Home / Knowledge / News / Apparel/Garments / Retailer Lojas Renner declares dividend of R$ 0.1412/share
Retailer Lojas Renner declares dividend of R$ 0.1412/share
18
Jun '14
The Board of Directors of Lojas Renner S.A., at a meeting held on June 17 2014, approved the distribution and the payment of interest on equity by the Company, for the fiscal year 2014 in the total amount of R$ 17,794,633.28 (seventeen million seven hundred and nine four thousand, six hundred and thirty three reais and twenty-eight cents), corresponding to R$ 0.1412 per share. Payment shall be effected in up to 10 days after the 2015 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 2014, pursuant to the Company's Bylaws. All the Company's shareholders holding shares as of June 17 2014, 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 June 17 2014 (inclusive), the Company's shares shall be traded ex-interest on equity. The Company requests shareholders, companies and/or entities who are exempt from Income Tax Withholding to send the appropriate documentation to confirm this status to the Company's registered offices, in attention to the IR Officer, by June 20 2014.
 
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 2015.
 

Lojas Renner S.A


Must ReadView All

Indian govt relaxes cabotage rule for cotton transport

Textiles | On 25th May 2018

Indian govt relaxes cabotage rule for cotton transport

The Government of India has relaxed cabotage rules for transportation ...

Courtesy: Teejay Lanka

Textiles | On 25th May 2018

Teejay Lanka doubles production capacity at Indian mill

Teejay Lanka, one of Sri Lanka’s largest textile manufacturers, has...

Courtesy: Messe Frankfurt/Yarn Expo Autumn edition

Textiles | On 25th May 2018

Yarn Expo Autumn 2018 scheduled earlier

Over 500 exhibitors are expected at the Yarn Expo Autumn 2018, being...

Interviews View All

Prabu Mohanram
Balavigna Weaving Mills Pvt Ltd

The biggest challenge that the weaving industry faces is high price

Headhonchos
Indian fashion industry

Cotton consumption will keep growing in the Indian fashion industry

Amardeep Singh
Orient Craft

'In export markets, the trend in terms of embroidery, is towards matte...

Suresh P Bagrecha

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

Riddhi Jain

Conceived in Europe and curated in New Delhi, NeceSera is a...

Tejas N Patel, Navin D Patel

Founded in 1999 by Navin Patel in the name of Tejas Fabrics with 100...

Larry L Kinn
Suominen Corporation

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

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Ashok Desai
Bombay Textile Research Association

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

Amiben Shroff
Shrujan

From its modest beginning in the late 1960s, Shrujan has grown into a...

Jay Ramrakhiani
Occasions Elegance Wear

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

Akta Adani
India Boulevard

India Boulevard is a San Francisco-based curated fashion marketplace that...

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