CORRECTED-BRIEF-Brasilagro proposes dividend payment, announces new share buy back programme

jueves 22 de septiembre de 2016 11:04 GYT

(Corrects first bullet point to "Said on Wednesday" from "Said on Friday".)

Sept 22(Reuters) - Brasilagro Companhia Brasileira de Propriedades Agricolas :

* Said on Wednesday its board of directors approved to propose dividend payment for the period ended June 30 in a total amount of 10.0 million Brazilian reais ($3.1 million); record date is the day of the ordinary general meeting, payment to be made within 30 days after approval

* The board will also propose to pay out interim dividends from investment and expansion reserve totalling 22.0 million reais; record date is Oct. 21

* Announces approval of a new share buy-back programme for up to 1.3 million ordinary shares, which corresponds to 4 percent of the ordinary shares in free float; the programme to run for 18 months as of Sep. 21

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($1 = 3.1902 Brazilian reais) (Gdynia Newsroom)