EZTEC - Investor Relations Mobile

Material Fact - Share Buyback Program


EZ TEC EMPREENDIMENTOS E PARTICIPAÇÕES S.A. ("EZTEC"), in compliance with the terms of articles 157, paragraph 4 of Law No. 6404 of December 15th, 1976, as amended ("Brazilian Corporations Law"), and the article 2 of CVM’s Ruling No. 358 of 2002 and 567, of September 19th,2015, as amended, hereby informs its shareholders and the market in general that, at a meeting of the Company’s Board of Directors, held on March 19th,2020, it was approved, among other issues, the application of profits and/or reserves to carry out a share buyback program, in accordance with following terms and conditions:

Company’s objective:
Acquire shares issued by the Company to be held in treasury, with the objective of investing the Company‘s available resources to maximize the value generation for shareholders, since, in the view of the Company‘s management, the current value of its shares does not reflect the real value of its assets combined with the prospect of profitability and generation of future results.

Quantity of shares to be acquired:
The amount will be limited to 9.575.565 common shares, all nominal, book-entry with no par value.

Share Repurchase Program’s Duration:
The maximum term for the purchases and acquisitions is 3 (three) months, starting on March 20th,2020 and ending on June 22nd, 2020.

Outstanding shares:
95.755.649 common shares.

São Paulo, March 19th, 2020

Ernesto Zarzur
Chairman of the Board of Directors

Flavio Ernesto Zarzur Silvio Ernesto Zarzur
Chief Executive Officer Executive Vice-President

A. Emilio Clemente Fugazza
Investor Relations Officer

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For further information contact:
EZTEC S.A. - Investor Relations

Phone: +55 (11) 5056-8313
E-mail: ri@eztec.com.br

About EZTEC: With 40 years of operations, EZTEC is one of the most profitable publicly-traded companies in Brazil’s real estate development and building industry. Based on its fully integrated business model, EZTEC has already launched 144 projects, totaling more than 4.4 million square meters of built area and area under construction, and 30,908 units. EZTEC S.A. is listed on the Novo Mercado special corporate governance segment of the São Paulo Stock Exchange (BM&FBOVESPA) under the ticker EZTC3.

"This release contains forward-looking statements relating to the prospects of the business, estimates for operating and financial results, and those related to growth prospects of EZTEC. These are merely projections and, as such, are based exclusively on the expectations of the Company’s management concerning the future of the business and its continued access to capital to fund its business plan. Such forward-looking statements depend, substantially, on changes in market conditions, government regulations, competitive pressures, the performance of the Brazilian economy and the industry, among other factors and risks disclosed in the Company’s filed disclosure documents and are, therefore, subject to change without prior notice".

Contact IR

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