EZTEC - Investor Relations Mobile

EZTEC Concluded its Program for the Sale of Treasury Shares


EZTEC S.A. (Bovespa: EZTC3; Bloomberg EZTC3: BZ) hereby announces that, on April 4, 2011, it concluded its program for the sale of shares held in treasury, as approved by the Board of Directors on January 27, 2011.

In April 2008, EZTEC approved its first stock buyback program, through which it acquired 4,451,300 shares at an average cost of R$3.72 per share, of which 2,562,412 were canceled with no reduction in capital, and 1,888,888 were retained in treasury. This program was concluded in September 2008, as determined by the Board of Directors, which, on the same date, approved a second buyback program, through which the Company acquired a further 1,552,700 shares at an average cost of R$2.35 per share. Consequently, on December 31, 2010, considering both programs, there were 3,441,588 shares held in treasury, at an average cost of R$3.10 per share.

On January 27, 2011, the Company’s Board of Directors approved the sale of 3,441,588 shares held in treasury and authorized the Executive Board to undertake the operation within 365 days. In fact, it was concluded on April 4, 2011, and all the shares were sold at an average price of R$14.31, generating a gain of R$38.6 million. Consequently, EZTEC now has a free float of 29.1%, corresponding to 42,663,699 shares.

In order to increase the liquidity of the shares, they were distributed among individual investors and more than 15 entities (including hedge funds, asset management firms with a long-term focus and proprietary desks of banks), the latter, in lots of around 200,000 shares.

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Telephone: +55 11 5056 8313
E-mail: ri@eztec.com.br