Criterion News

• 10/11/2017 - Shell Divesting 16.8% Interest in Comgas for $380 Million to Cosan Ltd.

Press Releases

7/3/2020 - 2019 Sustainability Report And Commitments To Sustainable Development
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2019 Sustainability Report And Commitments To Sustainable Development
Source: PR Newswire
NEW YORK, July 2, 2020 /PRNewswire/ -- COSAN LIMITED (NYSE: CZZ), Cosan S/A (B3: CSAN3) and Cosan Logística S/A (B3: RLOG3) are pleased to announce to all employees, partners, clients, and stakeholders the publication of the 2019 Annual Sustainability Report.
Sustainability has always been integrated into Cosan Group's core values and forms an important part of our long-term decision-making processes. As our Annual Sustainability Report releases today, we want to solidify the Group's effort towards promoting a sustainable future and its growing importance in a post-pandemic world.
Our companies are leaders in their respective segments, driving innovation towards a future of clean energy, as well as more efficient and reliable logistics in Brazil.
To ensure a more sustainable future, we made our 10 commitments to sustainable development public for the first time, in alignment with the 17 United Nations Sustainable Development Goals (SDGs). These goals are integrated into the Group's strategy, with many already ingrained into the company's culture. We will continue to track and measure our progress across all our portfolio companies into 2030.
Cosan has a unique portfolio with a strong culture based on sustainable core values. The team heavily focuses on the present while planning for a better future.
To learn more about the Group's sustainability vision and goals, you can access the Sustainability Report here.
São Paulo, July 2, 2020
Marcelo Eduardo Martins
Chief Financial and Investor Relations Officer
View original content:http://www.prnewswire.com/news-releases/2019-sustainability-report-and-commitments-to-sustainable-development-301087932.html
SOURCE Cosan Limited; Cosan S/A; Cosan Logística S/A

Article Date
7/3/2020
Close
6/10/2020 - Cosan Limited informs approval of dividend payment to its shareholders
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Cosan Limited informs approval of dividend payment to its shareholders
Source: PR Newswire
NEW YORK, June 10, 2020 /PRNewswire/ -- COSAN LIMITED (NYSE: CZZ) announces to shareholders that, in the Meeting of the Board of Directors held on May 29, 2020, it was approved the distribution of dividends in accordance with the following terms: 
To Holders of class A and/or B shares (NYSE: CZZ):
i.	shareholders will receive payment of dividends relative to the 2019 fiscal year ended on December 31, 2019, in the total amount of US$25,000,000.00 (twenty five million US Dollars), corresponding to US$0.11189896 per class A and/or B shares;
ii.	the dividends Declaration Date is June 10, 2020;
iii.	the above mentioned dividends Record Date will be June 20, 2020;
iv.	CZZ shares will trade "ex" as of June 18, 2020;
v.	dividends Payment Date will be June 26, 2020.
 
São Paulo, June 10, 2020
Marcelo Eduardo Martins
Chief Financial and Investor Relations Officer
View original content:http://www.prnewswire.com/news-releases/cosan-limited-informs-approval-of-dividend-payment-to-its-shareholders-301074071.html
SOURCE Cosan Limited

Article Date
6/10/2020
Close
6/3/2020 - Cosan Limited Announces the Filing of Its Annual Report on Form 20-F for Fiscal Year 2019
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Cosan Limited Announces the Filing of Its Annual Report on Form 20-F for Fiscal Year 2019
Source: PR Newswire
NEW YORK, June 3, 2020 /PRNewswire/ -- Cosan Limited (NYSE: CZZ) (the "Company") announces to its shareholders and to the market that its Annual Report on Form 20-F, reporting its financial and operational data for 2019 was filed with the U.S. Securities and Exchange Commission (the "SEC"). The document has been posted on the Company's investor relations website, at http://ir.cosanlimited.com, and can also be accessed by visiting the SEC's website, at http://www.sec.gov.
The Company's shareholders may receive a hard copy of this document, which contains the complete audited financial statements of the Company, free of charge upon request. Requests should be directed to:
Investor Relations Department
Av. Faria Lima, 4,100 – 16th floor
São Paulo – SP, 04538-132, Brazil
Phone: + 55 (11) 3897 9797
Fax: + 55 (11) 3897 9798
Email: ri@cosan.com.br  
32 East 57^th Street
New York, New York, 10022, United States
Phone: +1 (646) 849 9957
São Paulo, June 3, 2020
Marcelo Eduardo Martins
Chief Financial and Investor Relations Officer
View original content:http://www.prnewswire.com/news-releases/cosan-limited-announces-the-filing-of-its-annual-report-on-form-20-f-for-fiscal-year-2019-301070452.html
SOURCE Cosan Limited

