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Anhanguera Educacional Participacoes SA : Material Fact - Share Buyback Program

03/28/2013 | 05:48pm US/Eastern
MATERIAL FACT

Share Buyback Program

Anhanguera Educacional Participações S.A. ("Company"), pursuant to CVM Instruction 358/02 as well as CVM Instruction 10/80 hereby informs its shareholders and the market in general that, on March 28, 2013, Company's Board of Directors approved the Share Buyback Program of shares issued by the Company, and authorized the following:

i) Objective of the Program: To buyback Company's shares in order to maximize value creation for its shareholders', without capital reduction. The acquired shares will be held in treasury, cancelled, sold and/or might be used for the eventual exercise of options according to the Company's Stock Options Plan;

ii) Number of shares to be acquired: Up to 7,284,513 (seven million, two hundred eighty four thousand, five hundred and thirteen) shares, equivalent to 5% of the total of 145,690,261 (one hundred forty-five million, six hundred ninety thousand, two hundred sixty-one) outstanding shares, pursuant to article 5 of CVM Instruction 10/80;

iii) Program Period: The Program, which starts as of this date, will be extended for up to 365 (three hundred sixty-five) days, and will be carried out at the Company's convenience, limited to the funds available;

iv) Program Funding: the profit reserve accounts will be used for the acquisition of shares, excluding those reserves referred in article 7 of CVM Instruction 10/80;

v) Broker: Shares will be acquired through the following institutions:

  • Bradesco S.A. Corretora de Títulos e Valores Mobiliários, located at Av. Paulista, 1450, 7º andar, São Paulo - SP, corporate taxpayer's ID (CNPJ/MF): 61.855.045/0001-32
  • Santander Corretora de Câmbio e Valores Mobiliários S.A., located at Av. Presidente Juscelino Kubitschek, 2235, 24º andar, São Paulo - SP, corporate taxpayer's ID (CNPJ/MF): 51.014.223/0001-49.
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