Tranche Update on Adecoagro S.A.'s Equity Buyback Plan announced on September 23, 2013.
March 12, 2020 at 08:44 pm EDT
Share
From October 1, 2019 to December 31, 2019, the company has repurchased 398,466 shares, representing 0.34% for $2.51 million. With this, the company has completed the repurchase of 9,001,965 shares, representing 7.49% for $81.33 million under the buyback announced on September 23, 2013.
Adecoagro S.A. is a holding company. The Company is involved in a range of businesses, including farming crops and other agricultural products, dairy operations, sugar, ethanol and energy production and land transformation. The Company is organized into three main lines of business: farming; land transformation, and sugar, ethanol and energy. Its agricultural activities consist of harvesting certain agricultural products, including crops, rough rice and sugarcane, for sale to third parties and for internal use as inputs in its various manufacturing processes, and producing raw milk. Its manufacturing activities consist of selling manufactured products, including processed rice, sugar, ethanol and energy, among others, and providing services, such as grain warehousing and conditioning and handling and drying services, among others. The Company's land transformation activities consist of the acquisition of farmlands or businesses with underdeveloped or underutilized agricultural land.
ADECOAGRO S.A. 
