Home / Knowledge / News / Apparel/Garments / Lojas Renner BoD approves R$ 0.1181 interest on equity
Lojas Renner BoD approves R$ 0.1181 interest on equity
19
Sep '13
The Board of Directors of Lojas Renner S.A. at a meeting held on September 18 2013, approved the distribution and the payment of interest on equity by the Company, for the fiscal year 2013 in the total amount of R$ 14,759,537.46, corresponding to R$ 0.1181 per share.

Payment shall be effected in up to 10 days after the 2014 Annual General Meeting and is subject to Income Tax Withholding (IRRF) pursuant to the prevailing legislation.

The aforesaid amount corresponding to the payment of interest on equity shall be included in the calculation of the mandatory dividend for the fiscal year 2013, pursuant to the Company's Bylaws.

All the Company's shareholders holding shares as of September 18, 2013, the date of the approval of the payment by the Board of Directors, shall be entitled to interest on equity in accordance with the prevailing legislation.

As from September 19, 2013 (inclusive), the Company's shares shall be traded ex-interest on equity.

The procedures and the initial date of payment of interest on equity will be disclosed by the Company Officers immediately after the Annual General Meeting that will take place in 2014.
 

Lojas Renner


Must ReadView All

IOC, MPCI to set up ₹1000 cr PSF unit in Odisha

Textiles | On 23rd May 2018

IOC, MPCI to set up ₹1000 cr PSF unit in Odisha

Indian Oil Corporation (IOC) has teamed up with Materials Chemicals...

Courtesy: Marks and Spencer

Apparel/Garments | On 23rd May 2018

M&S to close 14 Clothing & Home stores by 2019

Marks & Spencer (M&S), a leading British multi-national retailer,...

Garment products dominate across textile businesses: FESPA

Textiles | On 23rd May 2018

Garment products dominate across textile businesses: FESPA

Garment products dominate across all textile businesses, with sports...

Interviews View All

Giovanni Pizzamiglio, Paolo Crespi & Riccardo Robustelli
Epson, For.Tex & F.lli Robustelli

‘The percentage share of printing in the global textile market is pretty...

Ajay Ghariwala
Luthra Group

We are ready to adopt or follow every opportunity

Top executives
Textile industry

Overall, Union budget 2018-19 is very balanced

Kamal Kulshreshth

Colorjet is among the fastest-growing wide format digital inkjet print...

Hardik Sanghvi

Idealin Fogging Systems has been engaged in designing and manufacturing...

Suresh P Bagrecha

Komal Texfab, founded in 1981, is into manufacturing of knitted fabrics,...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


May 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Advanced Search