Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Bolsa de valores de Sao Paulo  >  Sul America SA    SULA11   BRSULACDAM12

SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets 

Sul America SA : Material Fact - Approved the Share Buy-Back Program

share with twitter share with LinkedIn share with facebook
share via e-mail
0
02/28/2013 | 11:53pm CET

SUL AMÉRICA S.A.
Corporate Taxpayers' ID (CNPJ/MF): 29.978.814/0001-87
Company Registry (NIRE): 3330003299-1
Publicly Held Company
CVM Nº 21121

MATERIAL FACT

Pursuant to article 2 of CVM Instruction 358 of January 3, 2002, and CVM Instruction 10 of February 14, 1980, as amended, Sul América S.A. hereby informs its shareholders and the market in general that the Company's Board of Directors, at the meeting held on February 28, 2013, approved the share buy-back program, within the following conditions:

Objective: to acquire share depository certificates (units), each representing one common share and two preferred shares issued by the Company, to be held in treasury and later used in the Stock Option Plan. The management considers that such operation is in the best interest of the Company considering the Company's market growth and profitability, as well as available reserves pursuant to CVM Instruction 10. The acquisition will be carried out at the São Paulo Stock, Futures and Commodities Exchange (BM&FBOVESPA S.A.- Bolsa de Valores, Mercadorias e Futuros) at market price, been the Officers' duty to decide the moment and the amount of shares to be acquired, either in a single or in a series of operations, within the limits laid down by the applicable law.

Number of shares to be acquired: up to 3,201,665 units, representing 3,201,665 common shares and 6,403,330 preferred shares, corresponding to 3% of the units in free float and approximately 0.4% of the total number of shares issued by the Company as of January 31, 2013.

Deadline for acquisition: the period for the acquisition is 365 days from today, ending on February 27, 2014.

Free float: 320,308,557 shares, of which 106,863,011 are common shares and 213,445,546 are preferred shares, compounding 106,722,159 units.

Treasury Stock: currently, the company holds 16,315,012 shares in treasury, of which 5,438,339 are common shares and 10,876,673 are preferred shares.

Authorized Brokers:

BTG PACTUAL CTVM S.A.
Av. Brigadeiro Faria Lima 3729, 10º andar, parte, São Paulo/SP, CEP 04538-905

ITAÚ CORRETORA DE VALORES S.A.
Av. Brigadeiro Faria Lima 3400, 10º andar, São Paulo/SP, CEP 04538-132

MERRILL LYNCH S.A. CTVM
Av. Brigadeiro Faria Lima 3400, 16º andar, parte A, São Paulo/SP, CEP 04538-132

SANTANDER BRASIL S.A. CTVM
Rua Hungria 1400, 4º andar, São Paulo/SP, CEP 01455-000

Rio de Janeiro, February 28, 2013.

Arthur Farme d'Amoed Neto
Investor Relations Officer

distributed by
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on SUL AMERICA SA
02/21 SUL AMERICA : Management Proposal – A/EGM
2016 SUL AMERICA : Notice to Shareholders - Payment of Interest on Shareholders' Equi..
2016 SUL AMERICA : Material Fact - 4th Debenture Issuance
2016SUL AMERICA SA : quaterly earnings release
2016 SUL AMERICA SA : ex-dividend day for interim dividend
2016 SUL AMERICA : Notice to Shareholders - Payment of Dividends and Interest on Shar..
2016 SUL AMERICA : Notice to the market - Changes in the composition of Audit Committ..
2015 SUL AMERICA : Notice to the Market - Request for Information - Letter 3873/2015 ..
2015 SUL AMERICA : Notice to the Market - CEF Mortgage Insurance
2015 SUL AMERICA : Notice to the Market - Closing of the sale of large risks portfoli..
More news
Sector news : Health Insurance
12:57pDJCHINA LIFE INSURANCE : 2016 Net Profit Down 45% at CNY19.13 Billion
03/22DJPING AN INSURANCE OF CHINA : 2016 Net Profit up 15% at CNY62.39 Billion
03/21DJAVIVA : Companies Scout for EU Locations as Brexit Nears
03/20 British regulator to focus more on protecting insurance policyholders
03/20 ABERDEEN ASSET MANAGEMENT : Standard Life's CEO to run day-to-day business after..
More sector news : Health Insurance
Advertisement
Financials ( BRL)
Sales 2017 17 342 M
EBIT 2017 535 M
Net income 2017 734 M
Debt 2017 -
Yield 2017 2,74%
P/E ratio 2017 9,09
P/E ratio 2018 8,61
Capi. / Sales 2017 0,38x
Capi. / Sales 2018 0,35x
Capitalization 6 648 M
More Financials
Chart SUL AMERICA SA
Duration : Period :
Sul America SA Technical Analysis Chart | SULA11 | BRSULACDAM12 | 4-Traders
Full-screen chart
Technical analysis trends SUL AMERICA SA
Short TermMid-TermLong Term
TrendsNeutralBullishBullish
Technical analysis
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 11
Average target price 19,3  BRL
Spread / Average Target -0,92%
Consensus details
EPS Revisions
More Estimates Revisions
Managers
NameTitle
Gabriel Portella Fagundes Filho Chief Executive Officer
Patrick Antonio de Larragoiti Lucas Chairman
Marco Antonio Antunes da Silva Vice President-Operations & Technology
Guilherme Affonso Ferreira Independent Director
Isabelle Rose Marie de Ségur Lamoignon Director
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
SUL AMERICA SA9.56%2 157
MEDIBANK PRIVATE LTD2.48%6 014
COMPANY FOR COOPERATIV..--.--%3 208
BUPA ARABIA FOR COOPER..--.--%2 549
NIB HOLDINGS LIMITED21.26%1 867
QUALICORP SA-3.38%1 741
More Results