Shareholding structure
On June 30, 2020, BrasilAgro’s subscribed and paid-up capital stock was R$699,811, versus R$584,224 on June 30, 2019. Capital stock was increased due to the merger of Agrifirma, upon the issue of 5,215,385 new book-entry, registered common shares without par value, subscribed and paid up by Agrifirma’s shareholders. On that occasion, a subscription warrant of up to 654,487 new book-entry common shares, with no par value, has been issued to AB Holdings, Agrifirma shareholder. The Company is allowed to increase its capital stock, without amendment to the bylaws, to the limit of R$3,000,000,000 upon Board of Directors resolution.
After the close of this report’s fiscal year, there was a share issuance, which changed the Company’s shareholding structure. To check the current shareholder base, click here.
Ownership Breakdown on 06/30/2020
| Shareholder | Shares |
|---|---|
| Cresud¹ | 19,910,800 |
| Autonomy Capital | 8,269,800 |
| Charles River Capital | 5,574,150 |
| Elie Horn¹² | 3,581,750 |
| Treasury | 2,921,376 |
| Other² | 21,846,425 |
| Total | 62,104,301 |
Notes: (1) Founding shareholder.
(2) Shareholders with less than 5% of total shares.
BrasilAgro was the first agriculture company to go public in B3’s (São Paulo Stock Exchange) Novo Mercado segment and the first Brazilian agribusiness company to have its ADRs (American Depositary Receipts) traded on NYSE (New York Stock Exchange). Given that it is traded on the North American Stock Exchange, the Company complies with the SEC (Securities and Exchange Commission) requirements and, therefore, with the Sarbanes-Oxley Act (SOX), which asserts the control and transparency mechanisms and measures as well as good corporate governance practices.
Shareholders and investors can find material facts, notices to the market, earnings releases and documents submitted to the CVM (Brazilian Securities and Exchange Commission) on the Investor Relations website, which is constantly updated.
AGRO 3 X IBOVESPA (BASE 100 = 06/28/2019 – 12/31/2020)
Note: The Company currently does not have a policy on allocation of income as it understands that compliance with the Brazilian Corporate Law and its own Bylaws is enough to ensure the return on investment for shareholders.