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

Textiles | On 25th Mar 2017

GST to positively impact retail value chain: CBRE

The implementation of the Goods and Services Tax (GST) bill in India...

Textiles | On 25th Mar 2017

New Pashmina Dehairing Plant to come up in Leh

A new Pashmina Dehairing Plant will be installed at Leh to increase...

Apparel/Garments | On 25th Mar 2017

Net sales at Christopher & Banks fall 10% in Q4

Net sales totalled $85.0 million for the fourth quarter ended January ...

Interviews View All

Pratik Bachkaniwala
Palod Himson Machines

Fabric processing machines are picking up

Sanjay Desai & Ashish Mulani
True Colors

Digital textile printing will be the technology of the future

Mandeep Nagi
Shades of India

Women value something that is unique and has a flavour of India

Eric Scholler
Groz-Beckert

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

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Sanjukta Dutta
Sanjukta's Studio

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

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

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

news category


Related Categories:
March 2017

March 2017

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

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search