The Company released a material fact to report that the warrants of BrasilAgro - Companhia Brasileira de Propriedades Agrícolas (“BRASILAGRO”), which have been granted to the founders of the company in 2006, matured today.
The Company informs that it has exercised all its direct and indirect holdings corresponding to 181,368 warrants that grant the right to receive 14,542,083 new ordinary shares. The strike price of the warrants was BRL 22.1165 per share, for which the amount invested reached to BRL 321.6 million (approximately USD 61.9 million).
For this purpose, the Company used part of the funds from the capital increase carried out last February and, additionally, obtained a bank loan, through its subsidiary Helmir SA, for an amount of USD 35 million at a fixed rate of 5.75% maturing in three years.
BRASILAGRO (BVMF: AGRO3; NYSE: LND) is an agricultural company with operations in Brazil, Paraguay, and Bolivia, through which CRESUD develops its regional expansion strategy. At the close of the day, the share was listed on Novo Mercado at a price of BRL 32.5.