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SHAREHOLDERS´ EQUITY (Tables) | 12 Months Ended
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Dec. 31, 2021
As of December 31, 2021 and 2020, the Company’s ownership structure was as follows | As of December 31, 2021 and 2020, the Company’s ownership structure was as follows:
|  |  |  |  |  | 12/31/2021 |  |  |  |  |  | 12/31/2020
|  | Number of common shares |  | % of total shares |  | % of voting capital |  | Number of common shares |  | % of total shares |  | % of voting capital
Vicunha Aços S.A. (*) |  | 679,522,254 |  | 48.97% |  | 50.65% |  | 679,522,254 |  | 48.97% |  | 49.24%
Rio Iaco Participações S.A. (*) |  | 45,706,242 |  | 3.29% |  | 3.41% |  | 58,193,503 |  | 4.19% |  | 4.22%
NYSE (ADRs) |  | 250,564,538 |  | 18.06% |  | 18.67% |  | 248,763,533 |  | 18.90% |  | 19.00%
Other shareholders |  | 365,941,013 |  | 26.38% |  | 27.27% |  | 393,635,257 |  | 27.41% |  | 27.55%
Outstanding shares |  | 1,341,734,047 |  | 96.70% |  | 100.00% |  | 1,380,114,547 |  | 99.47% |  | 100.00%
Treasury shares |  | 45,790,000 |  | 3.30% |  |  |  | 7,409,500 |  | 0.53% |  |
Total shares |  | 1,387,524,047 |  | 100.00% |  |  |  | 1,387,524,047 |  | 100.00% |  |
(*) |  | Controlling group companies.
As of December 31, 2021, the position of treasury shares was as follows: | As of December 31, 2021, the position of treasury shares was as follows:
Program |  | Board’s Authorization |  | Authorized quantity |  | Program period |  | Average buyback price |  | Minimum and maximum buyback price |  | Number bought back |  | Sale of shares |  | Balance in treasury
|  | 04/20/2018 |  | 30,391,000 |  | From 4/20/2018 to 4/30/2018 |  | Not applicable |  | Not applicable |  |  |  | 22,981,500 |  | 7,409,500
1º |  | 06/21/2021 |  | 24,154,500 |  | From 06/22/2021 to 12/22/2021 |  | R$ 21.82 |  | R$20.06 and R$23.22 |  | 24,082,000 |  |  |  | 31,491,500
2º |  | 6/12/2021 |  | 30,000,000 |  | From 12/07/2021 to 6/30/2022 |  | R$ 24.70 |  | R$23.94 and R$25.45 |  | 14,298,500 |  |  |  | 45,790,000
Schedule of position of treasury shares | Schedule of position of treasury shares
Quantity purchased (in units) |  | Amount paid for the shares |  | Share price |  | Share market price as of 12/31/2021 (*)
|  | Minimum |  | Maximum |  | Average |
45,790,000 |  | R$ 936,930 |  | R$ 4.48 |  | R$ 25.45 |  | R$ 18.13 |  | R$ 1,144,292
(*) |  | The average share price on December 31, 2021, was used in the amount of R$24.99 per share.
The earnings per share are shown below: | The earnings per share are shown below:
| 12/31/2021 |  | 12/31/2020 |  | 12/31/2019
| Common Shares
Profit for the year | 12,258,628 |  | 3,794,295 |  | 1,789,067
Weighted average number of shares | 1,376,362,149 |  | 1,380,114,547 |  | 1,380,114,547
Basic and diluted earnings per share | 8.90654 |  | 2.74926 |  | 1.29632

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