Cielo SA (CIOXY: OTC Link) | Distribution of Dividends and Interest on Equity


Distribution of Dividends and Interest on Equity

Mar 16, 2012

OTC Disclosure News Service

Barueri, SP, Brazil –


                                                                CIELO S.A.

Publicly-Held Company – Corporate Taxpayer’s ID no. 01.027.058/0001-91


Notice to Shareholders

Distribution of Dividends and Interest on Equity



Complementing the Notice published February 8, 2012, Cielo S.A. (“Company”) (BOVESPA: CIEL3 / OTC: CIOXY) announces to its shareholders that, due to the change in the position of shares held in treasury, the amount per share of the distribution of the net income balance for the fiscal year ended December 31, 2011 in the total amount of R$666,217,344.82 (six hundred sixty-six million, two hundred seventeen thousand, three hundred forty-four reais and eighty-two centavos), R$7,577,662.50 (seven million, five hundred seventy-seven Thousand, six hundred sixty-two reais and fifty centavos) of which will be distributed as interest on equity subject to withholding income tax at the appropriate rate, and the amount of R$658,639,682.32 (six hundred fifty-eight million, six hundred thirty-nine thousand, six hundred eighty-two reais and thirty-two centavos) as distributed dividends, has been altered. The distribution will be as follows:


a)     Amount per share of dividends: R$1.208852684

b)    Gross amount per share of interest on equity: R$0.013907874

c)     Net amount per share of interest on equity (net of income tax withheld at a rate of 15%, if applicable): R$0.011821693


Reiterating that, remuneration will be paid to the shareholders on March 30, 2012, based on the shareholding position as of March 15, 2012, and the Company’s shares will be traded ex-rights as of March 16, 2012. Payment will be made through the shares’ depositary institution – Banco Bradesco S.A. (“Banco Bradesco”), by automatic credit for accountholders and shareholders who have informed their Individual/Corporate Taxpayer ID and respective bank account to Banco Bradesco. The shareholders who have not done so yet must go to a Bradesco agency to update their registration. We inform that the shareholders with stock under BMF BOVESPA S.A. – Bolsa de Valores, Mercadorias e Futuros, will receive their due remuneration from their custody agents, and the shareholders with ADRs will receive their remuneration from Deutsche Bank Trust Company Americas, an outsourced depositary institution.


Barueri, March 16, 2012.




Chief Financial and Investor Relations Officer

The above news release has been provided by the above company via the OTC Disclosure and News Service. Issuers of news releases and not OTC Markets Group Inc. are solely responsible for the accuracy of such news releases.

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