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MarketScreener Homepage  >  Equities  >  Bolsa de valores de Sao Paulo  >  Minerva SA    BEEF3   BRBEEFACNOR6

MINERVA SA (BEEF3)
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Minerva : Notice to the Market - Bonds Buyback and Cancellation

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07/12/2018 | 11:50pm CEST

MINERVA S.A.

Publicly-Held Company

Corporate Taxpayer's ID (CNPJ/MF): 67.620.377/0001-14

Company Registry (NIRE): 35.300.344.022

NOTICE TO THE MARKET

Minerva S.A. ("Minerva" or "Company"), the South American leader in the export of fresh beef and cattle byproducts, which also operates a processed foods segment, hereby informs its shareholders and the market in general as of the date hereof, its management concluded the repurchase and subsequent cancellation of bonds issued by the Company on the international market.

The Company cancelled US$46,089,000.00 aggregate principal amount of 6.500% notes due 2026 and US$6,877,000.00 aggregate principal amount of 5.875% notes due 2028.

The Company recorded the cancelled notes as an asset under the line item, cash and cash equivalents, and as a liability under the line item, indebtedness. The notes cancellation did not change the Company's leverage ratio, measured as Net Debt divided by EBITDA.

The Company reaffirms its commitment to keeping its shareholders and the market in general informed of any further developments regarding this matter and of any other matters of interest to the market.

Barretos, July 12, 2018

Minerva S.A. Eduardo Pirani Puzziello Investor Relations Officer

Disclaimer

Minerva SA published this content on 12 July 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 12 July 2018 21:49:01 UTC

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Financials (BRL)
Sales 2018 14 978 M
EBIT 2018 853 M
Net income 2018 144 M
Debt 2018 6 398 M
Yield 2018 2,48%
P/E ratio 2018 -
P/E ratio 2019 6,00
EV / Sales 2018 0,50x
EV / Sales 2019 0,45x
Capitalization 1 066 M
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Mean consensus OUTPERFORM
Number of Analysts 14
Average target price 11,2  BRL
Spread / Average Target 138%
EPS Revisions
Managers
NameTitle
Fernando Galletti de Queiroz Chief Executive Officer
Edivar Vilela de Queiroz Chairman
Iain Anderson Mars Chief Operating Officer
Eduardo de Toledo Chief Financial Officer
Ibar Vilela de Queiroz Director
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