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Proposal for Stock Split

São Paulo, November 9, 2016 - São Martinho S.A. (BM&FBovespa: SMTO3; Reuters: SMTO3 SA and Bloomberg: SMTO3 BZ), one of Brazil‘s leading sugar and ethanol producers, in compliance with CVM Instruction 358/02 and the best corporate governance practices, announces to its shareholders and the market that the Board of Directors‘ meeting held today decided to submit to the Extraordinary Shareholders Meeting, to be called opportunely, the proposal to split all the common shares issued by the Company such that for each common share, three new common shares will be issued to the holder, with the same rights and benefits enjoyed by existing shares, with no change in the capital stock, which will now be divided into three hundred thirty-nine million, nine hundred eighty-seven thousand, six hundred twenty-one (339,987,621) registered, book-entry common shares without par value.

Sincerely,

Felipe Vicchiato
Chief Financial and Investor Relations Officer

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