CYRELA BRAZIL REALTY S.A. EMPREENDIMENTOS E PARTICIPAÇÕES
Corporate Taxpayer’s ID (CNPJ/MF) 73.178.600/0001-18
AN AUTHORIZED CAPITAL PUBLICLY-HELD COMPANY
MATERIAL FACT
CYRELA BRAZIL REALTY S.A EMPREENDIMENTOS E PARTICIPAÇÕES ("CYRELA BRAZIL
REALTY"), in accordance to CVM Instruction No. 358 of January 3, 2002, hereby informs its shareholders
and the market in general that on June 11, 2014 the Board of Directors authorized:
1. The closing of the Buyback Program approved by the Board of Directors on September 3, 2013.
2. Cancellation of 16,916,030 (sixteen million, nine hundreds and sixteen thousand and thirty)
st
ordinary shares held in treasury, in accordance with article 30, paragraph 1 , item b, of Law
6.404/76, without reduction of the Company’s registered capital.
3. Opening a new Buyback Program to acquire Company shares to be held in treasury for future
sale or cancellation, and the proceeds of such transaction will be invested with the aim to
maximize the value to shareholders. The acquisitions will observe the limits and conditions as
determined by CVM Rule 10/80, as amended.
I. Purpose: to acquire Company shares to be held in treasury for future sale or cancellation. The proceeds
of such transaction will be invested with the aim to maximize the value to shareholders.
II. Number of shares to be acquired: up to 26,187,698 (twenty six million, a hundred and eighty-seven
thousand and six hundreds and ninety-eight) book-entry registered common shares with no par value
issued by the Company.
III. Deadline for the buy-back program: 365 (three hundred and sixty-five) days from this date.
IV. Number of outstanding shares: 261,876,984 (two hundreds and sixty-one million, eight hundreds and
seventy-six thousand, nine hundreds and eighty-four) common shares, pursuant to CVM Rule 10/80, and
as registered in a stock deposit account with the depositary institution on June 10, 2014.
V. Place for acquisition: BM&FBOVESPA S.A. – Bolsa de Valores, Mercadorias e Futuros (São Paulo
Stock, Commodities and Futures Exchange).
VI. Maximum price of the shares: The shares will be acquired at market prices.
VII. Authorized brokers: (i) Citigroup Global Markets Brasil, Corretora de Cambio, títulos e Valores
Mobiliários S.A., with head offices in the City of São Paulo, State of São Paulo, at Avenida Paulista, 1,111
– 11th floor, or (ii) Itaú Corretora de Valores S/A, with head offices in the City of São Paulo, State of São
Paulo, at Avenida Brigadeiro Faria Lima, 3400 – 10th floor.
São Paulo, June 11, 2014
CYRELA BRAZIL REALTY S.A. EMPREENDIMENTOS E PARTICIPAÇÕES
ERIC ALENCAR
FINANCIAL DIRECTOR AND INVESTOR RELATIONS DIRECTOR
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