Article Date
6/3/2020
Close
9/30/2019 - Cosan Limited Announces Final Results Of Its Tender Offer
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Cosan Limited Announces Final Results Of Its Tender Offer
Source: PR Newswire
SAO PAULO, Sept. 30, 2019 /PRNewswire/ -- Cosan Limited (NYSE: CZZ) announced today the final results of its tender offer to purchase its Class A common shares, or the shares, at (i) prices specified by the tendering shareholders of not greater than U.S.$15.50 nor less than U.S.$13.05 per share or (ii) at the purchase price determined in accordance with the tender offer. The tender offer expired at 11:59 p.m., New York City time, on September 25, 2019.
Based on the final count by Computershare Trust Company, N.A., the Depositary for the tender offer (the "Depositary"), a total of 10,244,806 Class A common shares of Cosan were properly tendered and not properly withdrawn at the final cash purchase price of U.S.$15.50 per share.
Accordingly, Cosan acquired 10,244,806 shares at a purchase price of U.S.$15.50 per share, for a total cost of approximately U.S.$158.8 million, excluding fees and other expenses related to the tender offer. These shares represent 7.55% of the issued and outstanding Class A common shares of Cosan as of September 27, 2018. The Depositary will promptly pay for the Class A common shares accepted for purchase.
After giving effect to the purchase of the Class A common shares, Cosan will have 125,477,259 outstanding Class A common shares.
Cosan funded the share purchases in the tender offer from its cash and investments.
Cosan's tender offer was made pursuant to an Offer to Purchase and Letter of Transmittal, each dated August 28, 2019 and as amended on September 12, 2019 and September 26, 2019.
About Cosan
Cosan Limited (NYSE: CZZ) is an energy and infrastructure conglomerate and, when considered together with our joint venture entities formed with Shell Brazil Holdings B.V. (i.e., Raízen Combustíveis S.A. and Raízen Energia S.A., collectively known as "Raízen"), a Brazilian market reference in fuel distribution, sugar and ethanol production, natural gas distribution and railway-based logistics.
All statements contained in this press release, other than statements of historical fact, are forward-looking statements, including those regarding the tender offer described in this press release. These statements speak only as of the date of this press release and are based on our current plans and expectations and involve risks and uncertainties that could cause actual future events or results to be different from those described in or implied by such forward-looking statements, including risks and uncertainties regarding: changes in financial markets; changes in economic, political or regulatory conditions or other trends affecting the ethanol, sugar and logistics industries; and changes in facts and circumstances and other uncertainties concerning the completion of the tender offer. Further information about these matters can be found in our Securities and Exchange Commission filings. Except as required by applicable law or regulation, we do not undertake any obligation to update our forward-looking statements to reflect future events or circumstances.
View original content:http://www.prnewswire.com/news-releases/cosan-limited-announces-final-results-of-its-tender-offer-300927544.html
SOURCE Cosan Limited

Article Date
9/30/2019
Close
9/26/2019 - Cosan Limited Announces Preliminary Results Of Its Tender Offer
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Cosan Limited Announces Preliminary Results Of Its Tender Offer
Source: PR Newswire
SÃO PAULO, Brazil, Sept. 26, 2019 /PRNewswire/ -- Cosan Limited (NYSE: CZZ) announced today the preliminary results of its tender offer to purchase its Class A common shares, or the shares, at (i) prices specified by the tendering shareholders of not greater than U.S.$15.50 nor less than U.S.$13.05 per share or (ii) at the purchase price determined in accordance with the tender offer. The tender offer expired at 11:59 p.m., New York City time, on September 25, 2019.
Based on the preliminary count by Computershare Trust Company, N.A., the Depositary for the tender offer (the "Depositary"), a total of 10,244,806 Class A common shares of Cosan were properly tendered and not properly withdrawn at a price of U.S.$15.50 per share, the maximum cash purchase price in the price range specified in the tender offer, including 1,782,583 shares that were tendered through notice of guaranteed delivery.
In accordance with the terms and conditions of the tender offer, and in view of the preliminary results, Cosan expects to accept for payment an aggregate of 10,244,806 shares at a purchase price of U.S.$15.50 per share. The shares expected to be repurchased represent 7.55% of Cosan's issued and outstanding Class A common shares as of September 25, 2019.
The number of shares to be purchased and the purchase price per share are preliminary and subject to change. The determination of the final number of shares to be purchased and the final purchase price per share is subject to confirmation by the Depositary of the proper delivery of all shares validly tendered and not withdrawn, including shares to be delivered in accordance with notices of guaranteed delivery within the settlement period. The actual number of shares validly tendered and not withdrawn and the final purchase price per share will be announced following the completion of the confirmation process and the expiration of the guaranteed delivery period. Payment for the shares accepted for purchase will occur promptly thereafter. Payment for shares will be made in cash, without interest.
About Cosan
Cosan Limited (NYSE: CZZ) is an energy and infrastructure conglomerate and, when considered together with our joint venture entities formed with Shell Brazil Holdings B.V. (i.e., Raízen Combustíveis S.A. and Raízen Energia S.A., collectively known as "Raízen"), a Brazilian market reference in fuel distribution, sugar and ethanol production, natural gas distribution and railway-based logistics.
All statements contained in this press release, other than statements of historical fact, are forward-looking statements, including those regarding the expected timing of the tender offer described in this press release. These statements speak only as of the date of this press release and are based on our current plans and expectations and involve risks and uncertainties that could cause actual future events or results to be different from those described in or implied by such forward-looking statements, including risks and uncertainties regarding: changes in financial markets; changes in economic, political or regulatory conditions or other trends affecting the ethanol, sugar and logistics industries; and changes in facts and circumstances and other uncertainties concerning the completion of the tender offer. Further information about these matters can be found in our Securities and Exchange Commission filings. Except as required by applicable law or regulation, we do not undertake any obligation to update our forward-looking statements to reflect future events or circumstances.
View original content:http://www.prnewswire.com/news-releases/cosan-limited-announces-preliminary-results-of-its-tender-offer-300925991.html
SOURCE Cosan Limited

