Ser Educacional S.A. announces an Equity Buyback for 2,950,000 shares, representing 8.14% of its issued share capital.
January 08, 2017
Share
Ser Educacional S.A. (BOVESPA:SEER3) announces a share repurchase program. Under the program, the company will repurchase up to 2,950,000 common shares, representing 8.13% of the shares outstanding in the market. The repurchased shares will be held in treasury, cancelled or aimed at other plans approved by shareholders. The purpose of the repurchase program is to generate value to shareholders by managing the company’s capital structure. The company does not expect the trading to impact its shareholding structure or administrative structure. The Board of Directors will define the dates when the buyback will be effectively carried out. The share repurchase program is valid for 365 days, until January 9, 2018. As of January 9, 2017, the company has 36,244,602 outstanding shares and has 377,500 shares in treasury.
Ser Educacional SA is a Brazil-based company principally engaged in the education sector. The Company focuses on developing post-secondary, vocational and higher education institutions. The Company provides undergraduate, graduate, masterâs degree and doctoral degree courses, Master of Business Administration (MBA) programs and vocational trainings. In addition, it manages research institutes that develop educational, scientific, political, economic and social projects. The Company also organizes national and international conferences in various areas, such as business administration, law, tourism, communications, information technology, health and education. The Company's education network is located in over10 Brazilian states amd consists of universities, colleges and a university center.
SER EDUCACIONAL S.A. 
