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Additional Information about Mandatorily Convertible Debentures

Barretos, July 17th, 2011 - Minerva S.A. (BOVESPA: BEEF3; Bloomberg: BEEF3.BZ; Reuters: BEEF3.SA), one of the market leaders in South America in the production and sale of fresh beef, live cattle and byproducts, with operations also in the beef, pork and poultry processing segment, informs its shareholders and the general market:

The Board of Directors of the Company, in accordance with a recommendation from the CVM, approved an amendment to the use of proceeds in connection with it’s second offering of mandatorily convertible debentures, issued in a single series and mandatorily convertible into our common shares (the “Offering”) currently under the review of the Brazilian Association of Financial and Capital Markets Entities (Associação Brasileira das Entidades dos Mercados Financeiro e de Capitais — ANBIMA) under the terms of the CVM Instruction No. 400 of December 29, 2003, as amended and CVM Instruction no. 471 of August 8, 2008.

The Preliminary Brazilian Prospectus of the Offering (“Preliminary Brazilian Prospectus”) will be updated as soon as we enter into an amendment to the Private Instrument of Deed of the 2nd (second) Issuance of Public Debentures, Mandatorily Convertible into Common Shares, in a single series, of Minerva S.A. dated May 19, 2011, as amended, formalizing the change to the use of proceeds.

The timing of the Offering, as described in the Preliminary Brazilian Prospectus, will not be altered as a result of the above change to the use of proceeds.

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