Article Date
9/26/2019
Close
8/28/2019 - Cosan Limited Announces Commencement Of Tender Offer To Repurchase Up To U.S.$357,500,000 Of Its Class A Common Shares At Price Not Greater Than U.S.$14.10 Nor Less Than U.S.$12.00 Per Share
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Cosan Limited Announces Commencement Of Tender Offer To Repurchase Up To U.S.$357,500,000 Of Its Class A Common Shares At Price Not Greater Than U.S.$14.10 Nor Less Than U.S.$12.00 Per Share
Source: PR Newswire
SÃO PAULO, Aug. 28, 2019 /PRNewswire/ -- Cosan Limited (NYSE: CZZ) announced today that it has commenced a tender offer to purchase up to U.S.$357,500,000 of its Class A common shares, or the shares, at (i) prices specified by the tendering shareholders of not greater than U.S.$14.10 nor less than U.S.$12.00 per share or (ii) at the purchase price determined in accordance with the tender offer. The NYSE closing price of the shares on August 27, 2019, the last full trading day before the commencement of the tender offer, was U.S.$12.82 per share.
When the tender offer expires, Cosan will determine the lowest price per share within the range of prices specified above that will enable it to purchase the maximum number of shares having an aggregate purchase price not exceeding U.S.$357,500,000. All shares purchased in the tender offer will be purchased at the same price. All shares tendered at prices higher than the purchase price will be promptly returned to shareholders. If the tender offer is fully subscribed, Cosan would repurchase between 18.7% and 22.0% of its issued and outstanding shares as of August 28, 2019, depending on the purchase price payable in the tender offer.
The tender offer will expire at 11:59 p.m., New York City time, on September 25, 2019, unless extended by Cosan. Tenders of shares must be made on or prior to the expiration of the tender offer and may be withdrawn at any time on or prior to the expiration of the tender offer. The tender offer is subject to a number of terms and conditions described in the Offer to Purchase that is being distributed to shareholders.
Shareholders will receive the purchase price in cash, subject to applicable withholding and without interest, for shares tendered at prices equal to or less than the purchase price, subject to the conditions of the tender offer, including the provisions relating to proration, "odd lot" priority and conditional tenders in the event that the aggregate cost to purchase all of the shares validly tendered and not validly withdrawn at or below the purchase price exceeds U.S.$357,500,000. Those provisions will be described in the Offer to Purchase, the related Letter of Transmittal and other materials relating to the tender offer that will be distributed to shareholders upon commencement of the offer. The tender offer will not be conditioned upon any minimum number of shares being tendered. The tender offer will, however, be subject to certain conditions described in the tender offer documents. The tender offer documents will also contain tendering instructions and a complete explanation of the tender offer's terms and conditions.
Cosan will use a portion of its cash and investments to fund the tender offer.
The Information Agent for the tender offer is Georgeson LLC. The Depositary is Computershare Trust Company, N.A. The Offer to Purchase, Letter of Transmittal and related documents are being mailed to shareholders of record and also will be made available for distribution to beneficial owners of Class A Common Shares. For questions and information, please call the Information Agent toll free at (866) 257-5415.
None of Cosan, its Board of Directors, the Information Agent or the Depositary is making any recommendations to shareholders as to whether to tender or refrain from tendering their shares into the tender offer. Shareholders must make their own decisions as to how many shares they will tender, if any. In so doing, shareholders should read and evaluate carefully the information in the Offer to Purchase and in the related Letter of Transmittal.
THIS PRESS RELEASE IS FOR INFORMATIONAL PURPOSES ONLY AND DOES NOT CONSTITUTE AN OFFER TO BUY OR THE SOLICITATION OF AN OFFER TO SELL SHARES OF COSAN LIMITED CLASS A COMMON SHARES. THE TENDER OFFER IS BEING MADE ONLY PURSUANT TO THE OFFER TO PURCHASE, LETTER OF TRANSMITTAL AND RELATED MATERIALS THAT COSAN WILL SHORTLY BE DISTRIBUTING TO ITS SHAREHOLDERS AND FILING WITH THE SECURITIES AND EXCHANGE COMMISSION. SHAREHOLDERS AND INVESTORS SHOULD READ CAREFULLY THE OFFER TO PURCHASE, LETTER OF TRANSMITTAL AND RELATED MATERIALS BECAUSE THEY CONTAIN IMPORTANT INFORMATION, INCLUDING THE VARIOUS TERMS OF, AND CONDITIONS TO, THE TENDER OFFER. SHAREHOLDERS AND INVESTORS MAY OBTAIN A FREE COPY OF THE TENDER OFFER STATEMENT ON SCHEDULE TO, THE OFFER TO PURCHASE, LETTER OF TRANSMITTAL AND OTHER DOCUMENTS THAT COSAN WILL SHORTLY BE FILING WITH THE SECURITIES AND EXCHANGE COMMISSION AT THE COMMISSION'S WEBSITE AT WWW.SEC.GOV OR BY CALLING GEORGESON LLC, THE INFORMATION AGENT FOR THE TENDER OFFER, TOLL-FREE AT (866) 257-5415. SHAREHOLDERS ARE URGED TO CAREFULLY READ THESE MATERIALS PRIOR TO MAKING ANY DECISION WITH RESPECT TO THE TENDER OFFER.
About Cosan
Cosan Limited (NYSE: CZZ) is an energy and infrastructure conglomerate and, when considered together with our joint venture entities formed with Shell Brazil Holdings B.V. (i.e., Raízen Combustíveis S.A. and Raízen Energia S.A., collectively known as "Raízen"), a Brazilian market reference in fuel distribution, sugar and ethanol production, natural gas distribution and railway-based logistics.
All statements contained in this press release, other than statements of historical fact, are forward-looking statements including those regarding the expected timing of the tender offer described in this press release. These statements speak only as of the date of this press release and are based on our current plans and expectations and involve risks and uncertainties that could cause actual future events or results to be different from those described in or implied by such forward-looking statements, including risks and uncertainties regarding: changes in financial markets; changes in economic, political or regulatory conditions or other trends affecting the ethanol, sugar and logistics industries; and changes in facts and circumstances and other uncertainties concerning the completion of the tender offer. Further information about these matters can be found in our Securities and Exchange Commission filings. Except as required by applicable law or regulation, we do not undertake any obligation to update our forward-looking statements to reflect future events or circumstances.
View original content:http://www.prnewswire.com/news-releases/cosan-limited-announces-commencement-of-tender-offer-to-repurchase-up-to-us357-500-000-of-its-class-a-common-shares-at-price-not-greater-than-us14-10-nor-less-than-us12-00-per-share-300908184.html
SOURCE Cosan Limited

