Inside Cremer: New Share Buyback Program
Blumenau, January 10th, 2014
Cremer S.A. (BM&F BOVESPA: "CREM3"), a supplier of products for healthcare in the areas of first aid, surgery, treatment and hygiene, informs, in accordance with CVM Instruction 358/02 and CVM Instruction nº 10/80, that the Company's Board of Directors in a meeting held today, approved:
i) the closing of the Share Buyback Program approved on December 19, 2013;
ii) the cancellation of 912,600 treasury shares;
iii) the opening of a new Share Buyback Program with the following characteristics:
(a) the objective is to acquire common shares to hold them in treasury for future cancellation or sale, without any capital reduction;
(b) the maximum number of shares to be repurchased is 821,520 common shares, corresponding to 10% of the total of 8,215,203 floating common shares;
(c) the maximum period for the completion of the repurchase transactions shall not exceed 365 days, starting on January 13, 2014 ending on January 13, 2015;
(d) acquisition transactions will be performed on the Stock Exchange of São Paulo, at market prices, with the intermediation of the following institutions:
i) Itaú Corretora de Valores S.A., CNPJ / MF n º 61.194.353/0001-64, with address at Av. Brigadeiro Faria Lima, n º 3400, 10th floor, CEP 04538-132,
ii) BTG Pactual Corretora deTítulos e Valores Mobiliários S.A., CNPJ / MF n º 43.815.158/0001-22, with address at Av. Brigadeiro Faria Lima,nº 3,477, 14th floor, Itaim Bibi, São Paulo / SP, CEP 04538-133,
iii) Bradesco S.A. Corretora de Títulos e Valores Mobiliários, CNPJ / MF n º 61.855.045/0001-32, with adress at Av. Paulista, nº1,450, 7th floor, São Paulo / SP, CEP 01310-100,
iv) Votorantim Corretora de Títulos e Valores Mobiliários Ltda., CNPJ / MF n º 01.170.892/0001-31, with address at Av. das Nações Unidas, nº14,171, 14th Floor, Torre A, São Paulo / SP, CEP 04794-000,
v) Merrill Lynch S.A. Corretora de Títulos e Valores Mobiliários, CNPJ / MF n º 02.670.590/0001-95, with address at Av. Brigadeiro Faria Lima, nº 3400, 16th floor, São Paulo / SP, CEP 04538-132.
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