Duratex S A : 12/17/2020 Material Fact - Share Buyback Program
December 17, 2020 at 05:23 pm EST
Share
CNPJ nº 97.837.181/0001-47
A Public Listed Company
MATERIAL FACT
SHARE BUYBACK PROGRAM
DURATEX S.A. ("Duratex" or "Company"), hereby informs that, at a meeting held on these data, its Board of Directors approved the institution of a repurchase program for the acquisition of common shares issued by it ("Share Buyback Program"), in the following terms:
Purpose of the operation:
The acquisition aims to meet the obligations
assumed for the next 3 fiscal years, resulting from
stock option plans and share-based compensation
plans granted to executives and employees.
Deadline for carrying out the operation:
12 months (12/18/2020 to 12/18/2021)
Maximum shares that can be repurchased
5,000,000
ordinary
shares
(representing
within the period:
approximately 1.83% of the total number of shares).
Shares outstanding in the market:
273,813,447 ordinary shares
Number of treasury shares on this date
1,223,698 ordinary shares
Company Profit Reserve (Profit Retention +
R$ 559,425,327.96
Statutory Reserve) on 09/30/2020
Financial institute that will be used:
Itaú Corretora de Valores S/A
The Minutes of the Board of Directors' Meeting that approved the Share Buyback Program, containing all the information required by the o Annex 30-XXXVI of CVM Instruction n° 480/09, are available on the Comissão de Valores Mobiliários website (cvm.gov.br), B3 S.A. - Brasil, Bolsa, Balcão website (b3.com.br) and Company`s Investor Relations website (duratex.com.br/ir).
São Paulo (SP), December, 17, 2020.
Carlos Henrique Pinto Haddad
Vice President of Administration, Finance and Investor Relations
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Duratex SA published this content on 17 December 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 17 December 2020 22:22:00 UTC
Dexco SA, formerly known as Duratex SA, is a Brazil-based company primarily engaged in the manufacture of wood panels. The Company operates in three business segments: Wood, Deca and Ceramic Tiles. The Wood division is responsible for the production of hardboard; medium density particle (MDP) panels; medium, high and super density fiberboard (MDF, HDF and SDF) panels; laminate flooring, named Durafloor, and components for the furniture industry. The Deca division focuses on the production of sanitary ceramic and metal products under Deca and Hydra brand names. The Ceramic Tiles division produces polished porcelain tiles, special coatings and other tiles under Ceusa and Portinari brand names. The Company operates industrial plants and commercial branches in Brazil, Colombia, Peru and the United States, among others.
DEXCO S.A. 