Article Date
8/28/2019
Close
1/3/2019 - Cosan Limited Announces Final Results Of Its Tender Offer
X
Cosan Limited Announces Final Results Of Its Tender Offer
Source: PR Newswire
SÃO PAULO, Jan. 3, 2019 /PRNewswire/ -- Cosan Limited (NYSE: CZZ) announced today the final results of its tender offer to purchase up to U.S.$100,000,000 of its Class A common shares, or the shares, at (i) prices specified by the tendering shareholders of not greater than U.S.$9.30 nor less than U.S.$8.88 per share or (ii) at the purchase price determined in accordance with the tender offer. The tender offer expired at 11:59 p.m., New York City time, on December 28, 2018.
Based on the final count by Computershare Trust Company, N.A., the Depositary for the tender offer (the "Depositary"), a total of 30,871,499 Class A common shares of Cosan were properly tendered and not properly withdrawn at the final cash purchase price of U.S.$8.88 per share.
Because the tender offer was oversubscribed, the Company purchased only a prorated portion of the shares properly tendered by each tendering shareholder (other than "odd lot" holders whose shares were purchased on a priority basis) at the final per share cash purchase price of U.S.$8.88. Based on the final tender count, and taking into consideration the effect of odd lot priority and conditional tenders on the proration factor, the final proration factor for the tender offer was 49.74% of the shares properly tendered at the cash purchase price of U.S.$8.88 per share.
Accordingly, Cosan acquired 14,228,134 shares at a purchase price of U.S.$8.88 per share, for a total cost of approximately U.S.$126.3 million, excluding fees and other expenses related to the tender offer. These shares represent 9.6% of the issued and outstanding Class A common shares of Cosan as of December 31, 2018. The shares accepted for purchase include 2,966,873 additional shares that Cosan has elected to purchase pursuant to its right to purchase up to an additional 2% of its outstanding Class A common shares.
The Depositary will promptly pay for the shares accepted for purchase.
After giving effect to the purchase of the Class A common shares, Cosan will have 134,115,534 outstanding Class A common shares.
Cosan funded the share purchases in the tender offer from its cash and investments.
Cosan's tender offer was made pursuant to an Offer to Purchase and Letter of Transmittal, each dated November 30, 2018 and as amended on December 13, 2018 and December 31, 2018.
About Cosan
Cosan Limited (NYSE: CZZ) is an energy and infrastructure conglomerate and, when considered together with our joint venture entities formed with Shell Brazil Holdings B.V. (i.e., Raízen Combustíveis S.A. and Raízen Energia S.A., collectively known as "Raízen"), a Brazilian market reference in fuel distribution, sugar and ethanol production, natural gas distribution and railway-based logistics. 
All statements contained in this press release, other than statements of historical fact, are forward-looking statements including those regarding the tender offer described in this press release. These statements speak only as of the date of this press release and are based on our current plans and expectations and involve risks and uncertainties that could cause actual future events or results to be different from those described in or implied by such forward-looking statements, including risks and uncertainties regarding: changes in financial markets; changes in economic, political or regulatory conditions or other trends affecting the ethanol, sugar and logistics industries; and changes in facts and circumstances and other uncertainties concerning the completion of the tender offer. Further information about these matters can be found in our Securities and Exchange Commission filings. Except as required by applicable law or regulation, we do not undertake any obligation to update our forward-looking statements to reflect future events or circumstances.
 
 
 
 
 
View original content:http://www.prnewswire.com/news-releases/cosan-limited-announces-final-results-of-its-tender-offer-300772407.html
SOURCE Cosan Limited

Article Date
1/3/2019
Close
12/31/2018 - Cosan Limited Announces Preliminary Results Of Its Tender Offer
X
Cosan Limited Announces Preliminary Results Of Its Tender Offer
Source: PR Newswire
SÃO PAULO, Dec. 31, 2018 /PRNewswire/ -- Cosan Limited (NYSE: CZZ) announced today the preliminary results of its tender offer to purchase up to U.S.$100,000,000 of its Class A common shares, or the shares, at (i) prices specified by the tendering shareholders of not greater than U.S.$9.30 nor less than U.S.$8.88 per share or (ii) at the purchase price determined in accordance with the tender offer. The tender offer expired at 11:59 p.m., New York City time, on December 28, 2018.
Based on the preliminary count by Computershare Trust Company, N.A., the Depositary for the tender offer (the "Depositary"), a total of 30,893,575 Class A common shares of Cosan were properly tendered and not properly withdrawn at a price of U.S.$8.88 per share, the minimum cash purchase price in the price range specified in the tender offer, including 5,834,718 shares that were tendered through notice of guaranteed delivery.
In accordance with the terms and conditions of the tender offer, and in view of the preliminary results, Cosan expects to accept for payment an aggregate of 14,228,134 shares at a purchase price of U.S.$8.88 per share. The shares expected to be repurchased represent 9.6% of Cosan's issued and outstanding Class A common shares as of December 28, 2018.  The shares expected to be purchased include 2,966,873 additional shares that Cosan has elected to purchase pursuant to its right to purchase up to an additional 2% of its outstanding Class A common shares.
Because the tender offer is oversubscribed, Cosan expects to purchase only a prorated portion of the shares properly tendered by each tendering shareholder (other than "odd lot" holders whose shares will be purchased on a priority basis) at the final per share purchase price. Based on the preliminary count, and accounting for the effect of odd lot priority on the proration factor, the Depositary has informed Cosan that the preliminary proration factor for the tender offer is expected to be approximately 49.70% of the Class A common shares at the price of U.S.$8.88 and not validly withdrawn based on the total number of shares reported to be tendered at U.S.$8.88 and not withdrawn prior to the expiration of the tender offer and accounting for "odd lot" priority and the conditional tender provisions of the tender offer. This preliminary proration factor is subject to change based on, among other things, the number of tendered shares which satisfy the guaranteed delivery procedures.
The number of shares to be purchased and the purchase price per share are preliminary and subject to change. The determination of the final number of shares to be purchased and the final purchase price per share is subject to confirmation by the Depositary of the proper delivery of all shares validly tendered and not withdrawn, including shares to be delivered in accordance with notices of guaranteed delivery within the settlement period. The actual number of shares validly tendered and not withdrawn and the final purchase price per share will be announced following the completion of the confirmation process and the expiration of the guaranteed delivery period. Payment for the shares accepted for purchase will occur promptly thereafter. Payment for shares will be made in cash, without interest.
About Cosan
Cosan Limited (NYSE: CZZ) is an energy and infrastructure conglomerate and, when considered together with our joint venture entities formed with Shell Brazil Holdings B.V. (i.e., Raízen Combustíveis S.A. and Raízen Energia S.A., collectively known as "Raízen"), a Brazilian market reference in fuel distribution, sugar and ethanol production, natural gas distribution and railway-based logistics. 
All statements contained in this press release, other than statements of historical fact, are forward-looking statements including those regarding the expected timing of the tender offer described in this press release. These statements speak only as of the date of this press release and are based on our current plans and expectations and involve risks and uncertainties that could cause actual future events or results to be different from those described in or implied by such forward-looking statements, including risks and uncertainties regarding: changes in financial markets; changes in economic, political or regulatory conditions or other trends affecting the ethanol, sugar and logistics industries; and changes in facts and circumstances and other uncertainties concerning the completion of the tender offer. Further information about these matters can be found in our Securities and Exchange Commission filings. Except as required by applicable law or regulation, we do not undertake any obligation to update our forward-looking statements to reflect future events or circumstances.
View original content:http://www.prnewswire.com/news-releases/cosan-limited-announces-preliminary-results-of-its-tender-offer-300771428.html
SOURCE Cosan Limited

