Key Developments: Sao Martinho SA (SMTO3.SA)

SMTO3.SA on Sao Paolo Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Sao Martinho SA announces consortium real state project with Alphaville Urbanismo in Sao Paulo
Monday, 27 Oct 2014 05:06pm EDT 

Sao Martinho SA:Announces development of real estate project in Sao Paulo State through a consortium with Alphaville Urbanismo.Project has a general sales value priced at 277 millions Brazilian reais.Project divided in 3 phases, first from 2016.As part of the partnership, Vale do Mogi Empreendimentos Imobiliarios (subsidary company), will concede 124.09 hectares of land, while Alphaville will be responsible for the elaboration and approval of the project, execution, coordination, marketing and commercialization.  Full Article

Sao Martinho SA reaches 92.14 pct stake in Santa Cruz SA Acucar e Alcool and sells entire stake in Agro Pecuaria Boa Vista SA
Friday, 8 Aug 2014 04:51pm EDT 

Sao Martinho SA:Says on Aug. 8, following approval from CADE on July 23, it concluded transaction with Luiz Ometto Participacoes SA (LOP) and other controlling shareholders of Santa Cruz SA Acucar e Alcool (SC).The company acquired 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 for the price of 315.8 million Brazilian reais.It also sold its entire stake in Agro Pecuaria Boa Vista SA (APBV) to LOP for 195.9 million reais and signed lease contract for sugar cane between SC and APBV for the period of 20 years.  Full Article

Sao Martinho SA appoints chief financial officer
Friday, 1 Aug 2014 08:23am EDT 

Sao Martinho SA:Appoints on July 31 Felipe Vicchiato Chief Financial Officer.  Full Article

Sao Martinho SA announces dividend payment
Friday, 1 Aug 2014 07:35am EDT 

Sao Martinho SA:Announces dividend payment totaling 40,405,000 Brazilian reais, or 0.359544368 reais per share.Record date July 31.Payment date Aug. 15.Ex-dividend date Aug. 1.  Full Article

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

Brazil's Sao Martinho profit jumps 66 pct on sugar and energy sales

SAO PAULO, Feb 9 - Brazil's Sao Martinho sugar and ethanol group said October-to-December net profit grew 66 percent from a year ago to 54.6 million reais ($19.7 million), crediting improved sales of sugar and biomass electricity.

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