Equity (Tables)

12 Months Ended

Jun. 30, 2018

Equity

Schedule of capital (number of shares)

a) Capital (number of shares)

Shareholder	2018		2017
Cresud S.A.C.I.F.Y.A. (a)		23,291,500		23,291,500
Board of Directors		8,431,700		161,900
Executive Board		168,267		159
Officers		8,599,967		162,059
Treasury		3,086,748		3,254,556
Other		21,910,701		30,180,801
Total shares of paid-up capital		56,888,916		56,888,916
Total outstanding shares		21,910,701		30,180,801
Outstanding shares as percentage of total shares (%)		39		53

(a) Of this amount, 140,450 shares are held by Agro Managers S.A. and 1,000 shares are held by Agro Managers, subsidiaries of Cresud S.A.

Schedule of dividends

	2018			2017
Profit for the year (a)		126,338			27,310
(-) Constitution of legal reserve (5% of net profit)		(6,317	)		(1,366	)
Adjusted net profit		120,021			25,944
(-) Mandatory minimum dividends - 25% of adjusted net profit		(30,005	)		(6,486	)
(-) Additional dividends proposed		(10,995	)		(6,486	)
Proposed dividends		(41,000	)		(12,972	)
Set-up of reserve for investments and expansion		79,021			12,972
Total paid-in capital (per thousand shares)		56,889			56,889
(-) Treasury shares (per thousand shares)		(3,087	)		(3,255	)
(=) Free float (per thousand shares)		53,802			53,634
Dividend per share (R$)		0.76			0.24

Schedule of changes in treasury shares

Changes in treasury shares in the year are as follows:

Treasury shares	Number of shares			Amount (R$)
At June 30, 2016		3,344,211			37,203
Acquisitions		1,345,400			15,551
Cancellations		(1,337,684	)		(14,881	)
Transfer to Board of Executive Officers – 3rd Grant of Shares*		(97,371	)		(1,076	)
At June 30, 2017		3,254,556			36,797
Acquisitions		50,300			610
Transfer to Board of Executive Officers – 2nd   and 3rd Grant of Shares (Note 21)		(218,108	)		(2,199	)
At June 30, 2018		3,086,748			35,208

Schedule of subscription warrants

The detailed information of the second issue market value of these subscription warrants is shown in the table below:

	Second issue
BrasilAgro	2018	2017
Price of share - R$	13.55	12.20
Maturity (years)	15	15
Maturity (day/month/year)	27/04/2021	4/27/2021
Exercise price at year end - R$/share	19.57	18.75
Number of existing shares	56,888,916	56,888,916
Percentage of capital shares subject to conversion (percentage of new capital) - %	20	20
Number of outstanding shares and stock purchase warrants	256,000	256,000