Article Date
12/31/2018
Close
11/30/2018 - Cosan Limited Announces Commencement Of Tender Offer To Repurchase Up To U.S.$100,000,000 Of Its Class A Common Shares At Price Not Greater Than U.S.$9.30 Nor Less Than U.S.$8.88 Per Share
X
Cosan Limited Announces Commencement Of Tender Offer To Repurchase Up To U.S.$100,000,000 Of Its Class A Common Shares At Price Not Greater Than U.S.$9.30 Nor Less Than U.S.$8.88 Per Share
Source: PR Newswire
SAO PAULO, Nov. 30, 2018 /PRNewswire/ -- Cosan Limited (NYSE: CZZ) announced today that it has commenced a tender offer to purchase up to U.S.$100,000,000 of its Class A common shares, or the shares, at (i) prices specified by the tendering shareholders of not greater than U.S.$9.30 nor less than U.S.$8.88 per share or (ii) at the purchase price determined in accordance with the tender offer. The NYSE closing price of the shares on November 29, 2018, the last full trading day before the commencement of the tender offer, was U.S.$8.09 per share.
When the tender offer expires, Cosan will determine the lowest price per share within the range of prices specified above that will enable it to purchase the maximum number of shares having an aggregate purchase price not exceeding U.S.$100,000,000. All shares purchased in the tender offer will be purchased at the same price. All shares tendered at prices higher than the purchase price will be promptly returned to shareholders. If the tender offer is fully subscribed, Cosan would repurchase between 7.2% and 7.6% of its issued and outstanding shares as of November 30, 2018, depending on the purchase price payable in the tender offer.
The tender offer will expire at 11:59 p.m., New York City time, on December 28, 2018, unless extended by Cosan. Tenders of shares must be made on or prior to the expiration of the tender offer and may be withdrawn at any time on or prior to the expiration of the tender offer. The tender offer is subject to a number of terms and conditions described in the Offer to Purchase that is being distributed to shareholders.
Shareholders will receive the purchase price in cash, subject to applicable withholding and without interest, for shares tendered at prices equal to or less than the purchase price, subject to the conditions of the tender offer, including the provisions relating to proration, "odd lot" priority and conditional tenders in the event that the aggregate cost to purchase all of the shares validly tendered and not validly withdrawn at or below the purchase price exceeds U.S.$100,000,000. Those provisions will be described in the Offer to Purchase, the related Letter of Transmittal and other materials relating to the tender offer that will be distributed to shareholders upon commencement of the offer. The tender offer will not be conditioned upon any minimum number of shares being tendered. The tender offer will, however, be subject to certain conditions described in the tender offer documents. The tender offer documents will also contain tendering instructions and a complete explanation of the tender offer's terms and conditions. 
Cosan will use a portion of its cash and investments to fund the tender offer.
The Information Agent for the tender offer is Georgeson LLC. The Depositary is Computershare Trust Company, N.A. The Offer to Purchase, Letter of Transmittal and related documents are being mailed to shareholders of record and also will be made available for distribution to beneficial owners of Class A Common Shares. For questions and information, please call the Information Agent toll free at (866) 257-5415.
None of Cosan, its Board of Directors, the Information Agent or the Depositary is making any recommendations to shareholders as to whether to tender or refrain from tendering their shares into the tender offer. Shareholders must make their own decisions as to how many shares they will tender, if any. In so doing, shareholders should read and evaluate carefully the information in the Offer to Purchase and in the related Letter of Transmittal.
THIS PRESS RELEASE IS FOR INFORMATIONAL PURPOSES ONLY AND DOES NOT CONSTITUTE AN OFFER TO BUY OR THE SOLICITATION OF AN OFFER TO SELL SHARES OF COSAN LIMITED CLASS A COMMON SHARES. THE TENDER OFFER IS BEING MADE ONLY PURSUANT TO THE OFFER TO PURCHASE, LETTER OF TRANSMITTAL AND RELATED MATERIALS THAT COSAN WILL SHORTLY BE DISTRIBUTING TO ITS SHAREHOLDERS AND FILING WITH THE SECURITIES AND EXCHANGE COMMISSION. SHAREHOLDERS AND INVESTORS SHOULD READ CAREFULLY THE OFFER TO PURCHASE, LETTER OF TRANSMITTAL AND RELATED MATERIALS BECAUSE THEY CONTAIN IMPORTANT INFORMATION, INCLUDING THE VARIOUS TERMS OF, AND CONDITIONS TO, THE TENDER OFFER. SHAREHOLDERS AND INVESTORS MAY OBTAIN A FREE COPY OF THE TENDER OFFER STATEMENT ON SCHEDULE TO, THE OFFER TO PURCHASE, LETTER OF TRANSMITTAL AND OTHER DOCUMENTS THAT COSAN WILL SHORTLY BE FILING WITH THE SECURITIES AND EXCHANGE COMMISSION AT THE COMMISSION'S WEBSITE AT WWW.SEC.GOV OR BY CALLING GEORGESON LLC, THE INFORMATION AGENT FOR THE TENDER OFFER, TOLL-FREE AT (866) 257-5415. SHAREHOLDERS ARE URGED TO CAREFULLY READ THESE MATERIALS PRIOR TO MAKING ANY DECISION WITH RESPECT TO THE TENDER OFFER.
About Cosan
Cosan Limited (NYSE: CZZ) is an energy and infrastructure conglomerate and, when considered together with our joint venture entities formed with Shell Brazil Holdings B.V. (i.e., Raízen Combustíveis S.A. and Raízen Energia S.A., collectively known as "Raízen"), a Brazilian market reference in fuel distribution, sugar and ethanol production, natural gas distribution and railway-based logistics. 
All statements contained in this press release, other than statements of historical fact, are forward-looking statements including those regarding the expected timing of the tender offer described in this press release. These statements speak only as of the date of this press release and are based on our current plans and expectations and involve risks and uncertainties that could cause actual future events or results to be different from those described in or implied by such forward-looking statements, including risks and uncertainties regarding: changes in financial markets; changes in economic, political or regulatory conditions or other trends affecting the ethanol, sugar and logistics industries; and changes in facts and circumstances and other uncertainties concerning the completion of the tender offer. Further information about these matters can be found in our Securities and Exchange Commission filings. Except as required by applicable law or regulation, we do not undertake any obligation to update our forward-looking statements to reflect future events or circumstances.
View original content:http://www.prnewswire.com/news-releases/cosan-limited-announces-commencement-of-tender-offer-to-repurchase-up-to-us100-000-000-of-its-class-a-common-shares-at-price-not-greater-than-us9-30-nor-less-than-us8-88-per-share-300758188.html
SOURCE Cosan Limited

