew and/or create a new share buyback program.

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