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Material Fact - New Buyback Program


EZTEC announces New Buyback Program

São Paulo, September 3, 2008 − EZTEC S.A. (Bovespa: EZTC3; Bloomberg EZTC3:BZ) hereby informs its shareholders that it has concluded the buyback program announced on April 15, 2008. The Company will cancel 2,562,412 (two million, five hundred sixty-two thousand, four hundred and twelve) common shares held in treasury and acquired during the buyback program hereby concluded, with no reduction in capital. EZTEC reacquired 4,451,300 shares at the average price of R$ 3.72 per share.

Confident in its growth strategy, EZTEC also announces that the Board of Directors’ Meeting held on this date approved a new buyback program involving the repurchase of Company shares to be held in treasury for subsequent sale or cancellation, with no reduction in capital, using resources from the expansion reserve. Pursuant to article 30, paragraph 1, item b of Law 6404, of December 15, 1976, CVM Instruction 10, of February 14, 1980, and article 17, item XVI, of EZTEC S.A.’s Bylaws, the Share Buyback Program (“Program”) will be executed as follows:

Objective: to promote the efficient use of the Company’s cash resources, aiming to provide investors with long-term profitability through the buyback of the Company’s shares traded on the São Paulo Stock Exchange under the ticker EZTC3.

Free float: the Company’s free float currently comprises 40,384,487.00 (forty million, three hundred eighty four thousand, four hundred and eighty seven) common shares based on September 2, 2008.

Amount of shares to be acquired: the Program set the maximum number of shares to be bought at 2,500,000 (two million, five hundred thousand), representing approximately 6% (six percent) of common shares outstanding.

Duration: the Program will be executed within 365 (three hundred and sixty-five) days as of today, expiring on September 2, 2009.

Sociedade Corretora: Programa será realizado através das seguintes sociedades corretoras autorizadas: Gradual CCTVM S.A. (227) e Credit Suisse Brasil S.A. CTVM (45)

Brokerage Companies: the Program will be managed by Gradual CCTVM S.A. (227) and Credit Suisse Brasil S.A. CTVM (45).

Implementation of the Program: the Executive Board was authorized to take all the necessary measures for the implementation of the Program, as well as determining the timeliness of the operations within the limits established by CVM Instruction 10/80.

Through this initiative, EZTEC aims to underline its long-term commitment to its investors by reducing the value gap of its shares in the belief that their price is not consistent with current reality and future expectations.

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Contact IR

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