Article Date
11/30/2018
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3/2/2018 - Cosan to Host Investor Day on March 16, 2018
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Cosan to Host Investor Day on March 16, 2018
Source: PR Newswire
Orignial Article: https://www.prnewswire.co...
NEW YORK, March 2, 2018 /PRNewswire/ -- COSAN LIMITED (NYSE: CZZ), will host its Cosan Day on Friday, March 16, 2018 in New York, NY.
This event, held for analysts and institutional investors, will feature presentations by Cosan's senior management team and business heads. Registration will begin at 8:30 am ET with presentations beginning at 9:00 am and expected to end by 11:20 am, followed by brunch with the team. Pre-registration is required by Thursday, March 15, 2018, by emailing your name, company affiliation and telephone number to Barbara Cano at barbara@inspirgroup.com. Registration is required to participate in the event.
About Cosan
Cosan Limited (NYSE: CZZ; B3: CZLT33) is one of Brazil's largest companies in the energy and logistics infrastructure segments.  Cosan focuses its investments on strategic industries, such as agribusiness, fuel and natural gas distribution, lubricants and railway logistics.
 
View original content:http://www.prnewswire.com/news-releases/cosan-to-host-investor-day-on-march-16-2018-300607054.html
SOURCE Cosan Limited

Article Date
3/2/2018
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12/22/2017 - Cosan Limited Announces Final Results Of Its Tender Offer
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Cosan Limited Announces Final Results Of Its Tender Offer
Source: PR Newswire
Orignial Article: https://www.prnewswire.co...
SÃO PAULO, Dec. 22, 2017 /PRNewswire/ -- Cosan Limited (NYSE: CZZ; B3: CZLT33) (the "Company") announced today the final results of its tender offer to purchase up to U.S.$200,000,000 of its Class A common shares, or the shares, at (i) prices specified by the tendering shareholders of not greater than U.S.$9.65 nor less than U.S.$9.23 per share or (ii) at the purchase price determined in accordance with the tender offer. The tender offer expired at 11:59 p.m., New York City time, on December 19, 2017.
Based on the final count by Computershare Trust Company, N.A., the Depositary for the tender offer (the "Depositary"), a total of 22,025,248 Class A common shares of the Company were properly tendered and not properly withdrawn at or below the final cash purchase price of U.S.$9.65 per share.
Accordingly, the Company acquired 22,025,248 shares at a purchase price of U.S.$9.65 per share, for a total cost of approximately U.S.$212.5 million, excluding fees and other expenses related to the tender offer. These shares represent 13.04% of the issued and outstanding Class A common shares of Cosan as of December 21, 2017. The shares accepted for purchase include 1,299,859 additional shares that Cosan has elected to purchase pursuant to its right to purchase up to an additional 2% of its outstanding Class A common shares.
The Depositary will promptly pay for the shares accepted for purchase.
Cosan expects to hold all of the Class A common shares purchased pursuant to the tender offer in treasury. After giving effect to the purchase of the Class A common shares, Cosan will have 146,867,137 outstanding Class A common shares.
Cosan funded the share purchases in the tender offer from its cash and investments.
Cosan's tender offer was made pursuant to an Offer to Purchase and Letter of Transmittal, each dated November 20, 2017 and as amended December 20, 2017 and December 22, 2017.
About Cosan
Cosan Limited (NYSE: CZZ; B3: CZLT33) is an energy and infrastructure conglomerate and, when considered together with our joint venture entities formed with Shell Brazil Holdings B.V. (i.e., Raízen Combustíveis S.A. and Raízen Energia S.A., collectively known as "Raízen"), a Brazilian market leader in fuel distribution, sugar and ethanol production, natural gas distribution and railway-based logistics. 
All statements contained in this press release, other than statements of historical fact, are forward-looking statements including those regarding the tender offer described in this press release. These statements speak only as of the date of this press release and are based on our current plans and expectations and involve risks and uncertainties that could cause actual future events or results to be different from those described in or implied by such forward-looking statements, including risks and uncertainties regarding: changes in financial markets; changes in economic, political or regulatory conditions or other trends affecting the ethanol, sugar and logistics industries; and changes in facts and circumstances and other uncertainties concerning the completion of the tender offer. Further information about these matters can be found in our Securities and Exchange Commission filings. Except as required by applicable law or regulation, we do not undertake any obligation to update our forward-looking statements to reflect future events or circumstances.
 
