Material Fact – Company’s Share Repurchase Program


Mogi das Cruzes, August 20, 2015 – JSL S.A., hereby informs its shareholders and the market in general, that the Company‘s Board of Directors approved the cancellation of 5,799,134 shares currently held in treasury. Due to the cancellation, the capital share of the Company, changed from 216,799,134 to 211,000,000 common shares. It was also approved the launch of a new Shares Repurchase Program, which will have the following characteristics and conditions:

Repurchase the Company‘s shares, in order to maximize value to the shareholder without reducing capital stock, to be held in treasury, canceled, sold and/or used for possible exercise of options within the scope of share-based payment.

Number of shares to be repurchased: up to 7,428,370 common shares from the 75,509,595 common shares issued by the Company.

The program approved herein may be carried out at the Company‘s discretion, through its board of executive officers, in compliance with article 12 of CVM Instruction 10/80, within 365 days as of this date, i.e., until August 18, 2016.

To read the complete document, click here.

To read the Minutes of Board of Directors‘ Meeting, click here*