IOCHPE-MAXION S.A. Public-held Company CNPJ/MF nº 61.156.113/0001-75 NIRE 35.300.014.022 RELEVANT FACT

IOCHPE-MAXION S.A. ("Company"), pursuant to §4th of article 157 of Brazilian Law nº 6,404, dated December 15, 1976, as amended ("Brazilian Corporate Law"), and to the Instruction nº 358/02 of the Comissão de Valores Mobiliários (the "Brazilian Securities Commission" or "CVM"), hereby announces that the Board of Directors of the Company, at a meeting held on this date, approved a Share Repurchase Program ("SR Program") under the following conditions:

  • The SR Program aims at acquiring company-issued shares in light of the long term incentive plan of the Company, which contemplates the payment of a prize, in cash, to certain officers and key employees of the Company, adjusted in accordance with the increase of the Company´s shares' price on the stock exchange, and aims at eliminating or reducing the impact on the Company´s obligations as a result of such increase.

  • The Company may acquire up to 120,000 (one hundred and twenty thousand) common shares of its own emission.

  • The Company has: (i) 82,392,437 (eighty two million, three hundred and ninety two thousand, four hundred and thirty seven) floating shares and (ii) 266,043 (two hundred, sixty six thousand and forty three) treasury shares.

  • The term of the SR Program will be of 06 (six) months from September 12, 2016 (inclusive) until March 12, 2017.

  • The purchase of the shares will be carried out by the following financial institution: BTG Pactual Corretora de Títulos e Valores Mobiliários S.A., at Avenida Brigadeiro Faria Lima, nº 3.477, 14º floor, São Paulo - SP, Corporate Taxpayer´s ID (CNPJ) 43.815.158/0001-22.

In accordance with item 7.11.1 of the CVM Circular Letter number 02/16, the Attachment 30-XXXVI to the CVM Instruction No 480/09, containing information about the SR Program, is attached to the Minutes of the Board of Directors above mentioned. The board of officers will determine the timing and amount of shares to be acquired in compliance to the limits and the period set out in the program and applicable regulation. The Company will keep the acquired shares held in treasury and may sell them on the stock exchange and use the proceeds for the payment of the prize mentioned above.

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São Paulo, September 12, 2016.

Augusto Ribeiro Junior

Chief Financial and Investor Relations Officer

Iochpe-Maxion SA published this content on 12 September 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 12 September 2016 20:30:10 UTC.

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