Cosan Limited (NYSE:CZZ) announces a share repurchase program. Under the program, the company will repurchase up to $375.5 million worth of its Class A common shares. The shares will be repurchased at a price not greater than $14.1 nor less than $12 per share. The purpose of the offer is to provide an opportunity to return capital to the shareholders who elect to tender their shares or to not participate in the offer but still enjoy an increase their relative percentage interest and to provide the shareholders with an efficient way to sell their shares without incurring brokers’ fees or commissions. The offer will be funded using cash on hand and investments. If shares having an aggregate purchase price of more than $375.5 million are tendered and not properly withdrawn, then company will first repurchase the shares from odd lot shareholders and then, subject to conditional tender, the company will repurchase shares from other shareholders on a pro rata basis and then only if necessary, the company will repurchase shares from the shareholders at the purchase price conditionally, for which the condition was not initially satisfied, by random lot, to the extent feasible. The company may increase the number of shares accepted for payment in the offer by no more than 2% of the number of its issued and outstanding shares, without extending the duration of the offer. The offer will expire as on September 25, 2019, unless extended. As of August 28, 2019, the company has 135,722,065 Class A shares in outstanding and 6,393,469 Class A shares in treasury. On September 12, 2019, the company decided that the shares will be repurchased at a price not greater than $15.50 nor less than $13.05 per share.