BrasilAgro - Brazilian Agricultural Real Estate Co 6-K, filed Sep 21, 2021
BrasilAgro - Brazilian Agricultural Real Estate Co (LND)
About this 6-K
BrasilAgro - Brazilian Agricultural Real Estate Co filed this 6-K on September 21, 2021.
FORM6-KU.S. SECURITIES AND EXCHANGE COMMISSION****Washington, D.C. 20549
REPORTOF FOREIGN PRIVATE ISSUERPURSUANT TO RULE 13a-16 OR 15d-16 OF THESECURITIES EXCHANGE ACT OF 1934
dated September 21, 2021
BRASILAGRO– COMPANHIA BRASILEIRA DE PROPRIEDADES AGRÍCOLAS(Exact Name as Specified in its Charter)
BrasilAgro– Brazilian Agricultural Real Estate Company
(Translation of Registrant’s Name)
1309Av. Brigadeiro Faria Lima, 5th floor, São Paulo, São Paulo 01452-002, Brazil
(Address of principal executive offices)
GustavoJavier Lopez,
AdministrativeOfficer and Investor Relations Officer,
Tel.+55 11 3035 5350, Fax +55 11 3035 5366, ri@brasil-agro.com
1309Av. Brigadeiro Faria Lima, 5^th^ floor
SãoPaulo, São Paulo 01452-002, Brazil
**(**Name, Telephone, E-mail and/or Facsimile number and Address of Company Contact Person)
Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.
Form 20-F ☒ Form 40-F ☐
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):
Indicate by check mark whether by furnishing the information contained in this Form, the registrant is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes ☐ No ☒
If “Yes” is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): Not applicable.
Exhibit Index
| 99.1 - Material Fact |
|---|
1
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this Report to be signed on its behalf by the undersigned, thereunto duly authorized.
| Date: September<br> 21, 2021 | By: | /s/<br> Gustavo Javier Lopez | |
|---|---|---|---|
| Name: | Gustavo<br> Javier Lopez | ||
| Title: | AdministrativeOfficer andInvestor Relations Officer |
2
Exhibit 99.1
MaterialFact
BRASILAGRO– COMPANHIA BRASILEIRA DE PROPRIEDADES AGRÍCOLAS
Publicly-Held Company with Authorized Capital
Corporate Taxpayer’s ID (CNPJ/MF) No. 07.628.528/0001-59
State Registry (NIRE) 35.300.326.237
Riodo Meio Farm Sale
BrasilAgro– Companhia Brasileira de Propriedades Agrícolas (B3: AGRO3) (NYSE: LND), complying with the provisions of Article 157, Paragraph 4 of Law 6404/76 and of Instruction No. 358/02 of the Brazilian Securities and Exchange Commission (“CVM”), informs its shareholders and the market in general that it has sold an area of 4,573 hectares (2,859 arable hectares) of Rio do Meio Farm, located in Correntina, Bahia state.
The total amount of the sale is 250 soybean bags per arable hectare or R$130,1 million (~R$45,507/arable ha). The buyer already made an initial payment of R$5.3 million and will pay another R$10.6 million in 2021. The remaining balance will be paid in seven annual installments.
From the accounting perspective, this plot of the Farm is valued in the Company’s books at R$40,0 million (acquisition cost + investments net of depreciation) and has an expected Internal Rate of Return (IRR) in R$ of 56.5%.
The property was acquired in January 2020 and had a total area of 12,288 hectares, resulting in a total of 7,715 hectares remaining in the portfolio after the sale. The area object of this sale was leased to third parties until 2027.
Such sale is in line with the Company’s business strategy that focuses not only on agricultural production but also on capital gains through the sale of properties.
SãoPaulo, September 20, 2021.
GustavoJavier Lopez
CAO& IRO
InvestorRelations:
Phone: +55 (11) 3035-5374
E-mail: ri@brasil-agro.com