View original content:http://www.prnewswire.com/news-releases/cosan-limited-announces-final-results-of-its-tender-offer-300574880.html
SOURCE Cosan Limited

Article Date
12/22/2017
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12/20/2017 - Cosan Limited Announces Preliminary Results of Its Tender Offer
X
Cosan Limited Announces Preliminary Results of Its Tender Offer
Source: PR Newswire
Orignial Article: https://www.prnewswire.co...
SÃO PAULO, Dec. 20, 2017 /PRNewswire/ -- Cosan Limited (NYSE: CZZ; B3: CZLT33) announced today the preliminary results of its tender offer to purchase up to U.S.$200,000,000 of its Class A common shares, or the shares, at (i) prices specified by the tendering shareholders of not greater than U.S.$9.65 nor less than U.S.$9.23 per share or (ii) at the purchase price determined in accordance with the tender offer. The tender offer expired at 11:59 p.m., New York City time, on December 19, 2017.
Based on the preliminary count by Computershare Trust Company, N.A., the Depositary for the tender offer (the "Depositary"), a total of 22,019,568 shares of the Company were properly tendered and not properly withdrawn at or below a price of U.S.$9.65 per share, the maximum cash purchase price in the price range specified in the tender offer, including 2,082,891 shares that were tendered through notice of guaranteed delivery.
In accordance with the terms and conditions of the tender offer, and in view of the preliminary results, Cosan expects to accept for payment an aggregate of 22,019,568 shares at a purchase price of U.S.$9.65 per share. The shares expected to be repurchased represent approximately 13.04% of the issued and outstanding Class A common shares of Cosan as of December 19, 2017.  The shares expected to be purchased include approximately 1,294,179 additional shares that Cosan has elected to purchase pursuant to its right to purchase up to an additional 2% of its outstanding Class A common shares.
The number of shares to be purchased and the purchase price per share are preliminary and subject to change. The determination of the final number of shares to be purchased and the final purchase price per share is subject to confirmation by the Depositary of the proper delivery of all shares validly tendered and not withdrawn, including shares to be delivered in accordance with notices of guaranteed delivery within the settlement period. The actual number of shares validly tendered and not withdrawn and the final purchase price per share will be announced following the completion of the confirmation process and the expiration of the guaranteed delivery period. Payment for the shares accepted for purchase will occur promptly thereafter. Payment for shares will be made in cash, without interest.
About Cosan
Cosan Limited (NYSE: CZZ; B3: CZLT33) is an energy and infrastructure conglomerate and, when considered together with our joint venture entities formed with Shell Brazil Holdings B.V. (i.e., Raízen Combustíveis S.A. and Raízen Energia S.A., collectively known as "Raízen"), a Brazilian market leader in fuel distribution, sugar and ethanol production, natural gas distribution and railway-based logistics. 
All statements contained in this press release, other than statements of historical fact, are forward-looking statements including those regarding the expected timing of the tender offer described in this press release. These statements speak only as of the date of this press release and are based on our current plans and expectations and involve risks and uncertainties that could cause actual future events or results to be different from those described in or implied by such forward-looking statements, including risks and uncertainties regarding: changes in financial markets; changes in economic, political or regulatory conditions or other trends affecting the ethanol, sugar and logistics industries; and changes in facts and circumstances and other uncertainties concerning the completion of the tender offer. Further information about these matters can be found in our Securities and Exchange Commission filings. Except as required by applicable law or regulation, we do not undertake any obligation to update our forward-looking statements to reflect future events or circumstances.
View original content:http://www.prnewswire.com/news-releases/cosan-limited-announces-preliminary-results-of-its-tender-offer-300573840.html
SOURCE Cosan Limited

