Key Developments: Sao Martinho SA (SMTO3.SA)

SMTO3.SA on Sao Paolo Stock Exchange

39.80BRL
4:05pm EDT
Price Change (% chg)

R$ -0.10 (-0.25%)
Prev Close
R$ 39.90
Open
R$ 39.94
Day's High
R$ 39.94
Day's Low
R$ 39.45
Volume
206,400
Avg. Vol
156,338
52-wk High
R$ 40.75
52-wk Low
R$ 23.72

Search Stocks

Latest Key Developments (Source: Significant Developments)

Sao Martinho SA announces proposal of dividend payment
Tuesday, 17 Jun 2014 06:54pm EDT 

Sao Martinho SA:Says on June 16 it approved proposal of dividend payment totaling 40,405,000 Brazilian reais, or 0.359544 reais per share.Payment date Aug. 15.  Full Article

Sao Martinho SA to reach 92.14 pct stake in Santa Cruz SA Acucar e Alcool and to sell entire stake in Agro Pecuaria Boa Vista SA
Tuesday, 6 May 2014 07:51am EDT 

Sao Martinho SA:Signs on May 5 memorandum of understanding with Luiz Ometto Participacoes SA (LOP) and other controlling shareholders of Santa Cruz SA Acucar e Alcool (SC).According to memorandum, it will acquire additional stake in SC from LOP and other shareholders reaching a 92.14 percent stake, from a 36.09 pct stake, in the share capital of SC.It will also sell its entire stake in Agro Pecuaria Boa Vista SA (APBV) to LOP and sign lease contract for sugar cane between SC and APBV for the period of 20 years.  Full Article

Sao Martinho SA acquires stake in Santa Cruz SA Acucar e Alcool
Tuesday, 18 Feb 2014 08:14am EST 

Sao Martinho SA:Says it has acquired a 3.9 percent stake in the share capital of Santa Cruz SA Acucar e Alcool (Santa Cruz), reaching a 36.08 percent stake in its share capital.Taking into account that Santa Cruz holds a 45.23 percent stake in Agropecuaria Boa Vista SA, the transaction also implies purchase of an additional 1.76 percent in Agropecuaria Boa Vista SA.The total value of the acquisition amounts to 15.3 million Brazilian reais, to be paid in three annual installments.  Full Article

Sao Martinho SA Adjusts Value per Share for Dividend
Friday, 9 Aug 2013 07:38am EDT 

Sao Martinho SA announced that it has adjusted value per share for dividends approved on July 31, 2013 from BRL 0.267302 to BRL 0.267301564.  Full Article

Sao Martinho SA Announces Proposal of Dividend Payment
Wednesday, 10 Jul 2013 11:25am EDT 

Sao Martinho SA announced the proposal of dividend payment in the amount of BRL 30 million, corresponding to BRL 0.267302 per share, to be paid out on August 15, 2013. Record date is July 31, 2013 and shares will be traded ex-dividend as of August 1, 2013. The proposal will be submitted to the Extraordinary and Ordinary General Meeting of the Company to be held on July 31, 2013.  Full Article

Sao Martinho SA Announces Incorporation of Its Wholly-Owned Subsidiary
Tuesday, 9 Apr 2013 08:44am EDT 

Sao Martinho SA announced that its Board of Directors on April 8, 2013 approved the proposal of merger by incorporation of its wholly-owned subsidiary, Mirtilo Investimentos e Participacoes SA. The proposal will be submitted to the shareholders on Extraordinary General Meeting to be held on April 25, 2013.  Full Article

Sao Martinho SA Announces Acquisition of Usina Sao Carlos Farm Assets from Biosev SA
Tuesday, 18 Dec 2012 08:59am EST 

Sao Martinho SA announced acquisition of all farm assets of Usina Sao Carlos, a mill controlled by Biosev SA, for BRL 199.6 million. These assets were transferred to a company called Newco, a company established for this transaction. Along with Newco, Sao Martinho SA is acquiring a sugar warehouse with capacity for 40,000 tons. The operations at Usina Sao Carlos will be shut down by Biosev SA.  Full Article

Sao Martinho SA Appoints Chief Financial Officer
Tuesday, 14 Aug 2012 08:18am EDT 

Sao Martinho SA announced that its Board of Director appointed Mr. Augusto Brauna Pinheiro Chief Financial Officer (CFO) of the Company.  Full Article

Sao Martinho SA Announces Dividend Payment
Monday, 30 Jul 2012 07:54am EDT 

Sao Martinho SA announced that, on General Ordinary and Extraordinary Meeting held on July 30, 2012, it approved dividend payment in the total amount of BRL 36,084,054.77 corresponding to BRL 0.321343 per share to the shareholders on record as of July 27, 2012. The payment will be done on August 15, 2012. Shares will be traded ex-dividends as of July 30, 2012.  Full Article

CORRECTED-Profit at Brazil sugar-ethanol group Sao Martinho drops 50 pct

(Corrects second paragraph to delete reference to Boa Vista being a former asset of sugar and ethanol group Biosev)

Search Stocks