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Dividend time at Lojas Renner
18 Nov '05
3 min read
Porto Alegre based Lojas Renner S.A., which is one of the three largest apparel department store chains in Brazil, released a notice to shareholders regarding a distribution and the payment of dividends. The full notice was released as follows:
Company informs shareholders that the Board of Directors of Lojas Renner S.A. ("Company") in a meeting held on November 16, 2005, approved the distribution and the payment of dividends in the form of interest on equity of R$ 22,348,973.96 (amounting to R$0.92 per share) referring to the fiscal year 2005.
The payment will be made starting on November 28, 2005, and is subject to income tax withholding in accordance with the prevailing legislation.
The amount corresponding to the payment of interest on equity constitutes an anticipation of the mandatory annual dividend as stated in the Company's by-laws. Pursuant to the prevailing legislation, all shareholders on record as of 11/16/2005, the date of payment approval by the Board of Directors, will be entitled to receive interest on equity.
The Company requests thatshareholders, companies and/or entities who are exempt from income tax to send the necessary documents to confirm this status to the Company's headquarters at Av. Assis Brasil, 944, Passo D'Areia, Porto Alegre, RS, by 11/21/2005.
The interest on equity will be paid through the Company's stock depositary institution -- Banco Itau S.A. ("Itau Bank"), by means of direct deposit to those shareholders who have informed their Individual or Corporate Taxpayer's Registry to Itau Bank along with their respective bank account.
Company informs shareholders that the Board of Directors of Lojas Renner S.A. ("Company") in a meeting held on November 16, 2005, approved the distribution and the payment of dividends in the form of interest on equity of R$ 22,348,973.96 (amounting to R$0.92 per share) referring to the fiscal year 2005.
The payment will be made starting on November 28, 2005, and is subject to income tax withholding in accordance with the prevailing legislation.
The amount corresponding to the payment of interest on equity constitutes an anticipation of the mandatory annual dividend as stated in the Company's by-laws. Pursuant to the prevailing legislation, all shareholders on record as of 11/16/2005, the date of payment approval by the Board of Directors, will be entitled to receive interest on equity.
The Company requests thatshareholders, companies and/or entities who are exempt from income tax to send the necessary documents to confirm this status to the Company's headquarters at Av. Assis Brasil, 944, Passo D'Areia, Porto Alegre, RS, by 11/21/2005.
The interest on equity will be paid through the Company's stock depositary institution -- Banco Itau S.A. ("Itau Bank"), by means of direct deposit to those shareholders who have informed their Individual or Corporate Taxpayer's Registry to Itau Bank along with their respective bank account.
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