Article Date
12/20/2017
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11/20/2017 - Cosan Limited Announces Commencement Of Tender Offer To Repurchase Up To U.S.$200,000,000.00 Of Its Class A Common Shares At Price Not Greater Than U.S.$9.65 Nor Less Than U.S.$9.23 Per Share
X
Cosan Limited Announces Commencement Of Tender Offer To Repurchase Up To U.S.$200,000,000.00 Of Its Class A Common Shares At Price Not Greater Than U.S.$9.65 Nor Less Than U.S.$9.23 Per Share
Source: PR Newswire
Orignial Article: https://www.prnewswire.co...
SAO PAULO, Nov. 20, 2017 /PRNewswire/ -- Cosan Limited (NYSE: CZZ; B3: CZLT33) announced today that it has commenced a tender offer to purchase up to U.S.$200,000,000 of its Class A common shares, or the shares, at (i) prices specified by the tendering shareholders of not greater than U.S.$9.65 nor less than U.S.$9.23 per share or (ii) at the purchase price determined in accordance with the tender offer. The NYSE closing price of the shares on November 17, 2017, the last full trading day before the commencement of the tender offer, was U.S.$8.39 per share.
When the tender offer expires, Cosan will determine the lowest price per share within the range of prices specified above that will enable it to purchase the maximum number of shares having an aggregate purchase price not exceeding U.S.$200,000,000. All shares purchased in the tender offer will be purchased at the same price. All shares tendered at prices higher than the purchase price will be promptly returned to shareholders. If the tender offer is fully subscribed, Cosan would repurchase between 12.3% and 12.8% of its issued and outstanding shares as of November 20, 2017, depending on the purchase price payable in the tender offer.
The tender offer will expire at 11:59 p.m., New York City time, on December, 19, 2017, unless extended by Cosan. Tenders of shares must be made on or prior to the expiration of the tender offer and may be withdrawn at any time on or prior to the expiration of the tender offer. The tender offer is subject to a number of terms and conditions described in the Offer to Purchase that is being distributed to shareholders.
Shareholders will receive the purchase price in cash, subject to applicable withholding and without interest, for shares tendered at prices equal to or less than the purchase price, subject to the conditions of the tender offer, including the provisions relating to proration, "odd lot" priority and conditional tenders in the event that the aggregate cost to purchase all of the shares validly tendered and not validly withdrawn at or below the purchase price exceeds U.S.$200,000,000. Those provisions will be described in the Offer to Purchase, the related Letter of Transmittal and other materials relating to the tender offer that will be distributed to shareholders upon commencement of the offer. The tender offer will not be conditioned upon any minimum number of shares being tendered. The tender offer will, however, be subject to certain conditions described in the tender offer documents. The tender offer documents will also contain tendering instructions and a complete explanation of the tender offer's terms and conditions. 
Cosan will use a portion of its cash and investments to fund the tender offer.
The Information Agent for the tender offer is Georgeson LLC. The Depositary is Computershare Trust Company, N.A. The Offer to Purchase, Letter of Transmittal and related documents are being mailed to shareholders of record and also will be made available for distribution to beneficial owners of Class A Common Shares. For questions and information, please call the Information Agent toll free at (866) 257-5415.
None of Cosan, its Board of Directors, the Information Agent or the Depositary is making any recommendations to shareholders as to whether to tender or refrain from tendering their shares into the tender offer. Shareholders must make their own decisions as to how many shares they will tender, if any. In so doing, shareholders should read and evaluate carefully the information in the Offer to Purchase and in the related Letter of Transmittal.
THIS PRESS RELEASE IS FOR INFORMATIONAL PURPOSES ONLY AND DOES NOT CONSTITUTE AN OFFER TO BUY OR THE SOLICITATION OF AN OFFER TO SELL SHARES OF COSAN LIMITED CLASS A COMMON SHARES. THE TENDER OFFER IS BEING MADE ONLY PURSUANT TO THE OFFER TO PURCHASE, LETTER OF TRANSMITTAL AND RELATED MATERIALS THAT COSAN WILL SHORTLY BE DISTRIBUTING TO ITS SHAREHOLDERS AND FILING WITH THE SECURITIES AND EXCHANGE COMMISSION. SHAREHOLDERS AND INVESTORS SHOULD READ CAREFULLY THE OFFER TO PURCHASE, LETTER OF TRANSMITTAL AND RELATED MATERIALS BECAUSE THEY CONTAIN IMPORTANT INFORMATION, INCLUDING THE VARIOUS TERMS OF, AND CONDITIONS TO, THE TENDER OFFER. SHAREHOLDERS AND INVESTORS MAY OBTAIN A FREE COPY OF THE TENDER OFFER STATEMENT ON SCHEDULE TO, THE OFFER TO PURCHASE, LETTER OF TRANSMITTAL AND OTHER DOCUMENTS THAT COSAN WILL SHORTLY BE FILING WITH THE SECURITIES AND EXCHANGE COMMISSION AT THE COMMISSION'S WEBSITE AT WWW.SEC.GOV OR BY CALLING GEORGESON LLC, THE INFORMATION AGENT FOR THE TENDER OFFER, TOLL-FREE AT (866) 257-5415. SHAREHOLDERS ARE URGED TO CAREFULLY READ THESE MATERIALS PRIOR TO MAKING ANY DECISION WITH RESPECT TO THE TENDER OFFER.
About Cosan
Cosan Limited (NYSE: CZZ; B3: CZLT33) is an energy and infrastructure conglomerate and, when considered together with our joint venture entities formed with Shell Brazil Holdings B.V. (i.e., Raízen Combustíveis S.A. and Raízen Energia S.A., collectively known as "Raízen"), a Brazilian market leader in fuel distribution, sugar and ethanol production, natural gas distribution and railway-based logistics. 
All statements contained in this press release, other than statements of historical fact, are forward-looking statements including those regarding the expected timing of the tender offer described in this press release. These statements speak only as of the date of this press release and are based on our current plans and expectations and involve risks and uncertainties that could cause actual future events or results to be different from those described in or implied by such forward-looking statements, including risks and uncertainties regarding: changes in financial markets; changes in economic, political or regulatory conditions or other trends affecting the ethanol, sugar and logistics industries; and changes in facts and circumstances and other uncertainties concerning the completion of the tender offer. Further information about these matters can be found in our Securities and Exchange Commission filings. Except as required by applicable law or regulation, we do not undertake any obligation to update our forward-looking statements to reflect future events or circumstances.
View original content:http://www.prnewswire.com/news-releases/cosan-limited-announces-commencement-of-tender-offer-to-repurchase-up-to-us20000000000-of-its-class-a-common-shares-at-price-not-greater-than-us965-nor-less-than-us923-per-share-300559278.html
SOURCE Cosan Limited

Article Date
11/20/2017
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