Valle Grande Forestal (VALLEYFOREST) S.A.



General Information
Company: Valle Grande Forestal (VALLEYFOREST) S.A.
Sector: Forestry
Product: Teak
Location: Provincia del Guayas, Cantón Balzar y Provincia de Manabí, Cantón Pichincha

Plantation Data
Property surface: 240.60 ha.
Planted surface: 200.50 ha.
Sowing distribution: 137.30 ha. planted in 2014, and 63.20 planted in 2015

Placement
Placement: Secondary Public Offering.
Number of shares: 1,7000.000 shares
Placement price: US $2.60 per share
Profitability: Over 14% *
Profitability perception: At plantation’s cut down.
Estimated cut down age: 20 years after sowing.

* Calculation of return is based on the projected growth of wood, on conservative estimates of prices, costs and expenses. The project involves accumulating all the necessary resources for the maintenance until the cutting, from the beginning of the operation. The company does not expect the existence of financial liabilities.



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